ALFRED MICHAEL 4

What Happened Alfred Michael, a director of IREN Ltd (ticker: IREN), was granted 6,657 restricted stock units (RSUs) on July 1, 2026. The Form 4 records an acquisition of 6,657 shares at $0.00 (grant), so the reported acquisition value is $0.00. This is an award/compensation grant (code A), not an open‑market purchase or sale, and the RSUs will vest only if applicable vesting conditions are met (see footnote F1).

Key Details

• Transaction date and price: 2026-07-01 — 6,657 RSUs granted at $0.00 each (acquisition code A).
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: RSUs will vest subject to the reporting person’s satisfaction of applicable vesting conditions.
  • F2: Notes Ordinary Shares held through Alpine Fox LP, over which the reporting person has control; he disclaims beneficial ownership except to the extent of his pecuniary interest.
• Filing timeliness: Report filed 2026-07-01 (same day as the reported transaction), indicating a timely filing.

Context RSU grants are a common form of equity compensation and do not represent immediate cash proceeds or an immediate change in marketable share position until they vest and convert to ordinary shares. The economic value to the insider will depend on IREN’s share price at vesting and any tax or withholding rules that apply. The Alpine Fox LP note indicates additional holdings under the reporting person’s control but does not by itself change the nature of this RSU grant.