Symonds Toby Edgcumbe 4

What Happened

• Toby Edgcumbe Symonds, President of IPERIONX Ltd (IPX), acquired 11,000 shares via an open-market or private purchase (transaction code P) on 2026-03-27.
• The reported average purchase price was $23.87 per share, for a total reported cost of $262,552. This is a purchase (a net buy), which investors often view as a more informative/positive signal than a sale.

Key Details

• Transaction date: 2026-03-27; Filing date: 2026-03-30.
• Price: $23.87 (average purchase price per footnote F2); Total reported value: $262,552.
• Security: American Depositary Shares (ADS) per footnote F1 — one ADS is convertible into 10 ordinary shares, so 11,000 ADS represents the economic equivalent of ~110,000 ordinary shares on the ASX.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: ADS trade on NASDAQ; 1 ADS = 10 ordinary shares (ordinary shares trade on the Australian Securities Exchange — F3).
  • F2: $23.87 is the average purchase price.
  • F4: Indicates existing awards with vesting: 302,666 vest Dec 2026; 400,533 vest Apr 2028.
  • F5: References Australian dollars (noting the company also has ASX-listed ordinary shares).
• No late‑filing flag is indicated in the information you provided (transaction filed 3 days after the trade); check the EDGAR record for official timeliness status.

Context

• The purchase was of ADS (U.S.-traded depositary receipts). ADS purchases are a direct buy of the NASDAQ-listed instrument; each ADS corresponds to underlying ordinary shares on the ASX.
• This was a straight buy (code P) rather than an option exercise, gift, or withholding-related transfer — a straightforward insider purchase. As always, purchases signal that the insider put personal capital into the company but do not prove the motive or future performance.