IPERIONX director buys 4,755 ADS in open market

IPERIONX Ltd director Lorraine M. Martin bought 4,755 American Depository Shares (ADS) in an open-market purchase.

Rhea-AI Filing Summary

IPERIONX Ltd director Lorraine M. Martin bought 4,755 American Depository Shares (ADS) in an open-market purchase. The ADS were acquired at an average price of $31.4647 per ADS, and each ADS is equivalent to ten Ordinary Shares, or 47,550 Ordinary Shares in total.

After this transaction, Martin directly holds 4,755 ADS, 1,177,138 Ordinary Shares traded on the ASX, and 90,216 Restricted Stock Units (RSUs). According to the filing, 76,054 RSUs vest in December 2026 and 14,162 RSUs vest in December 2027, reflecting a sizable ongoing equity stake tied to future performance and service.

Insider Trade Summary

Net Buyer: 4,755 shares

Net Buy 3 txns

Insider Martin Lorraine M

Role Director

Bought 4,755 shs ($150K)

Type	Security	Shares	Price	Value
Purchase	American Depository Shares	4,755	$31.4647	$150K
holding	Ordinary Shares	--	--	--
holding	Restricted Stock Units (RSUs)	--	--	--

Holdings After Transaction: American Depository Shares — 4,755 contracts (Direct); Ordinary Shares — 1,177,138 shares (Direct); Restricted Stock Units (RSUs) — 90,216 shares (Direct)

Footnotes (5)

1. F1. Ordinary Shares are traded on the Australian Stock Exchange (ASX).
2. F2. 76,054 vest in December 2026; 14,162 vest in December 2027
3. F3. American Depository Shares are traded on the Nasdaq
4. F4. One ADS is equivalent and exchangeable into ten ordinary shares
5. F5. This is an average price of the American Depository Shares purchased.

Key Figures

ADS purchased: 4,755 ADS Average ADS price: $31.4647 per ADS ADS to Ordinary ratio: 1 ADS = 10 Ordinary Shares +5 more

8 metrics

ADS purchased 4,755 ADS Open-market purchase on April 28, 2026

Average ADS price $31.4647 per ADS Average purchase price for ADS bought

ADS to Ordinary ratio 1 ADS = 10 Ordinary Shares Equivalence between ADS and Ordinary Shares

Ordinary Shares from ADS 47,550 Ordinary Shares Underlying shares represented by 4,755 ADS

Ordinary Shares held 1,177,138 Ordinary Shares Direct Ordinary Share holdings after transaction

RSUs held 90,216 RSUs Restricted Stock Units outstanding post-transaction

RSUs vesting 2026 76,054 RSUs Units scheduled to vest in December 2026

RSUs vesting 2027 14,162 RSUs Units scheduled to vest in December 2027

Key Terms

Restricted Stock Units (RSUs), American Depository Shares, open-market purchase, Ordinary Shares, +1 more

5 terms

Restricted Stock Units (RSUs) financial

"The director holds 90,216 Restricted Stock Units (RSUs)."

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

American Depository Shares financial

"IPERIONX reported that Lorraine M. Martin bought 4,755 American Depository Shares."

American depository shares are U.S.-listed securities that stand in for a foreign company’s ordinary shares, held by a U.S. bank which issues the ADS so investors can trade the foreign stock in U.S. dollars and on U.S. exchanges. Think of them like a locally wrapped version of a foreign product—easier to buy and sell at home—but they still carry risks from currency differences, foreign rules and potential limits on voting rights, so they affect access, liquidity and investment risk.

open-market purchase financial

"The 4,755 ADS were acquired in an open-market purchase."

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

Ordinary Shares financial

"Each American Depository Share is equivalent to ten Ordinary Shares."

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

average price financial

"The ADS were purchased at an average price of $31.4647 per ADS."

FAQ

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

What insider transaction did IPERIONX (IPX) report for Lorraine M. Martin?

IPERIONX reported that director Lorraine M. Martin bought 4,755 American Depository Shares (ADS) in an open-market transaction. This purchase increased her ADS holdings to 4,755, representing additional exposure to the company’s equity.

At what price did the IPERIONX (IPX) director buy the 4,755 ADS?

The 4,755 ADS were purchased at an average price of $31.4647 per ADS. The filing notes this figure as an average purchase price, indicating multiple fills that together produced this blended cost basis.

How many Ordinary Shares do the purchased ADS of IPERIONX (IPX) represent?

Each American Depository Share of IPERIONX is equivalent to ten Ordinary Shares. The purchase of 4,755 ADS therefore corresponds to 47,550 Ordinary Shares, expanding the director’s economic interest in the underlying equity.

What are Lorraine M. Martin’s total Ordinary Share holdings in IPERIONX (IPX) after the trade?

Following the reported transactions, Lorraine M. Martin directly holds 1,177,138 Ordinary Shares of IPERIONX. These Ordinary Shares trade on the Australian Stock Exchange (ASX), separate from the company’s ADS listed on Nasdaq.

How many RSUs does the IPERIONX (IPX) director hold and when do they vest?

The director holds 90,216 Restricted Stock Units (RSUs). According to the filing, 76,054 RSUs vest in December 2026 and 14,162 RSUs vest in December 2027, providing scheduled future share delivery tied to continued service.

On which exchanges are IPERIONX (IPX) securities traded according to the filing?

The filing states that Ordinary Shares of IPERIONX trade on the Australian Stock Exchange (ASX), while American Depository Shares trade on the Nasdaq. ADS give U.S. investors exposure to the underlying Ordinary Shares.

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

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Accepted by SEC EDGAR 04/30/2026 - 08:06 AM 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^*

Martin Lorraine M

(Last) (First) (Middle)

1092 CONFROY DRIVE

(Street)

SOUTH BOSTON VIRGINIA 24592

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
IPERIONX Ltd [ IPX ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/28/2026

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(1)								1,177,138	D
Restricted Stock Units (RSUs)								90,216(2)	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
American Depository Shares(3)(4)	(4)	04/28/2026		P		4,755		(4)	(4)	Ordinary Shares(1)	47,550	$31.4647(5)	4,755	D

Explanation of Responses:

1. Ordinary Shares are traded on the Australian Stock Exchange (ASX).

2. 76,054 vest in December 2026; 14,162 vest in December 2027

3. American Depository Shares are traded on the Nasdaq

4. One ADS is equivalent and exchangeable into ten ordinary shares

5. This is an average price of the American Depository Shares purchased.

	Michael Spath, Attorney-in-fact for Lorraine Martin	04/30/2026
	** 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)