IPERIONX Ltd (NASDAQ: IPX) director adds 3,846 ADS in open-market buy

Q: What insider transaction did IPERIONX (IPX) report for director R Tony Tripeny?

Director R Tony Tripeny purchased 3,846 American Depository Shares (ADS) of IPERIONX on July 14, 2026. The filing describes this as an open-market purchase at $26 per ADS , increasing his direct ADS holdings to 8,033.

Q: At what price did R Tony Tripeny buy IPERIONX (IPX) ADS and how many does he now own?

R Tony Tripeny bought 3,846 ADS at $26.00 per ADS . Following this transaction, he directly owns 8,033 ADS , which are equivalent to and convertible into 80,330 ordinary shares based on the stated 1 ADS to 10 ordinary share ratio.

Q: How many IPERIONX (IPX) RSUs and ordinary shares does R Tony Tripeny hold after this filing?

After the reported transactions, R Tony Tripeny holds 51,010 Restricted Stock Units (RSUs) and 38,777 IPX ordinary shares directly. The RSUs and ordinary shares are in addition to his ADS position disclosed in the same Form 4 filing.

Q: When do R Tony Tripeny’s IPERIONX (IPX) RSUs vest according to the Form 4?

The filing states that 36,848 RSUs vest in December 2026 and 14,162 RSUs vest in December 2027 . These future vesting dates apply to portions of his 51,010 RSUs and indicate when they can convert into ordinary shares, subject to applicable terms.

Q: What is the relationship between IPERIONX (IPX) ADS and ordinary shares?

IPX American Depository Shares (ADS) are equivalent to and convertible into 10 IPX ordinary shares per ADS . The filing notes that ADS trade on NASDAQ, while IPX ordinary shares trade on the Australian Stock Exchange , linking the two markets.

Q: On which exchanges are IPERIONX (IPX) securities referenced in the Form 4 traded?

The Form 4 explains that IPX ordinary shares are traded on the Australian Stock Exchange , while IPX American Depository Shares (ADS) are traded on NASDAQ . One ADS represents 10 ordinary shares, providing cross-listing exposure for investors.

Filing Impact

(Neutral)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

IPERIONX Ltd director R Tony Tripeny bought 3,846 American Depository Shares (ADS) on July 14, 2026 at $26 per ADS in an open-market purchase. After the trade, he directly holds 8,033 ADS, 51,010 Restricted Stock Units and 38,777 IPX ordinary shares.

Insider Trade Summary

Net Buyer: 3,846 shares ($99,996)

Net Buy 3 txns

Insider Tripeny R Tony

Role Director

Bought 3,846 shs ($100K)

Type	Security	Shares	Price	Value
Purchase	American Depository Shares (ADS)	3,846	$26.00	$100K
holding	IPX Ordinary Shares	--	--	--
holding	Restricted Stock Units (RSUs)	--	--	--

Holdings After Transaction: American Depository Shares (ADS) — 8,033 shares (Direct); IPX Ordinary Shares — 38,777 shares (Direct); Restricted Stock Units (RSUs) — 51,010 shares (Direct)

Footnotes (1)

IPX Ordinary Shares are traded on the Australian Stock Exchange. 36,848 vest in December 2026; 14,162 vest in December 2027 IPX American Depository Shares (ADS) are traded on the NASDAQ. One ADS is equivalent to and convertible into 10 IPX Ordinary Shares (Ordinary Shares are traded on the Australian Stock Exchange). 3,846 ADS equivalent and convertible into 38,460 ordinary shares 8,033 ADS equivalent and convertible into 80,330 Ordinary Shares

Key Figures

ADS purchased: 3,846 ADS Purchase price per ADS: $26.00 ADS holdings after transaction: 8,033 ADS +5 more

8 metrics

ADS purchased 3,846 ADS Open-market ADS purchase on July 14, 2026 by director R Tony Tripeny

Purchase price per ADS $26.00 Price paid in the July 14, 2026 open-market ADS purchase

ADS holdings after transaction 8,033 ADS Total American Depository Shares directly owned by Tripeny after the reported transaction

