IBEX Ltd Darwal acquires 2,348 performance shares

IBEX Ltd Chief AI & Digital Officer Michael Joseph Darwal acquired 2,348 performance-based stock units on September 30, 2026, upon certification of performance goals for the two-year period ending June 30, 2026; the units converted to common shares.

Rhea-AI Filing Summary

IBEX Ltd Chief AI & Digital Officer Michael Joseph Darwal acquired 2,348 performance-based stock units on September 30, 2026, upon certification of performance goals for the two-year period ending June 30, 2026; the units converted to common shares. The issuer withheld 843 shares upon vesting to satisfy his tax liability. This was described as non-discretionary, and the reported $43.26 per-share amount was the common shares’ closing price that day.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Darwal Michael Joseph

Role Chief AI & Digital Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Shares F1	2,348	$0.00	$0.00
Tax Withholding	Common Shares F2, F3	843	$43.26	$36K

Holdings After Transaction: Common Shares — 41,979 shares (Direct)

Footnotes (3)

1. F1. On September 30, 2026, 2,348 performance-based stock units ("PSUs") were earned and acquired by the Reporting Person. These PSUs were earned upon certification of performance goals for the two-year period ending June 30, 2026 and converted to Common shares.
2. F2. Represents shares withheld by the Issuer to satisfy the Reporting Person's tax liability upon the vesting of PSUs on September 30, 2026. This was not a discretionary transaction, and no shares were sold by the reporting person to satisfy this tax liability.
3. F3. Closing price of Issuer's Common shares on September 30, 2026.

Key Figures

Performance-based stock units acquired: 2,348 units Shares withheld: 843 shares Closing price: $43.26 per share +1 more

4 metrics

Performance-based stock units acquired 2,348 units Acquired September 30, 2026, and converted to common shares

Shares withheld 843 shares Withheld upon vesting to satisfy tax liability on September 30, 2026

Closing price $43.26 per share Common shares on September 30, 2026

Performance period Two years Ended June 30, 2026

Key Terms

performance-based stock units ("PSUs"), vesting of PSUs, certification of performance goals

3 terms

performance-based stock units ("PSUs") financial

"2,348 performance-based stock units ("PSUs") were earned"

vesting of PSUs financial

"upon the vesting of PSUs on September 30, 2026"

certification of performance goals financial

"earned upon certification of performance goals"

FAQ

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

How many performance-based stock units did IBEX’s Chief AI & Digital Officer acquire?

Michael Joseph Darwal acquired 2,348 performance-based stock units on September 30, 2026, upon certification of performance goals for the two-year period ending June 30, 2026. The units converted to common shares.

How many IBEX shares were withheld for taxes?

The issuer withheld 843 shares on September 30, 2026, to satisfy Michael Joseph Darwal’s tax liability upon vesting of the performance-based stock units. The transaction was described as non-discretionary, and no shares were sold by the reporting person to satisfy the tax liability.

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

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Available on EDGAR 10/02/2026 - 05:21 PM Accepted by SEC EDGAR 10/02/2026 - 05:21 PM 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)
09/30/2026

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	09/30/2026		A		2,348(1)	A	$0	42,822	D
Common Shares	09/30/2026		F		843(2)	D	$43.26(3)	41,979	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. On September 30, 2026, 2,348 performance-based stock units ("PSUs") were earned and acquired by the Reporting Person. These PSUs were earned upon certification of performance goals for the two-year period ending June 30, 2026 and converted to Common shares.

2. Represents shares withheld by the Issuer to satisfy the Reporting Person's tax liability upon the vesting of PSUs on September 30, 2026. This was not a discretionary transaction, and no shares were sold by the reporting person to satisfy this tax liability.

3. Closing price of Issuer's Common shares on September 30, 2026.

Remarks:

	Lisa Lenstrohm, Attorney-in-Fact	10/02/2026
	** 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)