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IAC (IAC) amended Form 4: 90,056-share disposition, deferred units adjusted

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

David S. Rosenblatt, a director of IAC Inc. (IAC), filed an amended Form 4 disclosing a disposition of 90,056 shares of IAC common stock reported with a transaction date of 06/23/2025. The filing clarifies that his post-transaction beneficial ownership calculation includes 58,506 shares held directly (personally or through a trust) and 31,550 deferred share units accrued under the Non-Employee Director Deferred Compensation Plan. The amendment notes an adjustment to the Deferred Shares following IAC’s Angi spin-off on 03/31/2025. The Form 4/A is signed by an attorney-in-fact for Mr. Rosenblatt on 10/02/2025.

Positive

  • Amended disclosure filed to clarify holdings and deferred units
  • Deferred share units (31,550) explicitly disclosed, showing transparency about director compensation adjustments

Negative

  • Disposition of 90,056 shares on 06/23/2025 reduces director's direct holdings
  • Significant sale by a director may be viewed unfavorably by some investors

Insights

Director sold 90,056 IAC shares; amendment clarifies deferred units after the Angi spin.

The Form 4/A reports a disposition of 90,056 shares with a transaction date of 06/23/2025, and it breaks out that the reporting person still had 58,506 directly held shares and 31,550 deferred share units counted after the Angi spin-off.

This matters for governance transparency because it updates the record of the director's beneficial ownership and shows the company adjusted deferred compensation units to reflect the 03/31/2025 Angi spin. The filing was executed by an attorney-in-fact on 10/02/2025, indicating a formal amended disclosure.

Insider ROSENBLATT DAVID S
Role Director
Type Security Shares Price Value
holding Common Stock, par value $0.0001 -- -- --
Holdings After Transaction: Common Stock, par value $0.0001 — 90,056 shares (Direct)
Footnotes (1)
  1. lncludes: (i) 58,506 shares of lAC common stock held directly by the reporting person (personally or through a trust, of which the reporting person is the grantor/sellor, sole trustee and sole beneficiary) and (ii) 31,550 share units accrued under the Non-Employee Director Deferred Compensation Plan as of the date of this report (the "Deferred Shares"). On March 31, 2025, IAC completed the spin-off of its ownership in Angi Inc. by means of a special dividend of all of the shares of Class A Common Stock then held by IAC to holders of its common stock and Class B common stock (the "Angi Spin"). This Form 4/A updates the amount of Deferred Shares accrued by the reporting person to reflect the adjustment following the Angi Spin.
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).
1. Name and Address of Reporting Person*
ROSENBLATT DAVID S
(Last) (First) (Middle)
C/O IAC INC.
555 WEST 18TH STREET
(Street)
NEW YORK NY 10011
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
IAC Inc. [ IAC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
06/25/2025 		6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 Stock, par value $0.0001 90,056(1)(2) 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:
1. lncludes: (i) 58,506 shares of lAC common stock held directly by the reporting person (personally or through a trust, of which the reporting person is the grantor/sellor, sole trustee and sole beneficiary) and (ii) 31,550 share units accrued under the Non-Employee Director Deferred Compensation Plan as of the date of this report (the "Deferred Shares").
2. On March 31, 2025, IAC completed the spin-off of its ownership in Angi Inc. by means of a special dividend of all of the shares of Class A Common Stock then held by IAC to holders of its common stock and Class B common stock (the "Angi Spin"). This Form 4/A updates the amount of Deferred Shares accrued by the reporting person to reflect the adjustment following the Angi Spin.
Remarks:
/s/ Kyra Ayo Caros as Attorney-In-Fact for David Rosenblatt 10/02/2025
** 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 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did IAC director David Rosenblatt report on Form 4/A?

The Form 4/A reports a disposition of 90,056 shares of IAC common stock with a transaction date of 06/23/2025 and clarifies the composition of his remaining beneficial ownership.

How many deferred share units does David Rosenblatt have?

The filing states 31,550 share units accrued under the Non-Employee Director Deferred Compensation Plan as of the report date.

Did the Angi spin-off affect Rosenblatt's holdings?

Yes. The amendment notes an adjustment to the Deferred Shares following the Angi spin-off on 03/31/2025.

Who signed the amended Form 4/A for David Rosenblatt?

The Form 4/A is signed by Kyra Ayo Caros as attorney-in-fact for David Rosenblatt on 10/02/2025.

What portion of Rosenblatt's ownership is direct versus deferred?

The filing shows 58,506 shares held directly (personally or through a trust) and 31,550 deferred share units counted in his beneficial ownership.