IBEX COO reports routine tax-withholding share disposition

IBEX Ltd Chief Operating Officer David Martin Afdahl reported a routine tax-related share disposition.

Rhea-AI Filing Summary

IBEX Ltd Chief Operating Officer David Martin Afdahl reported a routine tax-related share disposition. On July 1, 2026, 1,138 common shares were withheld by IBEX to cover his tax liability from the vesting of 2,310 restricted stock units. The footnote clarifies that no shares were sold on the market to satisfy this obligation. After this withholding, Afdahl directly owned 156,164 IBEX common shares.

Insider Trade Summary

Exercise Price or Tax Liability: 1,138 shares

Exercise Price or Tax Liability 1 txn

Insider Afdahl David Martin

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Shares	1,138	$31.60	$36K

Holdings After Transaction: Common Shares — 156,164 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 2,310 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: 1,138 shares Price per share reference: $31.60 per share Shares held after transaction: 156,164 shares +1 more

4 metrics

Shares withheld for taxes 1,138 shares Common shares withheld on July 1, 2026 for tax liability

Price per share reference $31.60 per share Transaction price per IBEX common share in the tax-withholding entry

Shares held after transaction 156,164 shares Direct IBEX common share ownership after the tax-withholding disposition

RSUs vested 2,310 restricted stock units Restricted stock units vesting on July 1, 2026 triggering tax withholding

Key Terms

restricted stock units, net share settlement, tax liability, tax-withholding disposition

4 terms

restricted stock units financial

"upon the vesting of 2,310 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.

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.

tax liability financial

"to satisfy tax liability upon the vesting of 2,310 shares of restricted stock units"

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

FAQ

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

What insider transaction did IBEX (IBEX) report for David Martin Afdahl?

IBEX reported that Chief Operating Officer David Martin Afdahl had 1,138 common shares withheld to cover tax liabilities from vesting restricted stock units. This was a non-market tax-withholding disposition, not an open-market sale of shares.

Did the IBEX (IBEX) COO sell shares in the latest Form 4 filing?

No, the COO did not sell shares on the open market. IBEX withheld 1,138 shares to satisfy his tax liability on 2,310 vesting restricted stock units, and the filing explicitly states no shares were sold to cover this tax.

How many IBEX (IBEX) shares does David Martin Afdahl hold after this transaction?

Following the tax-withholding transaction, David Martin Afdahl directly owned 156,164 IBEX common shares. This figure reflects his position after 1,138 shares were withheld by the company to cover tax associated with restricted stock unit vesting.

What triggered the tax-withholding share disposition for IBEX (IBEX) COO?

The disposition was triggered by the July 1, 2026 vesting of 2,310 restricted stock units. To satisfy the related tax liability, IBEX withheld 1,138 common shares from David Martin Afdahl through a net share settlement mechanism.

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

Transaction code F indicates a tax-withholding disposition, where shares are delivered or withheld to pay tax or exercise costs. In this case, 1,138 IBEX common shares were withheld to cover the COO’s tax liability on vesting restricted stock units.

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

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Accepted by SEC EDGAR 07/06/2026 - 08:12 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^*

Afdahl David Martin

(Last) (First) (Middle)

C/O IBEX LIMITED

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 Operating 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		1,138(1)	D	$31.6	156,164	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 2,310 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)