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IAC (IAC) Files Form 4 for 6,791-Unit RSU Grant to Director

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

IAC Inc. (ticker: IAC) filed a Form 4 reporting an equity award to director Tor Braham.

  • On 18 June 2025, Mr. Braham received 6,791 restricted stock units (RSUs) under Transaction Code “A” (award/grant) at a cost basis of $0.
  • The RSUs vest in three equal annual installments on 18 June 2026, 2027 and 2028, contingent on continued board service.
  • Following the grant, Mr. Braham’s reported beneficial ownership is 6,791 derivative securities; no common shares or other derivative changes were disclosed.
  • Ownership is listed as Direct “D”; no indirect holdings or Rule 10b5-1 plan were indicated.

The filing represents a routine director compensation grant with no immediate cash impact on IAC and no open-market purchase or sale of shares.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine director RSU grant; negligible valuation impact.

The 6,791-unit award, vesting over three years, aligns Mr. Braham’s incentives with shareholders but adds an immaterial number of shares relative to IAC’s ~83 million basic shares outstanding. No purchase or sale occurred, so supply-demand dynamics and cash flows are unaffected. Standard governance practice; neutral for valuation or liquidity.

TL;DR: Grant follows typical board compensation cadence; neutral governance signal.

The time-based RSUs mirror IAC’s historical practice of providing annual equity to non-employee directors, reinforcing long-term alignment without performance conditions. No 10b5-1 designation or unusual structuring appears. Compliance with Section 16(a) deadlines is maintained, reflecting sound reporting procedures.

Insider Braham Tor
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock Units 6,791 $0.00 --
Holdings After Transaction: Restricted Stock Units — 6,791 shares (Direct)
Footnotes (1)
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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).
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*
Braham Tor
(Last) (First) (Middle)
C/O IAC INC.
555 W 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)
06/18/2025
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 Tor Braham 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did director Tor Braham acquire according to the IAC Form 4?

He received 6,791 restricted stock units on 18 June 2025 at no cost.

When will the RSUs granted to Tor Braham vest?

The units vest in three equal tranches on 18 June 2026, 2027 and 2028.

Did the Form 4 report any open-market purchases or sales of IAC shares?

No. The filing only discloses an equity award; no purchases or sales occurred.

How many IAC shares does Tor Braham beneficially own after the transaction?

The filing lists 6,791 derivative securities (RSUs) owned directly; no common shares were reported.

Is this Form 4 filing considered material for IAC investors?

Given the small size relative to IAC’s share count, the transaction is generally viewed as not material to investors.