Afdahl David Martin 4

What Happened
David Martin Afdahl, Chief Operating Officer of IBEX Ltd (IBEX), had 1,138 shares withheld by the company on July 1, 2026 to satisfy tax withholding related to the vesting of 2,310 restricted stock units (RSUs). The withheld shares are reported at $31.60 per share, for a total value of $35,961. This was a net share settlement to cover taxes, not an open-market sale by the insider.

Key Details

• Transaction date: July 1, 2026. Filing date: July 6, 2026.
• Reported disposition: 1,138 shares withheld at $31.60 each (total $35,961). Transaction code: F (tax withholding/net share settlement).
• RSUs vested: 2,310 shares; 1,138 shares withheld to satisfy tax liabilities (per footnote). The reporting person did not sell shares to cover taxes.
• Shares owned after transaction: Not specified in the provided filing.
• Timeliness: Filed five days after the transaction; Form 4s are normally due within two business days, so this filing appears later than the standard deadline.

Context
Net share settlements to cover taxes on RSU vesting are routine and represent a tax-related disposition rather than a directional bet on the stock. Because no shares were sold in the open market by the insider, this withholding should not be interpreted as a typical "insider sale" signaling intent to reduce holdings.