STOCK TITAN

[Form 4] IREN Limited Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Very Negative)
Form Type
4
Rhea-AI Filing Summary

William Gregory Roberts, a director and Co-Chief Executive Officer of IREN Limited, filed a Form 4 reporting two derivative security transactions dated 09/03/2025 and 09/04/2025. The filings relate to options to purchase ordinary shares that expire on December 20, 2025. Each reported line shows 500,000 options with an exercise price of AUD $5.005 per share, converted using the transaction date exchange rate of USD $1.00 = AUD $1.53 (reported as USD $3.27 per option). The Form states the options are fully vested and exercisable and are held through Awassi Capital Trust #1, with the reporting person disclaiming beneficial ownership except for his pecuniary interest. The filing was signed by an attorney-in-fact on 09/05/2025.

William Gregory Roberts, direttore e Co-Amministratore Delegato di IREN Limited, ha presentato un Modulo 4 relativo a due operazioni su strumenti derivati datate 09/03/2025 e 09/04/2025. Le comunicazioni riguardano opzioni per l'acquisto di azioni ordinarie con scadenza il 20 dicembre 2025. Ogni riga riporta 500.000 opzioni con prezzo di esercizio di AUD $5.005 per azione, convertito usando il tasso di cambio della data della transazione di USD $1.00 = AUD $1.53 (segnalato come USD $3.27 per opzione). Il Modulo indica che le opzioni sono completamente maturate ed esercitabili e sono detenute tramite il Awassi Capital Trust #1, con la persona che effettua la segnalazione che declina la titolarità beneficiaria fatta eccezione per il suo interesse pecuniario. La dichiarazione è stata firmata da un procuratore il 09/05/2025.

William Gregory Roberts, director y Co-Director Ejecutivo de IREN Limited, presentó un Formulario 4 informando sobre dos transacciones de valores derivados fechadas el 09/03/2025 y el 09/04/2025. Las presentaciones se refieren a opciones para comprar acciones ordinarias que vencen el 20 de diciembre de 2025. Cada línea reportada muestra 500.000 opciones con un precio de ejercicio de AUD $5.005 por acción, convertido usando la tasa de cambio del día de la transacción de USD $1.00 = AUD $1.53 (reportado como USD $3.27 por opción). El Formulario indica que las opciones están totalmente devengadas y son ejercitables y se mantienen a través de Awassi Capital Trust #1, y la persona que informa renuncia a la propiedad beneficiaria salvo por su interés pecuniario. La presentación fue firmada por un apoderado el 09/05/2025.

William Gregory RobertsIREN Limited의 이사이자 공동 최고경영자로서 2025-09-032025-09-04자 두 건의 파생증권 거래를 신고하는 Form 4를 제출했습니다. 제출 내용은 2025년 12월 20일 만료되는 보통주 매수옵션에 관한 것입니다. 각 항목에는 행사가격이 AUD $5.005500,000옵션이 기재되어 있으며, 거래일 환율 USD $1.00 = AUD $1.53로 환산해 옵션당 USD $3.27로 보고되었습니다. 해당 서류는 옵션이 완전히 베스팅되어 행사 가능하며 Awassi Capital Trust #1을 통해 보유되고 있음을 밝히며, 신고인은 금전적 이익을 제외한 실소유권을 부인하고 있습니다. 제출은 2025-09-05에 대리인이 서명했습니다.

William Gregory Roberts, administrateur et co-directeur général de IREN Limited, a déposé un formulaire 4 signalant deux opérations sur instruments dérivés datées du 03/09/2025 et du 04/09/2025. Les déclarations concernent des options d'achat d'actions ordinaires expirant le 20 décembre 2025. Chaque ligne signalée indique 500 000 options au prix d'exercice de AUD $5.005 par action, converti au taux de change de la date de la transaction de USD $1.00 = AUD $1.53 (rapporté comme USD $3.27 par option). Le formulaire précise que les options sont entièrement acquises et exerçables et sont détenues via le Awassi Capital Trust #1, la personne déclarante déclinant la propriété bénéficiaire sauf pour son intérêt pécuniaire. Le dépôt a été signé par un mandataire le 05/09/2025.

