Afdahl David Martin 4

What Happened

• David Afdahl, Chief Operating Officer of IBEX Ltd (IBEX), received a grant of 4,400 restricted stock units (RSUs) on February 26, 2026. The RSUs were granted at $0.00 per unit, so there was no cash purchase or sale in this transaction. RSUs are a contingent right to receive one share of common stock for each RSU upon vesting.

Key Details

• Transaction date: 2026-02-26 (reported on Form 4 filed 2026-02-27). Transaction code: A (award/grant).
• Quantity: 4,400 RSUs; reported acquisition price: $0.00; reported value: $0.
• Vesting: 25% vests on July 1, 2026, then 25% annually for three additional years, subject to continued service.
• Tax withholding: On each vesting date, IBEX will automatically withhold shares to satisfy tax withholding obligations (non-discretionary).
• Shares owned after transaction: Not specified in this filing.
• Timeliness: Filed one day after the transaction date; appears timely under Form 4 reporting rules.

Context

• RSU grants are a form of compensation, not an outright purchase or sale, and indicate equity-based pay rather than an immediate market bet by the insider. When RSUs vest they convert to shares (net of any withheld for taxes); unless sold later, vested shares simply increase the insider's stake.