IAC (IAC) Form 4: Zannino Gains 6,791 Restricted Stock Units

Rhea-AI Filing Summary

Form 4 overview: IAC Inc. (ticker: IAC) reported that director Richard F. Zannino received an equity award of 6,791 restricted stock units (RSUs) on 18 June 2025. The RSUs carry a $0 exercise price and will vest in three equal annual tranches on 18 June 2026, 2027 and 2028, contingent on continued board service. After the award, Mr. Zannino’s directly held beneficial ownership stands at 6,791 common shares, indicating no prior share holdings were disclosed in this filing, and no dispositions or open-market purchases occurred. Because the grant represents standard non-cash director compensation and adds a modest number of shares relative to IAC’s ~84 million outstanding, the filing is considered routine with limited immediate valuation impact for shareholders.

Positive

• Director equity alignment: 6,791 RSUs create additional long-term incentive for board member, modestly enhancing shareholder alignment.
• No insider selling: Filing shows only an award with no dispositions, avoiding negative sentiment.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director RSU grant; aligns incentives but immaterial to float—neutral governance signal.

The RSU issuance follows common practice for large-cap boards, providing long-term equity to align director interests with shareholders. Three-year vesting encourages service continuity and strategic oversight consistency. However, 6,791 shares represent <0.01% of IAC’s shares outstanding, so dilution is negligible and capital structure unchanged. No insider selling occurred, eliminating potential negative sentiment. Overall, the filing is a neutral governance disclosure rather than a catalyst for the stock.

Portfolio Manager

TL;DR: Minor insider acquisition via compensation; positive signal but too small to move valuation.

From a portfolio-allocation view, insider awards can hint at confidence, yet this grant is compensation-driven, not an elective purchase. The lack of open-market buying and the modest size limit its predictive power for future price performance. No cash outflow for IAC occurs, so financial impact is nil. I would not adjust position sizing based solely on this event.

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
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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^*

ZANNINO RICHARD F

(Last) (First) (Middle)

C/O CCMP CAPITAL ADVISORS, LLC

277 PARK AVENUE, 27TH FLOOR

(Street)

NEW YORK NY 10172

(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)
06/18/2025

4. 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 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

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
Restricted Stock Units(1)	$0	06/18/2025		A		6,791		(1)	(1)	Common Stock, par value $0.0001	6,791	$0	6,791	D

Explanation of Responses:

1. Represents restricted stock units that vest in equal installments on each of June 18, 2026, 2027, and 2028 subject to continued service.

Remarks:

	/s/ Kyra Ayo Caros as Attorney-In-Fact for Richard Zannino	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 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.

FAQ

How many IAC (IAC) shares did Richard F. Zannino acquire?

He received 6,791 restricted stock units, each representing one share of IAC common stock.

What is the vesting schedule for the new IAC RSUs?

The units vest in three equal installments on 18 June 2026, 2027 and 2028, subject to continued service.

Did the transaction involve any cash payment by the insider?

No. The RSUs have a $0 exercise price; they were granted as compensation.

Does the filing indicate any insider selling at IAC?

No insider sales were disclosed; the filing only reports an equity award.

What is Richard Zannino’s total beneficial ownership after the award?

Following the grant, he beneficially owns 6,791 IAC common shares directly.