William Gregory Roberts, Direktor und Co-Chief Executive Officer von IREN Limited, reichte ein Formular 4 ein, das zwei derivaten Wertpapiertransaktionen vom 03.09.2025 und 04.09.2025 meldet. Die Einreichungen betreffen Optionen zum Erwerb von Stammaktien mit Ablaufdatum 20. Dezember 2025. Jede gemeldete Zeile weist 500.000 Optionen mit einem Ausübungspreis von AUD $5.005 pro Aktie aus, umgerechnet zum Wechselkurs des Transaktionsdatums von USD $1.00 = AUD $1.53 (berichtet als USD $3.27 pro Option). Im Formular heißt es, die Optionen seien vollständig unverfallbar und ausübbar und würden über den Awassi Capital Trust #1 gehalten; die meldende Person weist die wirtschaftliche Eigentümerschaft mit Ausnahme ihres pecuniären Interesses zurück. Die Einreichung wurde am 05.09.2025 von einem Bevollmächtigten unterschrieben.

Positive
  • Options are fully vested and exercisable, giving the reporting person the right to acquire the underlying shares without additional vesting conditions
  • Clear disclosure of exercise price and exchange rate (AUD $5.005 per share; USD $1.00 = AUD $1.53) provides transparency on the option economics
  • Holdings are reported through Awassi Capital Trust #1, which clarifies the ownership vehicle
Negative
  • Reporting person disclaims beneficial ownership of the options except for pecuniary interest, which may limit clarity on control versus economic exposure
  • Form does not state whether any options were exercised for cash or resulted in share issuance, leaving post-transaction capital effect unclear

Insights

TL;DR: Routine disclosure of vested options held via a trust; no new cash paid or share sales disclosed in explanations.

The Form 4 documents two option positions each for 500,000 options exercisable into ordinary shares and expiring December 20, 2025. The exercise price is stated in Australian dollars and converted to U.S. dollars using the stated exchange rate. The options are fully vested and held through Awassi Capital Trust #1, and the reporting person disclaims beneficial ownership beyond pecuniary interest. For investors this is a standard insider holdings disclosure rather than an operational or financial performance event; it does not report revenue, debt, or changes to capital structure.

TL;DR: Disclosure follows Section 16 reporting norms; ownership via a trust and disclaimer are notable for governance transparency.

The filing clearly identifies the reporting person as a director and Co-CEO and discloses the options are held in Awassi Capital Trust #1 with a disclaimer of beneficial ownership except for pecuniary interest. Such language and the use of an attorney-in-fact signature are common for holdings held in managed trusts. The filing provides necessary transparency on executive remuneration instruments but does not indicate any change in control, insider sales, or exercises resulting in share issuance visible in the explanation section.

William Gregory Roberts, direttore e Co-Amministratore Delegato di IREN Limited, ha presentato un Modulo 4 relativo a due operazioni su strumenti derivati datate 09/03/2025 e 09/04/2025. Le comunicazioni riguardano opzioni per l'acquisto di azioni ordinarie con scadenza il 20 dicembre 2025. Ogni riga riporta 500.000 opzioni con prezzo di esercizio di AUD $5.005 per azione, convertito usando il tasso di cambio della data della transazione di USD $1.00 = AUD $1.53 (segnalato come USD $3.27 per opzione). Il Modulo indica che le opzioni sono completamente maturate ed esercitabili e sono detenute tramite il Awassi Capital Trust #1, con la persona che effettua la segnalazione che declina la titolarità beneficiaria fatta eccezione per il suo interesse pecuniario. La dichiarazione è stata firmata da un procuratore il 09/05/2025.

William Gregory Roberts, director y Co-Director Ejecutivo de IREN Limited, presentó un Formulario 4 informando sobre dos transacciones de valores derivados fechadas el 09/03/2025 y el 09/04/2025. Las presentaciones se refieren a opciones para comprar acciones ordinarias que vencen el 20 de diciembre de 2025. Cada línea reportada muestra 500.000 opciones con un precio de ejercicio de AUD $5.005 por acción, convertido usando la tasa de cambio del día de la transacción de USD $1.00 = AUD $1.53 (reportado como USD $3.27 por opción). El Formulario indica que las opciones están totalmente devengadas y son ejercitables y se mantienen a través de Awassi Capital Trust #1, y la persona que informa renuncia a la propiedad beneficiaria salvo por su interés pecuniario. La presentación fue firmada por un apoderado el 09/05/2025.

