Michael Joseph Darwal, Chief AI & Digital Officer of IBEX Ltd, filed a Form 4 on November 3, 2026, disclosing the acquisition of 7,000 restricted stock units on October 30, 2026, at a price of $0.

Key Highlights

  • Reporting person: Michael Joseph Darwal, Chief AI & Digital Officer of IBEX Ltd (NASDAQ:IBEX)
  • Transaction: Acquisition (Code A) of 7,000 restricted stock units (RSUs) on October 30, 2026, at a price of $0
  • Vesting schedule: 25% of the granted RSUs vest annually over four years, commencing September 30, 2027, subject to continuous service on each vesting date
  • Post-transaction ownership: 48,277 common shares beneficially owned directly following the reported transaction
  • Tax withholding: On each vesting date, the issuer will automatically withhold shares to satisfy the reporting person's tax withholding obligations in a non-discretionary transaction
  • Filing signed by: Lisa Lenstrohm, Attorney-in-Fact, on November 3, 2026

IBEX RSU Grant to Chief AI & Digital Officer Darwal: Transaction Details

According to the Form 4 filed on November 3, 2026, Michael Joseph Darwal, serving as Chief AI & Digital Officer of IBEX Ltd (NASDAQ:IBEX), received a grant of 7,000 restricted stock units on October 30, 2026. The filing states that each RSU represents a contingent right to receive one share of the issuer's common stock. The transaction was coded as an acquisition (A) at a price of $0, and ownership is held directly.

The filing discloses that 25% of the granted RSUs shall vest annually over four years, with vesting commencing on September 30, 2027, provided that Darwal remains in continuous service on each vesting date. The filing further states that, unless otherwise provided, the issuer will automatically withhold shares on each vesting date to satisfy the reporting person's tax withholding obligations in what the filing describes as "a non-discretionary transaction."

Following the reported transaction, the filing indicates that Darwal directly beneficially owns 48,277 common shares of IBEX Ltd. The form was filed by one reporting person and signed by Lisa Lenstrohm as Attorney-in-Fact. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

The filing disclosed an RSU grant of 7,000 shares to IBEX Ltd's Chief AI & Digital Officer, Michael Joseph Darwal, dated October 30, 2026, at $0 per unit, with four-year annual vesting beginning September 30, 2027, bringing his direct beneficial ownership to 48,277 shares.