[Form 4] IAC Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 filing overview: On 23 June 2025, IAC Inc. (ticker: IAC) director Michael D. Eisner reported the automatic conversion of 1,257 restricted stock units (RSUs) into an equal number of IAC common shares at $0 cost. These shares represent the final tranche of an RSU award that vested in three equal installments on 23 June 2023, 2024 and 2025, subject to continued board service.

Following the transaction, Eisner’s total beneficial ownership increased to 170,368 common shares, consisting of 167,349 shares held directly (including trust holdings) and 3,019 deferred share units accrued under the Non-Employee Director Deferred Compensation Plan. All previously unvested RSUs reported in this filing are now fully vested and therefore a zero balance remains in Table II.

No open-market purchases or sales occurred; the acquisition is strictly an equity compensation event. The filing does not disclose any new option grants, derivative positions, or disposals, and therefore does not materially affect IAC’s share count or insider sentiment in a significant way.

Positive

• Director retains and slightly increases stake; 1,257 shares added with no concurrent selling supports continued alignment with shareholders.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine RSU vesting; negligible share count impact, neutral insider signal.

The filing shows Eisner added 1,257 shares through scheduled RSU vesting, raising his stake to roughly 170 k shares. The cost basis is zero, confirming it is an automatic equity-comp plan event rather than a discretionary purchase. The size represents less than 0.2 % of IAC’s 85 m-plus diluted share base, so it is immaterial to valuation. Because no shares were sold, it does not convey negative sentiment, but the small magnitude limits any bullish interpretation. Overall, the disclosure is standard governance compliance with neutral investor impact.

Corporate Governance Expert

TL;DR: Standard compensation vesting; aligns director incentives, governance intact.

The three-year RSU schedule that completed on 23 June 2025 ties Eisner’s compensation to long-term shareholder value, meeting typical best-practice guidelines. The absence of 10b5-1 plan reliance or discretionary trading reduces regulatory complexity. No multi-party filing or indirect ownership changes emerged, suggesting transparency. While positive from an alignment standpoint, the event is routine and carries no material governance red flags or incremental benefits beyond standard incentive maintenance.

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^*

EISNER MICHAEL D

(Last) (First) (Middle)

C/O THE TORNANTE COMPANY, LLC

233 SOUTH BEVERLY DRIVE, 2ND FLOOR

(Street)

BEVERLY HILLS, CA 90212

(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	170,368(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
Restricted Stock Units(3)	$0	06/23/2025		M			1,257	(3)	(3)	Common Stock, par value $0.0001	1,257	$0	0(4)	D

Explanation of Responses:

1. Reflects shares of IAC common stock acquired upon the vesting of restricted stock units (see footnote 3 below).

2. lncludes: (i) 167,349 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) 3,019 share units accrued under the Non-Employee Director Deferred Compensation Plan as of the date of this report.

3. Represents restricted stock units that vested/vest in equal installments on each of June 23, 2023, 2024, and 2025, 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 Eisner	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).
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

How many IAC shares did Michael D. Eisner acquire on 23 June 2025?

He acquired 1,257 common shares through RSU vesting.

What is Eisner’s total IAC share ownership after the transaction?

Eisner now beneficially owns 170,368 shares of IAC common stock.

Did Eisner sell any IAC shares in this Form 4 filing?

No. The filing only reports an acquisition via RSU vesting; no sales were disclosed.

What was the cost basis for the acquired shares?

The RSU conversion occurred at $0 cost to the director.

Are there any unvested RSUs remaining for Eisner after this filing?

No. Table II shows a remaining RSU balance of 0 following full vesting.