IPERIONX director buys 4,100 ADS on open market

IPERIONX Ltd director Lorraine M. Martin purchased 4,100 American Depository Shares (ADS) of IPX at $24.51 per ADS in an open-market transaction on July 10, 2026.

Rhea-AI Filing Summary

IPERIONX Ltd director Lorraine M. Martin purchased 4,100 American Depository Shares (ADS) of IPX at $24.51 per ADS in an open-market transaction on July 10, 2026. Following the trade, she holds 8,855 ADS, 1,177,138 ordinary shares and 90,216 RSUs, with 76,054 RSUs vesting in December 2026 and 14,162 in December 2027. Each ADS is equivalent to 10 ordinary shares.

Filing Explained

The disclosure records an insider’s direct ADS purchase and a larger post-transaction holding, without reporting an issuer-level capital-structure change.

The July 10 Form 4 reports a director’s acquisition of 4,100 American Depository Shares (ADS), with the filing showing 8,855 ADS held directly afterward; it is an insider ownership update rather than a disclosed issuer-level financing or share issuance.

Under the supplied Form 4 code definitions, code P identifies an open-market purchase. The filing lists the transaction at $24.51 and states that one ADS is exchangeable for 10 ordinary shares. The filing also states that 8,855 ADS represent 88,550 ordinary shares.

Insider Trade Summary

Net Buyer: 4,100 shares

Net Buy 3 txns

Insider Martin Lorraine M

Role Director

Bought 4,100 shs ($100K)

Type	Security	Shares	Price	Value
Purchase	American Depository Shares (ADS) F3, F1, F4	4,100	$24.51	$100K
holding	IPX Ordinary Shares F1	--	--	--
holding	Restricted Stock Units (RSUs) F2	--	--	--

Holdings After Transaction: American Depository Shares (ADS) — 8,855 contracts (Direct); IPX Ordinary Shares — 1,177,138 shares (Direct); Restricted Stock Units (RSUs) — 90,216 shares (Direct)

Footnotes (4)

1. F1. IPX Ordinary Shares are traded on the Australian Stock Exchange.
2. F2. 76,054 vest in December 2026; 14,162 vest in December 2027.
3. F3. IPX American Depository Shares (ADS) trade on the NASDAQ. One ADS is equivalent to and exchangeable into 10 IPX Ordinary Shares (ordinary shares trade on the Australian stock exchange).
4. F4. 8,855 ADS = 88,550 ordinary shares

Key Figures

ADS purchased: 4,100 ADS Purchase price: $24.51 per ADS ADS holdings after: 8,855 ADS +5 more

8 metrics

ADS purchased 4,100 ADS Open-market purchase on July 10, 2026 at $24.51 per ADS

Purchase price $24.51 per ADS Price paid for 4,100 ADS on July 10, 2026

ADS holdings after 8,855 ADS ADS position following the July 10, 2026 transaction

Underlying ordinary shares for ADS bought 41,000 ordinary shares Ordinary shares underlying the 4,100 ADS acquired on July 10, 2026

Ordinary shares held 1,177,138 ordinary shares Directly held IPX ordinary shares after July 10, 2026

RSUs held 90,216 RSUs Restricted Stock Units position with vesting through December 2027

RSUs vesting December 2026 76,054 RSUs Portion of RSUs scheduled to vest in December 2026

RSUs vesting December 2027 14,162 RSUs Portion of RSUs scheduled to vest in December 2027

Key Terms

Restricted Stock Units (RSUs), American Depository Shares (ADS), open-market purchase

3 terms

Restricted Stock Units (RSUs) financial

"security_title "Restricted Stock Units (RSUs)" appears in the transactions table"

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 (ADS) financial

"IPX American Depository Shares (ADS) trade on the NASDAQ."

American Depository Shares (ADS) are U.S.-listed securities issued by a bank that represent ownership of a specified number of shares in a foreign company, letting investors buy and sell that company in U.S. dollars on U.S. exchanges. They matter because they make it easier to invest in foreign firms—like buying a locally labeled product instead of importing it—affecting liquidity, dividend payments, regulatory disclosure and exposure to currency swings.

open-market purchase financial

"transaction_action "open-market purchase" describes the ADS acquisition"

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.

FAQ

What insider share purchase did IPERIONX (IPX) report on July 10, 2026?

Director Lorraine M. Martin bought 4,100 American Depository Shares (ADS) of IPERIONX at $24.51 per ADS in an open-market transaction on July 10, 2026, increasing her ADS position as disclosed in the filing.

How many IPERIONX (IPX) ADS does director Lorraine M. Martin now own?

After the transaction, Lorraine M. Martin holds 8,855 ADS. Footnotes state that 8,855 ADS equal 88,550 ordinary shares, reflecting the 10:1 ADS-to-ordinary-share ratio for IPERIONX.

What ordinary share holdings does the IPERIONX (IPX) director report?

Lorraine M. Martin directly holds 1,177,138 IPX ordinary shares, traded on the Australian Stock Exchange. She also owns 8,855 ADS, which are exchangeable into 88,550 ordinary shares, providing additional exposure to IPERIONX equity.

What RSU awards in IPERIONX (IPX) does Lorraine M. Martin hold and when do they vest?

She holds 90,216 Restricted Stock Units (RSUs). Footnotes specify that 76,054 RSUs vest in December 2026 and 14,162 RSUs vest in December 2027, representing future scheduled equity compensation in IPERIONX.

Where are IPERIONX (IPX) ordinary shares and ADS traded?

IPERIONX ordinary shares trade on the Australian Stock Exchange, while IPX American Depository Shares (ADS) trade on the NASDAQ. Each ADS is equivalent to 10 ordinary shares according to the disclosed ADS ratio.

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Available on EDGAR 07/13/2026 - 07:59 PM Accepted by SEC EDGAR 07/13/2026 - 07:59 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^*

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)
07/10/2026

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
IPX 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 (ADS)(3)	(3)	07/10/2026		P		4,100		(3)	(3)	Ordinary Shares(1)	41,000(3)	$24.51	8,855(3)(4)	D

Explanation of Responses:

1. IPX Ordinary Shares are traded on the Australian Stock Exchange.

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

3. IPX American Depository Shares (ADS) trade on the NASDAQ. One ADS is equivalent to and exchangeable into 10 IPX Ordinary Shares (ordinary shares trade on the Australian stock exchange).

4. 8,855 ADS = 88,550 ordinary shares

	Michael Spath, Attorney-in-fact for Lorraine Martin	07/13/2026
	** 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)