IHS executive reports shares and RSU holdings

IHS Holding Ltd executive Mustafa Tharoo, EVP and Group General Counsel, reported his initial ownership of the company’s securities.

Rhea-AI Filing Summary

IHS Holding Ltd executive Mustafa Tharoo, EVP and Group General Counsel, reported his initial ownership of the company’s securities. He directly holds 667,155 Ordinary Shares, plus restricted stock units (RSUs) that each represent a right to receive one Ordinary Share if they vest. These RSUs cover 31,182 underlying Ordinary Shares scheduled to vest on March 15, 2027, 75,834 underlying shares vesting in equal annual installments on March 18, 2027 and March 18, 2028, and 10,224 underlying shares vesting on April 6, 2026. The filing lists holdings and remaining RSU awards rather than new market purchases or sales.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Tharoo Mustafa

Role EVP, Group General Counsel

Type	Security	Shares	Price	Value
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Restricted Stock Units — 117,240 contracts (Direct); Ordinary Shares — 667,155 shares (Direct)

Footnotes (3)

1. F1. Each RSU represents a contingent right to receive one Ordinary Share. The RSUs will vest on March 15, 2027.
2. F2. Each RSU represents a contingent right to receive one Ordinary Share. The RSUs will vest in equal annual installments on March 18, 2027 and March 18, 2028.
3. F3. Each RSU represents a contingent right to receive one Ordinary Share. The RSUs will vest on April 6, 2026.

FAQ

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

What does Mustafa Tharoo’s Form 3 reveal about his IHS share ownership?

The Form 3 shows Mustafa Tharoo directly owns 667,155 Ordinary Shares of IHS Holding Ltd. It also details several restricted stock unit awards that could convert into additional Ordinary Shares if the vesting conditions on future dates are met.

How many IHS restricted stock units does Mustafa Tharoo report on this Form 3?

The filing lists RSUs tied to 31,182, 75,834, and 10,224 underlying Ordinary Shares. Each restricted stock unit represents a contingent right to receive one Ordinary Share, subject to the specific vesting schedules described in the footnotes.

When do Mustafa Tharoo’s IHS restricted stock units vest?

One RSU grant vests on March 15, 2027. Another vests in equal annual installments on March 18, 2027 and March 18, 2028. A third RSU grant vests on April 6, 2026, potentially delivering Ordinary Shares at each vesting date.

How are IHS restricted stock units related to Ordinary Shares in this filing?

Each restricted stock unit in this Form 3 represents a contingent right to receive one Ordinary Share of IHS Holding Ltd. The units convert into shares only if the specified vesting dates and conditions are satisfied, as outlined in the accompanying footnotes.

Does this IHS Form 3 show Mustafa Tharoo buying or selling shares?

The Form 3 does not show new share purchases or sales. It reports initial beneficial ownership of 667,155 Ordinary Shares and the terms of outstanding restricted stock unit awards, including their future vesting schedules and one-for-one share conversion rights.

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

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Accepted by SEC EDGAR 03/18/2026 - 04:21 PM Learn about SEC filing dates

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Tharoo Mustafa

(Last) (First) (Middle)

1 CATHEDRAL PIAZZA

123 VICTORIA STREET

(Street)

LONDON SW1E 5BP

(City) (State) (Zip)

UNITED KINGDOM

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
IHS Holding Ltd [ IHS ]

3a. Foreign Trading Symbol

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Group General Counsel

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares	667,155	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	(1)	Ordinary Shares	31,182	(1)	D
Restricted Stock Units	(2)	(2)	Ordinary Shares	75,834	(2)	D
Restricted Stock Units	(3)	(3)	Ordinary Shares	10,224	(3)	D

Explanation of Responses:

1. Each RSU represents a contingent right to receive one Ordinary Share. The RSUs will vest on March 15, 2027.

2. Each RSU represents a contingent right to receive one Ordinary Share. The RSUs will vest in equal annual installments on March 18, 2027 and March 18, 2028.

3. Each RSU represents a contingent right to receive one Ordinary Share. The RSUs will vest on April 6, 2026.

	/s/ Mustafa Tharoo	03/18/2026
	** 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 5 (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 3: SEC 1473 (03-26)