IBEX officer reports tax withholding of 316 shares

IBEX Ltd Chief AI & Digital Officer Michael Joseph Darwal reported a tax-related share withholding tied to restricted stock unit vesting.

Rhea-AI Filing Summary

IBEX Ltd Chief AI & Digital Officer Michael Joseph Darwal reported a tax-related share withholding tied to restricted stock unit vesting. On July 1, 2026, 316 common shares were withheld at $31.60 per share to cover tax obligations when 880 restricted stock units vested. The filing notes that no shares were sold on the market to satisfy this tax liability, and Darwal now directly holds 40,944 common shares following the transaction.

Insider Trade Summary

Exercise Price or Tax Liability: 316 shares

Exercise Price or Tax Liability 1 txn

Insider Darwal Michael Joseph

Role Chief AI & Digital Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Shares	316	$31.60	$10K

Holdings After Transaction: Common Shares — 40,944 shares (Direct)

Footnotes (1)

1. F1. Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon the vesting of 880 shares of restricted stock units on July 1, 2026. No shares were sold by the reporting person to satisfy this tax liability.

Key Figures

Shares withheld for taxes: 316 shares Withholding price per share: $31.60 per share Shares after transaction: 40,944 shares +1 more

4 metrics

Shares withheld for taxes 316 shares Common shares withheld on July 1, 2026 to satisfy tax liability

Withholding price per share $31.60 per share Value used for 316 withheld common shares

Shares after transaction 40,944 shares Direct IBEX common share holdings following the tax-withholding event

RSUs vested 880 units Restricted stock units vesting on July 1, 2026 for the officer

Key Terms

restricted stock units, tax liability, net share settlement, transaction code F

4 terms

restricted stock units financial

"upon the vesting of 880 shares of restricted stock units on July 1, 2026"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax liability financial

"to satisfy tax liability upon the vesting of 880 shares of restricted stock units"

net share settlement financial

"in connection with the reporting person's net share settlement to satisfy tax liability"

Net share settlement is a way of paying for financial transactions using only the difference in shares rather than exchanging full amounts of stock or cash. It’s like settling a debt by giving someone the exact number of shares needed to balance the books, making trades quicker and simpler. This method helps reduce the number of shares changing hands, saving time and costs.

transaction code F regulatory

"transaction_code": "F","transaction_code_description": "Payment of exercise price or tax liability by delivering securities""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did IBEX (IBEX) report for Michael Joseph Darwal?

IBEX reported that Chief AI & Digital Officer Michael Joseph Darwal had 316 common shares withheld to cover taxes on vesting restricted stock units. This was a tax-withholding event, not an open-market sale, and reflects routine equity compensation settlement.

Were any IBEX (IBEX) shares sold on the market in this Form 4 filing?

No market sale occurred in this Form 4. The 316 IBEX common shares were withheld by the company to satisfy tax liability on vesting restricted stock units, and the footnote explicitly states no shares were sold by the reporting person.

How many IBEX (IBEX) restricted stock units vested for Michael Joseph Darwal?

A total of 880 restricted stock units vested for Michael Joseph Darwal on July 1, 2026. Of these, 316 resulting shares were withheld to cover associated tax obligations, with the net remaining shares contributing to his ongoing equity position in IBEX.

What is Michael Joseph Darwal’s IBEX (IBEX) shareholding after this tax-withholding event?

After the tax-withholding event, Michael Joseph Darwal directly holds 40,944 IBEX common shares. This figure reflects his position following the withholding of 316 shares for taxes when 880 restricted stock units vested on July 1, 2026.

What does transaction code F mean in the IBEX (IBEX) Form 4 filing?

Transaction code F in this IBEX filing indicates a disposition of shares to pay a tax liability or exercise price. Here, 316 shares were withheld by the issuer for taxes on vesting restricted stock units, rather than being sold in the open market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 07/06/2026 - 08:18 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Darwal Michael Joseph

(Last) (First) (Middle)

1717 PENNSYLVANIA AVENUE NW

SUITE 825

(Street)

WASHINGTON DISTRICT OF COLUMBIA 20006

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
IBEX Ltd [ IBEX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief AI & Digital Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	07/01/2026		F		316(1)	D	$31.6	40,944	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy tax liability upon the vesting of 880 shares of restricted stock units on July 1, 2026. No shares were sold by the reporting person to satisfy this tax liability.

Remarks:

	Lisa Lenstrohm, Attorney-in-Fact	07/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)