IHS officer gains 145,310 shares via RSU and grant

IHS Holding Ltd officer William Saad reported equity compensation-related transactions involving restricted stock units and ordinary shares.

Rhea-AI Filing Summary

IHS Holding Ltd officer William Saad reported equity compensation-related transactions involving restricted stock units and ordinary shares. On April 6, 2026, he exercised 13,298 restricted stock units, each convertible into one ordinary share, resulting in the acquisition of 13,298 ordinary shares. The filing also shows a separate grant or award of 132,012 ordinary shares as additional compensation, all at a stated price of $0.00 per share.

After these transactions, Saad directly held 422,004 ordinary shares. The filing also lists an indirect holding of 3,466,169 ordinary shares held "By Trust." Footnotes state the RSUs had fully vested, meaning the underlying shares were earned under prior compensation terms rather than bought on the open market.

Insider Trade Summary

13,298 shares exercised/converted

Exercise 4 txns

Insider Saad William

Role See Remarks

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	13,298	$0.00	$0.00
Exercise	Ordinary Shares	13,298	$0.00	$0.00
Grant/Award	Ordinary Shares	132,012	$0.00	$0.00
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Ordinary Shares — 422,004 shares (Direct); Ordinary Shares — 3,466,169 shares (Indirect, By Trust)

Footnotes (2)

1. F1. Each restricted stock unit ("RSU") represents a contingent right to receive one Ordinary Share.
2. F2. The RSUs have fully vested.

Key Figures

RSUs exercised: 13,298 units Shares from RSU exercise: 13,298 ordinary shares Share grant/award: 132,012 ordinary shares +3 more

6 metrics

RSUs exercised 13,298 units Converted into ordinary shares on April 6, 2026

Shares from RSU exercise 13,298 ordinary shares Received upon RSU conversion

Share grant/award 132,012 ordinary shares Awarded as equity compensation on April 6, 2026

Direct holdings after transactions 422,004 ordinary shares Direct ownership following April 6, 2026 events

Indirect trust holdings 3,466,169 ordinary shares Shares held indirectly by trust

Exercise price $0.00 per share Stated for RSU-related ordinary shares

Key Terms

Restricted Stock Units, RSUs have fully vested, Grant, award, or other acquisition, Exercise or conversion of derivative security, +1 more

5 terms

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.

RSUs have fully vested financial

"The RSUs have fully vested."

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

Exercise or conversion of derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

By Trust financial

"nature_of_ownership": "By Trust""

FAQ

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

What insider transactions did William Saad report for IHS on April 6, 2026?

William Saad reported exercising 13,298 restricted stock units into ordinary shares and receiving a separate grant of 132,012 ordinary shares. All transactions occurred on April 6, 2026 and reflect equity compensation events rather than open-market buying or selling activity.

How many IHS ordinary shares does William Saad hold after these Form 4 transactions?

After the reported transactions, William Saad directly holds 422,004 IHS ordinary shares. The filing also shows an additional 3,466,169 ordinary shares held indirectly by a trust, giving investors a clearer view of his overall equity exposure to IHS Holding Ltd.

Were the IHS restricted stock units reported by William Saad fully vested?

Yes. A footnote explains each RSU represents one ordinary share and that the RSUs had fully vested. This means the 13,298 units had already met their service or performance conditions before being converted into ordinary IHS shares on April 6, 2026.

Did William Saad buy or sell IHS shares on the open market in this Form 4?

No open-market purchases or sales are reported. The filing shows an exercise of 13,298 restricted stock units and a grant of 132,012 ordinary shares at a stated price of $0.00 per share, indicating compensation-related acquisitions, not market trades.

What does the trust holding of IHS shares for William Saad represent?

The Form 4 lists 3,466,169 IHS ordinary shares held indirectly "By Trust." This indicates a significant additional position associated with Saad through a trust structure, complementing his 422,004 directly held shares and expanding his overall economic exposure to the company.

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

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Accepted by SEC EDGAR 04/08/2026 - 05:16 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^*

Saad William

(Last) (First) (Middle)

1 CATHEDRAL PIAZZA

123 VICTORIA STREET

(Street)

LONDON SW1E 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/06/2026

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
Ordinary Shares	04/06/2026		M		13,298	A	(1)	289,992	D
Ordinary Shares	04/06/2026		A		132,012	A	$0	422,004	D
Ordinary Shares								3,466,169	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	04/06/2026		M			13,298	(2)	(2)	Ordinary Shares	13,298	$0	0	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one Ordinary Share.

2. The RSUs have fully vested.

Remarks:

EVP, Group Chief Operating Officer

	/s/ William Saad	04/08/2026
	** 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)