IBEX Chief Sales Officer Dawson Neil Receives 1,954 Shares

What Happened
Dawson Bruce Neil, IBEX Ltd's Chief Sales and Customer Success Officer, had 1,954 performance-based stock units (PSUs) vest and convert to common shares on July 31, 2026 (transaction code A). Those shares were credited at a closing price of $35.34, valuing the award at about $69,054.36. The issuer withheld 855 of the newly issued shares to cover the reporting person’s tax liability (transaction code F), representing a withholding value of approximately $30,215.70. The Form 4 reports the award as an acquisition (A) and the withholding as a disposition for tax purposes (F).

Key Details

• Transaction date: July 31, 2026. Filing date: August 4, 2026.
• Award: 1,954 PSUs vested and converted to 1,954 common shares; reported acquisition price $0 (award). Market value based on closing price $35.34 = $69,054.36.
• Tax withholding: 855 shares withheld by the issuer at $35.34 = $30,215.70 (reported as disposition, code F). Footnote states no shares were sold by the reporting person to satisfy tax liability.
• Transaction codes: A = award/acquisition; F = tax withholding.
• Closing price source: issuer’s closing price on July 31, 2026 ($35.34) (footnote).
• Shares owned after transaction: not specified in the filing.
• No late-file flag indicated in the reported filing.

Context
This was a routine vesting of performance-based equity (PSUs) following certification of performance goals for the period ending June 30, 2026. The withholding of shares to satisfy taxes is an administrative step and not an open-market sale by the insider, so it should not be read as a bearish signal. Awards like this increase the insider’s share stake overall (net of withholding) but do not reflect an active purchase decision.