IAC Board Member Increases Stake as Final RSU Tranche Vests

Rhea-AI Filing Summary

Richard F. Zannino, Director of IAC, reported significant insider trading activity on June 23, 2025. The transaction involved the vesting of 1,257 restricted stock units (RSUs) which converted to common stock at $0 exercise price, bringing his total direct ownership to 58,487 shares.

The RSUs were part of a three-year vesting schedule with equal installments on June 23, 2023, 2024, and 2025, contingent on continued service. This represents the final vesting tranche of the award. The filing notes that the number of unvested RSUs was previously adjusted to account for IAC's spin-off of Angi Inc., completed on March 31, 2025, which was distributed as a special dividend to IAC shareholders.

The Form 4 was filed by Kyra Ayo Caros as Attorney-In-Fact for Zannino on June 25, 2025, within the required reporting timeframe.

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

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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)
06/23/2025

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
Common Stock, par value $0.0001(1)	06/23/2025		A		1,257	A	$0	58,487	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
Restricted Stock Units(2)	$0	06/23/2025		M			1,257	(2)	(2)	Common Stock, par value $0.0001	1,257	$0	0(3)	D

Explanation of Responses:

1. Reflects shares of IAC common stock acquired upon the vesting of restricted stock units (see footnote 2 below).

2. Represents restricted stock units that vested/vest in equal installments on each of June 23, 2023, 2024, and 2025, subject to continued service.

3. 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"). The amount of unvested restricted stock units reported on this Form 4 have been adjusted to reflect the Angi Spin.

Remarks:

	/s/ Kyra Ayo Caros as Attorney-In-Fact for Richard Zannino	06/25/2025
	** 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).
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FAQ

How many IAC shares did Richard Zannino acquire on June 23, 2025?

Richard Zannino acquired 1,257 shares of IAC common stock on June 23, 2025, through the vesting of restricted stock units (RSUs). Following this transaction, he owned a total of 58,487 shares directly.

What is Richard Zannino's role at IAC?

According to the Form 4 filing, Richard Zannino serves as a Director of IAC Inc. This is indicated by the 'X' marked in the Director box under the Relationship of Reporting Person(s) to Issuer section.

What was the vesting schedule for IAC's restricted stock units granted to Richard Zannino?

The restricted stock units vested in equal installments over three years on June 23, 2023, 2024, and 2025, subject to continued service. The June 23, 2025 vesting represented the final installment of this RSU grant.

How did IAC's Angi spin-off affect Zannino's restricted stock units?

According to the filing, IAC completed the spin-off of Angi Inc. on March 31, 2025, through a special dividend of Class A Common Stock to IAC shareholders. The number of unvested restricted stock units was adjusted to reflect this spin-off transaction.

What was the purchase price of the IAC shares acquired by Zannino?

Richard Zannino acquired the IAC shares at $0, as they were obtained through the vesting of restricted stock units rather than an open market purchase. This is indicated by the $0 price listed in both Table I and Table II of the Form 4.