IBEX (IBEX) director sells 6,500 common shares in open market

Rhea-AI Filing Summary

IBEX Ltd director Daniella Ballou-Aares reported selling 6,500 Common Shares in open-market transactions and now holds 10,643 shares directly. The sales included 5,843 shares at $24.2175 and 157 shares at $24.2114 on March 13, 2025, plus 500 shares at $35.01 on December 2, 2025.

Insider Trade Summary

Net Seller: 6,500 shares ($162,809)

Net Sell 3 txns

Insider Ballou-Aares Daniella

Role Director

Sold 6,500 shs ($163K)

Type	Security	Shares	Price	Value
Sale	Common Shares	500	$35.01	$18K
Sale	Common Shares	5,843	$24.2175	$142K
Sale	Common Shares	157	$24.2114	$4K

Holdings After Transaction: Common Shares — 10,643 shares (Direct)

Footnotes (1)

Key Figures

Total shares sold: 6,500 shares Sale on March 13, 2025: 5,843 shares at $24.2175 Additional March 13, 2025 sale: 157 shares at $24.2114 +2 more

5 metrics

Total shares sold 6,500 shares Aggregate of three open-market sales reported

Sale on March 13, 2025 5,843 shares at $24.2175 Non-derivative open-market sale of Common Shares

Additional March 13, 2025 sale 157 shares at $24.2114 Second non-derivative open-market transaction same day

Sale on December 2, 2025 500 shares at $35.01 Non-derivative open-market sale of Common Shares

Shares owned after transactions 10,643 shares Direct beneficial ownership following latest sale

Key Terms

open-market sale, non-derivative, Common Shares, transaction code "S"

4 terms

open-market sale financial

"transaction_action is listed as "open-market sale" for each trade"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

non-derivative financial

"Each transaction_type is recorded as "non-derivative" Common Shares"

Common Shares financial

"security_title for all entries is "Common Shares""

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

transaction code "S" financial

"transaction_code "S" is described as sale in open market or private transaction"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ballou-Aares Daniella

(Last) (First) (Middle)

C/O IBEX LIMITED

1717 PENNSYLVANIA AVENUE NW, SUITE 825

(Street)

WASHINGTON DISTRICT OF COLUMBIA 20006

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
IBEX Ltd [ IBEX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	03/13/2025		S		5,843	D	$24.2175	11,300	D
Common Shares	03/13/2025		S		157	D	$24.2114	11,143	D
Common Shares	12/02/2025		S		500	D	$35.01	10,643	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	Lisa Lenstrohm, Attorney-in-Fact	04/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

How many IBEX (IBEX) shares did Daniella Ballou-Aares sell in this Form 4?

Daniella Ballou-Aares sold a total of 6,500 IBEX Common Shares in open-market transactions. The filing shows three separate sales, all classified as non-derivative transactions and reported under transaction code “S” for open-market or private sales.

What prices did Daniella Ballou-Aares receive for her IBEX (IBEX) share sales?

The reported IBEX share sales occurred at prices of $24.2175, $24.2114, and $35.01 per share. These reflect two sales on March 13, 2025 at around $24.22 and a later sale on December 2, 2025 at $35.01.

How many IBEX (IBEX) shares does Daniella Ballou-Aares own after these transactions?

After the reported transactions, Daniella Ballou-Aares directly owns 10,643 IBEX Common Shares. This figure appears in the Form 4 as the total number of shares beneficially owned following the most recent reported open-market sale.

What type of transactions are reported in this IBEX (IBEX) Form 4 filing?

All reported transactions are open-market sales of Common Shares classified as non-derivative. They use transaction code “S,” described as a sale in an open market or private transaction, and involve no options or other derivative securities.

On which dates did Daniella Ballou-Aares sell IBEX (IBEX) shares?

The Form 4 shows IBEX share sales on March 13, 2025 and December 2, 2025. Two transactions took place on March 13, 2025, and one additional open-market sale occurred on December 2, 2025, at a higher reported price per share.