[Form 3] IREN Limited Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Colony Bankcorp, Inc. (CBAN) – Form 4 insider transaction filed 07/02/2025.

CFO Derek Shelnutt reported an “F” transaction code, indicating the surrender of shares to satisfy withholding taxes upon the vesting of restricted stock.

• Shares withheld: 863 common shares at an implied value of $16.53 each (≈ $14.3 thousand).
• Post-transaction holdings: 9,357 shares held directly; 4,786 shares held indirectly through the 401(k) plan, for a total economic interest of 14,143 shares.

No derivative securities were reported, and there were no open-market purchases or sales. The filing is routine, reflecting tax-related share withholding rather than a discretionary sale, and does not materially alter insider ownership or signal a change in strategic outlook.

Insights

SEC Filings Specialist

TL;DR: Routine tax-withholding entry; no market signal.

Code “F” denotes shares withheld by the issuer to cover taxes on vested equity. Such transactions do not involve cash proceeds to the insider and are generally considered neutral. Shelnutt retains more than 14 k shares, maintaining exposure to CBAN’s equity. No derivatives or plan trades were disclosed, and the ownership structure remains stable.

Portfolio Manager

TL;DR: Insignificant for valuation; monitor but no action.

The CFO’s remaining stake suggests ongoing alignment, and the withheld amount (≈0.1% of common shares outstanding) is immaterial to float or sentiment. There is no indication of insider bearishness, so the event does not impact investment thesis or portfolio weighting.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
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1. Name and Address of Reporting Person^*

ALFRED MICHAEL

(Last) (First) (Middle)

C/O IREN LIMITED

LEVEL 6, 55 MARKET STREET

(Street)

SYDNEY C3 2000

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/01/2025

3. Issuer Name and Ticker or Trading Symbol
IREN Ltd [ IREN ]

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

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

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares	81,781(1)	D
Ordinary Shares	750,461	I	By Alpine Fox LP(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (Right to Buy)	(3)	10/22/2031	Ordinary Shares	14,266	$36.45	D

Explanation of Responses:

1. Includes ordinary shares of IREN Limited (each, an "Ordinary Share") and outstanding restricted stock units that will vest subject to the Reporting Person's satisfaction of applicable vesting conditions.

2. Represents Ordinary Shares held through Alpine Fox LP, over which the Reporting Person has control. The Reporting Person disclaims beneficial ownership of the Ordinary Shares except to the extent of his pecuniary interest therein.

3. Represents an option to purchase Ordinary Shares (each, an "Option"). 4,755 of the Options are fully vested and exercisable and 4,756 Options will vest on October 22, 2025 and 4,755 Options will vest on October 22, 2026.

	/s/ Cesilia Kim, attorney-in-fact for Michael Alfred	07/03/2025
	** 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 5 (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.

FAQ

What did CBAN's Form 4 on 07/02/2025 disclose?

CFO Derek Shelnutt surrendered 863 shares at $16.53 via code “F” to pay taxes on vested stock.

How many Colony Bankcorp shares does the CFO now hold?

After the filing, he owns 9,357 directly and 4,786 indirectly, totaling 14,143 shares.

What does transaction code “F” mean in a Form 4?

Code “F” reflects shares withheld by the issuer to satisfy tax obligations; it is not an open-market sale.

Did the Form 4 report any options or derivative activity?

No. Table II was blank, indicating no derivative securities were acquired or disposed.

Is this insider transaction considered bullish or bearish for CBAN?

Neither; it is a routine, tax-related withholding and carries neutral investment significance.