Dawson Bruce Neil 4

What Happened

• Dawson Bruce Neil, IBEX Ltd’s Chief Sales and Customer Success Officer, received a restricted stock award of 82,519 shares that vested on Feb 6, 2026 (acquired at $0). To cover tax withholding, 12,246 of those shares were surrendered/disposed at $34.98/share for a value of $428,365.
• The 82,519 shares represent one-third of a performance share award originally granted April 20, 2022; the remaining two-thirds are scheduled to vest one-third on Feb 6, 2027 and one-third on Feb 6, 2028, subject to continued service and achievement of performance targets.

Key Details

• Transaction date(s): February 6, 2026 (reported on Form 4 filed Feb 12, 2026).
• Prices: Awarded shares at $0.00; tax-withheld shares disposed at $34.98 each (12,246 shares; $428,365).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 — vesting tied to achievement of Issuer Revenue and EBITDA targets over trailing four quarters and continued service; F2 — 12,246 shares withheld to satisfy tax obligations upon vesting.
• Timeliness: Form 4 filed on Feb 12, 2026 for a Feb 6, 2026 transaction (filed late relative to the standard 2-business-day requirement), reducing near-term transparency.

Context

• This was a performance-based restricted stock vesting (award), not an open-market purchase or sale; the 12,246-share disposition was a routine tax-withholding action (common on vesting) rather than a market-motivated sale.
• Because this is an award tied to performance and continued service, it signals compensation realization rather than an insider buying or selling shares for investment purposes.