Form 4: IREN Co-CEO Sells 1 Million Shares Under 10b5-1 Plan

IREN Ltd's Co-Chief Executive Officer, William Gregory Roberts, sold 1,000,000 ordinary shares for $33.131 each, reducing his indirect beneficial ownership.

Summary

• William Gregory Roberts, Co-Chief Executive Officer and Director of IREN Ltd, reported a sale of company shares.
• On September 11, 2025, Roberts disposed of 1,000,000 ordinary shares.
• The shares were sold at a price of $33.131 per share.
• Following this transaction, Roberts indirectly beneficially owns 13,989,696 ordinary shares through Awassi Capital Trust #1.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged sale.

Sentiment

Score: 4

Explanation: A significant insider sale by a Co-CEO, even if pre-planned under a 10b5-1 plan, can be interpreted cautiously by the market, though the remaining indirect ownership is substantial.

Positives

• The transaction was executed pursuant to a Rule 10b5-1(c) plan, suggesting the sale was pre-arranged and not based on immediate, non-public information.

Negatives

• Co-Chief Executive Officer William Gregory Roberts disposed of 1,000,000 ordinary shares, representing a significant insider sale.

Risks

• A large insider sale by a key executive, even if pre-planned, could be interpreted by the market as a signal, potentially impacting investor sentiment.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The shares are held and transacted through Awassi Capital Trust #1, over which the Reporting Person has control over the trustee. The Reporting Person disclaims beneficial ownership of the ordinary shares and restricted stock units, except to the extent of his pecuniary interest therein.

Stakeholder Impact

• Shareholders may interpret the insider sale as a signal, potentially influencing market sentiment regarding the company's stock.

Key Dates

Keywords

IREN, IREN Ltd, Form 4, insider trading, share sale, William Gregory Roberts, Co-CEO, Director, 10b5-1 plan