IAC Inc. (IAC) SVP & CAO logs RSU vesting and tax withholding shares

Rhea-AI Filing Summary

IAC Inc. senior vice president and chief accounting officer Michael H. Schwerdtman reported equity award activity tied to restricted stock units. On February 28, 2026, 11,262 restricted stock units vested and were converted into an equal number of shares of common stock at no cost. To cover taxes due on this vesting, 4,384 shares of common stock were withheld at a price of $38.32 per share. After these transactions, he directly owned 35,621 shares of common stock and 11,262 restricted stock units. The remaining restricted stock units vest in two equal installments on February 28, 2026 and 2027, subject to continued service, and the unvested units have been adjusted to reflect IAC’s spin-off of its ownership in Angi Inc. via a special dividend.

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^*

Schwerdtman Michael H

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2026

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)	02/28/2026		M		11,262	A	$0	40,005	D
Common Stock, par value $0.0001(2)	02/28/2026		F		4,384	D	$38.32	35,621	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(3)	$0	02/28/2026		M			11,262	(3)	(3)	Common Stock, par value $0.0001	11,262	$0	11,262(4)	D

Explanation of Responses:

1. Represents shares of IAC common stock acquired upon the vesting of restricted stock units.

2. Represents shares withheld to cover taxes due in connection with vesting of restricted stock units.

3. Represents restricted stock units that vest in two equal installments on February 28, 2026 and 2027, subject to continued service.

4. 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 Michael Schwerdtman	03/04/2026
	** 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

What insider transactions did IAC (IAC) report for Michael Schwerdtman?

IAC reported that Michael H. Schwerdtman had 11,262 restricted stock units vest and convert into common shares, and 4,384 shares were withheld to cover taxes. These transactions reflect equity compensation activity rather than open-market buying or selling.

How many IAC (IAC) shares does Michael Schwerdtman own after this Form 4?

After the reported transactions, Michael H. Schwerdtman directly owns 35,621 shares of IAC common stock and 11,262 restricted stock units. The filing shows these holdings following the vesting, conversion, and tax-withholding share disposition on February 28, 2026.

What is the tax-withholding share price in the IAC (IAC) Form 4?

The tax-withholding disposition used 4,384 IAC common shares priced at $38.32 per share to satisfy taxes due on vested restricted stock units. This transaction is coded “F,” indicating payment of tax liability with shares rather than a market sale.

How do Michael Schwerdtman’s IAC (IAC) restricted stock units vest?

Schwerdtman’s 11,262 restricted stock units vest in two equal installments on February 28, 2026 and 2027, subject to continued service. The Form 4 notes that the amount of unvested units has been adjusted to reflect IAC’s spin-off of its ownership in Angi Inc.

How is the Angi spin-off reflected in this IAC (IAC) Form 4 filing?

The filing explains that IAC completed a spin-off of its Angi Inc. shares via special dividend on March 31, 2025. The number of unvested restricted stock units reported for Michael Schwerdtman has been adjusted to reflect the impact of this Angi spin transaction.