[Form 4] IREN Limited Insider Trading Activity

Rhea-AI Filing Summary

William G. Roberts, Co-Chief Executive Officer and Director of IREN Ltd (IREN), reported a sale of ordinary shares on 09/11/2025. The Form 4 shows a disposition of 1,000,000 ordinary shares at a price of $33.131 per share. Following the transaction, the reporting person is recorded as beneficially owning 13,989,696 ordinary shares indirectly through Awassi Capital Trust #1, over which he has control of the trustee. The filing disclaims direct beneficial ownership except to the extent of his pecuniary interest in the trust.

Positive

• None.

Negative

• The reporting person disposed of 1,000,000 ordinary shares of IREN at $33.131 per share on 09/11/2025.
• Post-transaction beneficial ownership is recorded as 13,989,696 ordinary shares held indirectly through Awassi Capital Trust #1.

Insights

Financial Analyst

TL;DR Insider sale of 1,000,000 IREN shares reported; significant indirect ownership remains via trust.

The Form 4 documents a single, non-derivative disposition by William G. Roberts of 1,000,000 ordinary shares at $33.131 on 09/11/2025. Post-transaction holdings are shown as 13,989,696 shares held indirectly through Awassi Capital Trust #1. For valuation context, the transaction price can be used to approximate proceeds, but the filing does not state motives, use of proceeds, or any change in trustee control beyond the stated control over the trustee.

Corporate Governance Expert

TL;DR Director and Co-CEO executed a sizable sale while retaining significant indirect ownership via a controlled trust.

The disclosure identifies Roberts as both a director and Co-Chief Executive Officer and specifies that the reported shares and restricted stock units are held through Awassi Capital Trust #1, which he controls. The report includes the required signature by an attorney-in-fact. The form does not include any 10b5-1 plan notation or additional explanatory conditions.

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

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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^*

Roberts William Gregory

(Last) (First) (Middle)

C/O IREN LIMITED

LEVEL 6, 55 MARKET STREET

(Street)

SYDNEY C3 2000

(City) (State) (Zip)

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

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2025

4. 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 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	09/11/2025		S		1,000,000	D	$33.131	13,989,696	I	By Awassi Capital Trust #1(1)

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

Explanation of Responses:

1. Represents ordinary shares of IREN Limited and restricted stock units held through the Awassi Capital Trust #1, of which the Reporting Person has control over the trustee. The Reporting Person disclaims beneficial ownership of the ordinary shares and restricted stock units, except to the extent of his pecuniary interest therein.

	/s/ Cesilia Kim, attorney-in-fact for William G. Roberts	09/11/2025
	** 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 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.

FAQ

What transaction did William G. Roberts report on Form 4 for IREN (IREN)?

He reported a disposition of 1,000,000 ordinary shares on 09/11/2025 at a price of $33.131 per share.

How many IREN shares does William G. Roberts beneficially own after the reported sale?

Following the reported transaction he is shown as beneficially owning 13,989,696 ordinary shares indirectly.

Through what vehicle are the shares held?

The shares and restricted stock units are held through Awassi Capital Trust #1, over which the reporting person has control of the trustee.

What is William G. Roberts' role at IREN as listed on the Form 4?

He is listed as a Director and Co-Chief Executive Officer of IREN Limited.