Hannigan Todd 4

What Happened
Todd Hannigan, a director of IPERIONX Ltd (ASX: IPX), acquired 225,225 ordinary shares on March 27, 2026 via an open-market purchase. The filing reports an average purchase price of A$3.20 per share, for a total cost of approximately A$720,923 (amounts in Australian dollars). This was a straight purchase (transaction code P), not a sale or option exercise.

Key Details

• Transaction date: 2026-03-27 (reported on Form 4 filed 2026-03-30)
• Shares purchased: 225,225 ordinary shares
• Price: A$3.20 per share (average price, per filing)
• Total reported value: ~A$720,923
• Transaction type: Open-market purchase (code P)
• Shares owned after transaction: not specified in this filing
• Footnotes of note:
  • Ordinary shares trade on the ASX (F1); amounts reported in Australian dollars (F3).
  • F2 confirms the reported price is an average purchase price.
  • F4 notes IPERIONX American Depositary Shares (ADS) on Nasdaq convert at 1 ADS = 10 ordinary shares (informational).
  • F5 lists scheduled vesting of existing awards: 159,334 shares vest Dec 2026; 295,130 vest Apr 2028.
• Timeliness: Filed Mar 30 for a Mar 27 trade — filed the next business day (timely under the reporting rule).

Context
This is a straightforward insider purchase rather than an option exercise, gift, or sale. Insider buys are often watched by investors as a data point on officer/director convictions, but the filing provides no statement of motive. No indication in the filing of a 10b5‑1 plan or tax-withholding transaction associated with this purchase.