Tripeny R Tony 4

What Happened

Tripeny R Tony, a director of IPERIONX Ltd (NASDAQ: IPX), acquired 4,187 American Depository Shares (ADS) in an open-market/private purchase on March 27, 2026. The ADS were bought at an average price of $23.76 per ADS for a total reported cost of $99,464. This transaction is a purchase (transaction code P), which insider buys often are seen as a more informative signal than routine sales.

Key Details

• Transaction date and price: 2026-03-27 — 4,187 ADS @ $23.76 (average) for $99,464 total. (Footnote: F2 = average purchase price.)
• Filing date: Form 4 filed 2026-03-30 (timely — within the standard two business days).
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: ADS trade on NASDAQ; 1 ADS = 10 ordinary shares (ordinary shares trade on ASX).
  • F3: Ordinary shares are listed on the Australian Stock Exchange.
  • F4: Related vesting schedule shown: 36,848 vest in Dec 2026; 14,162 vest in Dec 2027 (these vesting amounts appear tied to other awards, not the current open-market purchase).
• No 10b5-1 plan, gift, or option exercise was indicated for this transaction.

Context

Because these are ADS, the purchase represents a stake equivalent to 41,870 ordinary shares on an as-converted basis (4,187 ADS × 10). The filing shows a straightforward open-market acquisition rather than an exercise, grant, or transfer; purchases by directors can indicate confidence but do not guarantee future stock performance. The reported vesting figures in the footnotes relate to other awards and are not the same as this cash purchase.