RSUs outstanding 51,010 RSUs Restricted Stock Units directly held after transactions; 36,848 vest in December 2026 and 14,162 in December 2027

Ordinary shares holdings 38,777 ordinary shares IPX ordinary shares directly owned by Tripeny after the reported transactions

ADS to ordinary share ratio 1 ADS = 10 ordinary shares Each IPX American Depository Share is equivalent to and convertible into 10 ordinary shares

RSUs vesting December 2026 36,848 RSUs Portion of Tripeny’s RSUs scheduled to vest in December 2026

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

Key Terms

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

4 terms

Restricted Stock Units (RSUs) financial

"The filing reports 51,010 Restricted Stock Units (RSUs) held by the director."

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) are traded on NASDAQ and equal 10 ordinary shares."

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

"The 3,846 ADS transaction is described as an open-market purchase at $26 per ADS."

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.

vesting financial

"A footnote notes 36,848 RSUs and 14,162 RSUs vesting in December 2026 and 2027."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/15/2026 - 09:04 AM Accepted by SEC EDGAR 07/15/2026 - 09:04 AM

FAQ

What insider transaction did IPERIONX (IPX) report for director R Tony Tripeny?

Director R Tony Tripeny purchased 3,846 American Depository Shares (ADS) of IPERIONX on July 14, 2026. The filing describes this as an open-market purchase at $26 per ADS, increasing his direct ADS holdings to 8,033.

At what price did R Tony Tripeny buy IPERIONX (IPX) ADS and how many does he now own?

R Tony Tripeny bought 3,846 ADS at $26.00 per ADS. Following this transaction, he directly owns 8,033 ADS, which are equivalent to and convertible into 80,330 ordinary shares based on the stated 1 ADS to 10 ordinary share ratio.

How many IPERIONX (IPX) RSUs and ordinary shares does R Tony Tripeny hold after this filing?

After the reported transactions, R Tony Tripeny holds 51,010 Restricted Stock Units (RSUs) and 38,777 IPX ordinary shares directly. The RSUs and ordinary shares are in addition to his ADS position disclosed in the same Form 4 filing.

When do R Tony Tripeny’s IPERIONX (IPX) RSUs vest according to the Form 4?

The filing states that 36,848 RSUs vest in December 2026 and 14,162 RSUs vest in December 2027. These future vesting dates apply to portions of his 51,010 RSUs and indicate when they can convert into ordinary shares, subject to applicable terms.

What is the relationship between IPERIONX (IPX) ADS and ordinary shares?

IPX American Depository Shares (ADS) are equivalent to and convertible into 10 IPX ordinary shares per ADS. The filing notes that ADS trade on NASDAQ, while IPX ordinary shares trade on the Australian Stock Exchange, linking the two markets.

On which exchanges are IPERIONX (IPX) securities referenced in the Form 4 traded?

The Form 4 explains that IPX ordinary shares are traded on the Australian Stock Exchange, while IPX American Depository Shares (ADS) are traded on NASDAQ. One ADS represents 10 ordinary shares, providing cross-listing exposure for investors.

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^*

Tripeny R Tony

(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)
07/14/2026

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)
IPX Ordinary Shares⁽¹⁾								38,777	D
Restricted Stock Units (RSUs)								51,010⁽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)
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)
American Depository Shares (ADS)⁽³⁾	⁽³⁾	07/14/2026		P		3,846⁽⁴⁾		⁽³⁾	⁽³⁾	IPX Ordinary Shares⁽¹⁾	38,460	$26	8,033⁽⁵⁾	D

Explanation of Responses:

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

2. 36,848 vest in December 2026; 14,162 vest in December 2027

3. IPX American Depository Shares (ADS) are traded on the NASDAQ. One ADS is equivalent to and convertible into 10 IPX Ordinary Shares (Ordinary Shares are traded on the Australian Stock Exchange).

4. 3,846 ADS equivalent and convertible into 38,460 ordinary shares

5. 8,033 ADS equivalent and convertible into 80,330 Ordinary Shares

	Michael Spath, Attorney-in-fact for Tony Tripeny	07/15/2026
	** 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