IBEX CDAO Michael Darwal Withholds 270 Shares for Taxes

What Happened
Darwal Michael Joseph, IBEX's Chief AI & Digital Officer, had 270 restricted stock units (RSUs) withheld by the company to satisfy his tax liability upon vesting on September 15, 2026. The withholding was recorded at $40.28 per share for a total value of about $10,876. This was a tax-withholding disposition (code F), not an open-market sale or a discretionary sale by the reporting person.

Key Details

• Transaction date: September 15, 2026
• Price used / closing price: $40.28 per share (footnote F2)
• Shares withheld / disposed: 270 shares — total value ≈ $10,876
• Shares owned after transaction: Not reported on the Form 4
• Footnotes: F1 — shares were withheld by the issuer to satisfy tax liability upon RSU vesting; not discretionary and no shares were sold by the reporting person. F2 — closing price on 9/15/2026.
• Filing timing: Form filed September 25, 2026 (10 days after the transaction). Form 4s are generally due within two business days, so this appears late.

Context
Tax-withholding by withholding shares on RSU vesting is a routine administrative action and does not necessarily indicate insider buying or selling intent. Purchases typically signal stronger insider conviction than tax-withholdings or sales; this filing documents only the mandatory tax withholding.