Form 3 Filing: Tor Braham Reports Initial 15,000-Share Stake in IAC

Rhea-AI Filing Summary

SEC Form 3 filing: Director Tor Braham has filed an initial statement of beneficial ownership for IAC Inc. (IAC). Effective 18 June 2025, he reports owning 15,000 shares of IAC common stock, held directly. No derivative securities, indirect holdings, or joint filings are disclosed, and the document is not an amendment. The form, signed 23 June 2025 by an attorney-in-fact, fulfils Section 16(a) requirements and establishes Mr. Braham’s baseline equity position as a member of the board.

The filing contains no purchase transactions, option grants, or other financial details; therefore it offers limited immediate valuation impact. Nonetheless, the disclosure gives investors visibility into insider alignment and compliance with SEC reporting obligations.

Insights

Financial Analyst

TL;DR: Routine Form 3 shows IAC director Tor Braham directly owns 15,000 shares; negligible market impact.

The filing is administrative in nature. A 15,000-share stake—worth roughly mid-six figures at current prices—creates minimal dilution and does not signal transaction-driven sentiment. Still, it confirms the director’s financial alignment with shareholders and IAC’s adherence to insider-reporting rules. From a portfolio-management perspective, such ownership is too small to materially influence valuation models or risk assessments. Investors may note the presence of skin-in-the-game, but should not expect earnings or strategic ramifications.

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

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1. Name and Address of Reporting Person^*

Braham Tor

(Last) (First) (Middle)

C/O IAC INC.

555 W 18TH STREET

(Street)

NEW YORK NY 10011

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/18/2025

3. Issuer Name and Ticker or Trading Symbol
IAC Inc. [ IAC ]

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

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

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.0001	15,000	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit 24

	/s/ Kyra Ayo Caros, as Attorney-in-fact for Tor Braham	06/23/2025
	** 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 5 (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.
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FAQ

What did IAC (IAC) disclose in the latest Form 3?

Director Tor Braham reported direct ownership of 15,000 IAC common shares as of 18 Jun 2025.

Are any derivative securities reported by Tor Braham in this Form 3?

No. The filing lists no options, warrants, or other derivative securities.

Does the Form 3 indicate a recent purchase of IAC stock?

No. It is an initial ownership statement; it does not record a purchase or sale transaction.

How is the 15,000-share stake held?

The shares are held directly (Form code "D") by Tor Braham.

When was the Form 3 for IAC filed and signed?

It was signed on 23 Jun 2025 and covers an event date of 18 Jun 2025.