STOCK TITAN

IHS Holding (NYSE: IHS) EVP reports RSU vesting, stock grant and tax-cover sales

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

IHS Holding Ltd executive Darwish Mohamad reported routine equity compensation activity and related tax-cover sales. On April 6, 2026, he exercised 10,224 Restricted Stock Units into the same number of Ordinary Shares at a conversion price of $0.00, and separately received a grant of 101,495 Ordinary Shares at no cost.

On April 7, 2026, he sold 2,560 and 25,412 Ordinary Shares at a weighted average price of $8.2386 per share. Footnotes state these sales were to cover taxes upon the vesting of RSUs and performance stock units under a mandatory Rule 10b5-1 trading instruction. The filing also reports 1,620,294 Ordinary Shares held indirectly by a trust.

Positive

  • None.

Negative

  • None.
Insider Darwish Mohamad
Role EVP, IHS Nigeria CEO
Sold 27,972 shs ($230K)
Type Security Shares Price Value
Sale Ordinary Shares 2,560 $8.2386 $21K
Sale Ordinary Shares 25,412 $8.2386 $209K
Exercise Restricted Stock Units 10,224 $0.00 --
Exercise Ordinary Shares 10,224 $0.00 --
Grant/Award Ordinary Shares 101,495 $0.00 --
holding Ordinary Shares -- -- --
Holdings After Transaction: Ordinary Shares — 299,400 shares (Direct); Restricted Stock Units — 0 shares (Direct); Ordinary Shares — 1,620,294 shares (Indirect, By Trust)
Footnotes (1)
  1. Each restricted stock unit ("RSU") represents a contingent right to receive one Ordinary Share. Shares were sold to cover taxes upon the vesting of RSUs (in the case of 2,560 Ordinary Shares) and performance stock units (in the case of 25,412 Ordinary Shares) pursuant to a mandatory Rule 10b5-1 trading instruction in the award agreement adopted by the Reporting Person on May 26, 2023 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.235 to $8.26, inclusive. The RSUs have fully vested.
Tax-cover sale 1 2,560 shares at $8.2386 Ordinary Shares sold on April 7, 2026 to cover taxes
Tax-cover sale 2 25,412 shares at $8.2386 Ordinary Shares sold on April 7, 2026 to cover taxes
RSUs exercised 10,224 shares at $0.00 Restricted Stock Units converted to Ordinary Shares on April 6, 2026
Share grant 101,495 shares at $0.00 Ordinary Share grant/award on April 6, 2026
Indirect trust holdings 1,620,294 shares Ordinary Shares held indirectly by trust as of April 6, 2026
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one Ordinary Share."
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.
Rule 10b5-1 trading instruction regulatory
"pursuant to a mandatory Rule 10b5-1 trading instruction in the award agreement"
performance stock units financial
"performance stock units (in the case of 25,412 Ordinary Shares) pursuant to a mandatory Rule 10b5-1 trading instruction"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
SEC Form 4
FORM 4UNITED 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).
X
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*
Darwish Mohamad

(Last)(First)(Middle)
1 CATHEDRAL PIAZZA
123 VICTORIA STREET

(Street)
LONDONSW1E 5BP

(City)(State)(Zip)

UNITED KINGDOM

(Country)
2. Issuer Name and Ticker or Trading Symbol
IHS Holding Ltd [ IHS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, IHS Nigeria CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/06/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Ordinary Shares04/06/2026M10,224A(1)301,960D
Ordinary Shares04/07/2026S(2)2,560D$8.2386(3)299,400D
Ordinary Shares04/06/2026A101,495A$0400,895D
Ordinary Shares04/07/2026S(2)25,412D$8.2386(3)375,483D
Ordinary Shares1,620,294IBy Trust
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)04/06/2026M10,224 (4) (4)Ordinary Shares10,224$00D
Explanation of Responses:
1. Each restricted stock unit ("RSU") represents a contingent right to receive one Ordinary Share.
2. Shares were sold to cover taxes upon the vesting of RSUs (in the case of 2,560 Ordinary Shares) and performance stock units (in the case of 25,412 Ordinary Shares) pursuant to a mandatory Rule 10b5-1 trading instruction in the award agreement adopted by the Reporting Person on May 26, 2023 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.235 to $8.26, inclusive.
4. The RSUs have fully vested.
/s/ Mohamad Darwish04/08/2026
** Signature of Reporting PersonDate
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)

FAQ

What insider transactions did IHS (IHS) executive Darwish Mohamad report?

He reported equity compensation activity and related sales. On April 6, 2026, he exercised 10,224 RSUs and received 101,495 Ordinary Shares. On April 7, 2026, he sold 2,560 and 25,412 Ordinary Shares primarily to cover tax obligations.

Were the IHS (IHS) share sales by Darwish Mohamad discretionary trades?

The sales were not discretionary trades. Footnotes explain that 2,560 and 25,412 Ordinary Shares were sold to cover taxes on vesting awards under a mandatory Rule 10b5-1 trading instruction embedded in the award agreement adopted on May 26, 2023.

What prices were received in the IHS (IHS) tax-cover share sales?

The reported weighted average price was $8.2386 per share. Footnotes clarify the shares were sold in multiple transactions with prices ranging from $8.235 to $8.26 per Ordinary Share, resulting in the disclosed weighted average figure.

What RSU activity did the IHS (IHS) Form 4 disclose for Darwish Mohamad?

The filing shows that 10,224 Restricted Stock Units were exercised into 10,224 Ordinary Shares at a $0.00 conversion price. A footnote confirms the RSUs have fully vested, and each RSU represented a right to receive one Ordinary Share of IHS Holding Ltd.

How many IHS (IHS) shares are reported as held indirectly by a trust?

The Form 4 lists 1,620,294 Ordinary Shares as held indirectly "By Trust." This entry reflects an indirect ownership position, separate from Darwish Mohamad’s directly held Ordinary Shares reported in the non-derivative transaction table.