William Gregory RobertsIREN Limited의 이사이자 공동 최고경영자로서 2025-09-032025-09-04자 두 건의 파생증권 거래를 신고하는 Form 4를 제출했습니다. 제출 내용은 2025년 12월 20일 만료되는 보통주 매수옵션에 관한 것입니다. 각 항목에는 행사가격이 AUD $5.005500,000옵션이 기재되어 있으며, 거래일 환율 USD $1.00 = AUD $1.53로 환산해 옵션당 USD $3.27로 보고되었습니다. 해당 서류는 옵션이 완전히 베스팅되어 행사 가능하며 Awassi Capital Trust #1을 통해 보유되고 있음을 밝히며, 신고인은 금전적 이익을 제외한 실소유권을 부인하고 있습니다. 제출은 2025-09-05에 대리인이 서명했습니다.

William Gregory Roberts, administrateur et co-directeur général de IREN Limited, a déposé un formulaire 4 signalant deux opérations sur instruments dérivés datées du 03/09/2025 et du 04/09/2025. Les déclarations concernent des options d'achat d'actions ordinaires expirant le 20 décembre 2025. Chaque ligne signalée indique 500 000 options au prix d'exercice de AUD $5.005 par action, converti au taux de change de la date de la transaction de USD $1.00 = AUD $1.53 (rapporté comme USD $3.27 par option). Le formulaire précise que les options sont entièrement acquises et exerçables et sont détenues via le Awassi Capital Trust #1, la personne déclarante déclinant la propriété bénéficiaire sauf pour son intérêt pécuniaire. Le dépôt a été signé par un mandataire le 05/09/2025.

William Gregory Roberts, Direktor und Co-Chief Executive Officer von IREN Limited, reichte ein Formular 4 ein, das zwei derivaten Wertpapiertransaktionen vom 03.09.2025 und 04.09.2025 meldet. Die Einreichungen betreffen Optionen zum Erwerb von Stammaktien mit Ablaufdatum 20. Dezember 2025. Jede gemeldete Zeile weist 500.000 Optionen mit einem Ausübungspreis von AUD $5.005 pro Aktie aus, umgerechnet zum Wechselkurs des Transaktionsdatums von USD $1.00 = AUD $1.53 (berichtet als USD $3.27 pro Option). Im Formular heißt es, die Optionen seien vollständig unverfallbar und ausübbar und würden über den Awassi Capital Trust #1 gehalten; die meldende Person weist die wirtschaftliche Eigentümerschaft mit Ausnahme ihres pecuniären Interesses zurück. Die Einreichung wurde am 05.09.2025 von einem Bevollmächtigten unterschrieben.

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*
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)
09/03/2025
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
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
Stock Options (Right to Buy)(1) $3.27(2) 09/03/2025 S 500,000 (3) 12/20/2025 Ordinary Shares 500,000 $25.49 500,000 I By Awassi Capital Trust #1(4)
Stock Options (Right to Buy)(1) $3.27(2) 09/04/2025 S 500,000 (3) 12/20/2025 Ordinary Shares 500,000 $23.51 0 I By Awassi Capital Trust #1(4)
Explanation of Responses:
1. Represents options to purchase ordinary shares of IREN Limited that expire on December 20, 2025 ("Options").
2. The exercise price of each Option is payable in Australian dollars at AUD $5.005 per share and converted into U.S. dollars using the transaction date exchange rate of USD $1.00 = AUD $1.53.
3. The Options are fully vested and exercisable.
4. The Options are held through the Awassi Capital Trust #1. The Reporting Person disclaims beneficial ownership of the Options except to the extent of his pecuniary interest therein.
Remarks:
Exhibit 24 - Power of Attorney
/s/ Cesilia Kim, attorney-in-fact for William Roberts 09/05/2025
** 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 did William Gregory Roberts report on the IREN (IREN) Form 4?

The Form 4 reports two derivative security entries relating to options to purchase ordinary shares, each for 500,000 options expiring December 20, 2025.

What is the exercise price of the options reported for IREN?

The exercise price is AUD $5.005 per share, converted using the transaction exchange rate of USD $1.00 = AUD $1.53, reported as USD $3.27 per option.

Are the reported options vested and exercisable?

Yes. The filing explicitly states the Options are fully vested and exercisable.

How are the options held according to the Form 4?

The options are held through Awassi Capital Trust #1, and the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.

Who signed the Form 4 for William Roberts and when?

The Form 4 was signed by Cesilia Kim, attorney-in-fact for William Roberts on 09/05/2025.
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