Inson Paul Joseph 4

What Happened

• Inson Paul Joseph, Chief People Officer of IBEX Ltd (IBEX), had 823 shares withheld by the company to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The withholding was reported as a disposition of 823 shares at $31.60 per share, totaling $26,007.
• The RSUs: 1,880 restricted stock units vested on July 1, 2026 (gross value of vested RSUs ≈ $59,408). The company used a net share settlement (withholding) to pay taxes; the reporting person did not sell any shares on the open market to cover the tax.

Key Details

• Transaction date and price: July 1, 2026 — 823 shares withheld at $31.60 per share (total $26,007).
• RSUs vested: 1,880 shares vested on July 1, 2026; 823 (≈43.8%) were withheld for taxes.
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: F1 clarifies these shares were withheld by the issuer in connection with net share settlement to satisfy tax liability; no shares were sold by the reporting person to satisfy the tax.
• Timeliness: Filing dated July 6, 2026 — this is after the typical 2-business-day Form 4 reporting window and therefore appears late.

Context

• This transaction is a tax withholding related to RSU vesting (transaction code F). Withholding is an administrative step and not an open-market sale by the insider, so it does not necessarily indicate a change in the insider’s market view.
• For retail investors, purchases or open-market sales by insiders can be more indicative of sentiment; net share settlements to cover taxes are routine compensation-related actions.