Was the IHS (IHS) share sale by Darwish Mohamad discretionary or pre-planned?

The sale was executed under a mandatory Rule 10b5-1 trading instruction in the award agreement. That instruction was adopted on May 26, 2023, indicating the transaction was pre-planned rather than a discretionary open-market timing decision.

IHS Holding (NYSE: IHS) EVP sells 16,153 shares under 10b5-1 plan

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

IHS Holding Ltd EVP and IHS Nigeria CEO Darwish Mohamad sold 16,153 Ordinary Shares on March 18, 2026 at a weighted average price of $8.1794 per share. According to the disclosure, these shares were sold to cover taxes upon the vesting of restricted stock units under a mandatory Rule 10b5-1 trading instruction adopted on May 26, 2023.

After this sale, he holds 291,736 Ordinary Shares directly and 1,620,294 Ordinary Shares indirectly through a trust. The sale price reflects multiple transactions in a range from $8.17 to $8.22 per share.

Insider Trade Summary 10b5-1

Net Seller: 16,153 shares ($132,122)

Net Sell 2 txns

Insider Darwish Mohamad

Role EVP, IHS Nigeria CEO

Sold 16,153 shs ($132K)

Type	Security	Shares	Price	Value
Sale	Ordinary Shares	16,153	$8.1794	$132K
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Ordinary Shares — 291,736 shares (Direct); Ordinary Shares — 1,620,294 shares (Indirect, By Trust)

Footnotes (1)

Shares were sold to cover taxes upon the vesting of restricted stock units ("RSUs") 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 $8.17 to $8.22, inclusive.

Form 4 Insider Transactions: What Each Field Means →

03/20/2026 - 04:03 PM

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^*

Darwish Mohamad

(Last)

(First)

(Middle)

1 CATHEDRAL PIAZZA

123 VICTORIA STREET

(Street)

LONDON

SW1E 5BP

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, IHS Nigeria CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares	03/18/2026		S⁽¹⁾		16,153	D	$8.1794⁽²⁾	291,736	D
Ordinary Shares								1,620,294	I	By 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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares were sold to cover taxes upon the vesting of restricted stock units ("RSUs") 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.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.17 to $8.22, inclusive.

	/s/ Mohamad Darwish	03/20/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did IHS (IHS) executive Darwish Mohamad report in this Form 4?

He reported selling 16,153 Ordinary Shares of IHS Holding Ltd on March 18, 2026. The sale was an open-market transaction tied to restricted stock unit vesting and related tax obligations under a mandatory Rule 10b5-1 trading instruction.

At what price did Darwish Mohamad sell IHS (IHS) shares in this transaction?

The reported weighted average sale price was $8.1794 per share. Footnotes explain that multiple trades occurred within a price range from $8.17 to $8.22 per share, resulting in the disclosed weighted average transaction price.

Why were the IHS (IHS) shares sold by EVP Darwish Mohamad?

The shares were sold to cover taxes due upon the vesting of restricted stock units. The sale followed a mandatory Rule 10b5-1 trading instruction contained in the award agreement adopted on May 26, 2023, in accordance with the Securities Exchange Act.

How many IHS (IHS) shares does Darwish Mohamad hold after the reported sale?

Following the sale, he directly owns 291,736 Ordinary Shares of IHS Holding Ltd. In addition, he has indirect ownership of 1,620,294 Ordinary Shares through a trust, as indicated by the separate indirect holding entry.