Darwal Michael Joseph 4

What Happened Darwal Michael Joseph, IBEX's Chief AI & Digital Officer, reported both a small sale and two awards in filings covering Feb 6–11, 2026. On Feb 6 he disposed of 1,660 shares in an open-market sale at $34.98 each for proceeds of $58,067. He also acquired 12,149 shares on Feb 6 (restricted/performance stock vesting) and was granted 25,000 Restricted Stock Units (RSUs) on Feb 11 — a combined 37,149 shares awarded at $0.00 (awards/grants, not purchases). The sale appears to have been related to tax withholding for the vesting award (see footnote).

Key Details

• Transactions reported: Feb 6, 2026 (1,660 shares sold @ $34.98; 12,149 shares acquired via vesting @ $0.00) and Feb 11, 2026 (25,000 RSUs granted @ $0.00).
• Sale proceeds: 1,660 × $34.98 = $58,067.
• Total shares awarded/granted: 12,149 (vested performance shares) + 25,000 (RSUs) = 37,149.
• Shares owned after the transactions: not specified in the provided filing details.
• Footnotes: F1 — 25,000 RSUs granted 2/11/2026; vest 25% each year starting 2/11/2027, subject to continued service. F2 — 12,149 shares reflect vesting of a 4/20/2022 performance-share award; one‑third vested 2/6/2026, with remaining one‑third vesting in Feb 2027 and Feb 2028, subject to continued service and prior performance conditions. F3 — 1,660 shares were withheld/sold for tax purposes upon vesting.
• Filing timeliness: Form was filed 2026-02-12. The Feb 11 grant was reported promptly; the Feb 6 vesting/sale was reported later than the typical 2-business-day Form 4 deadline (filed 6 days after the Feb 6 transactions).

Context

• The acquisitions were awards/vesting (not cash purchases), so they reflect compensation and performance-based vesting rather than an open-market buy signal.
• The 1,660-share disposal was tied to tax withholding on vesting (routine administrative sale), not necessarily a directional bet on the stock.
• Performance shares and RSUs are subject to continued service and, for the performance award, prior revenue/EBITDA targets as noted in the filing.