IAC Inc. (ticker: IAC) SVP sells 6,878 shares near $40.54

Rhea-AI Filing Summary

IAC Inc. senior vice president and chief accounting officer Michael H. Schwerdtman reported an open-market sale of 6,878 shares of common stock on May 12, 2026. The weighted average sale price was $40.5352 per share, with individual trades between $40.50 and $40.62. After this transaction, he directly holds 28,743 IAC shares.

Insider Trade Summary

Net Seller: 6,878 shares ($278,801)

Net Sell 1 txn

Insider Schwerdtman Michael H

Role SVP and CAO

Sold 6,878 shs ($279K)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.0001	6,878	$40.5352	$279K

Holdings After Transaction: Common Stock, par value $0.0001 — 28,743 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares Sold: 6,878 shares Weighted Avg Sale Price: $40.5352 per share Shares Held After: 28,743 shares

3 metrics

Shares Sold 6,878 shares Open-market sale on May 12, 2026

Weighted Avg Sale Price $40.5352 per share Common stock sales between $40.50 and $40.62

Shares Held After 28,743 shares Direct ownership after the transaction

Key Terms

open-market sale, weighted average price, Form 4, Common Stock, par value $0.0001

4 terms

open-market sale financial

"The transaction was an open-market sale of common stock."

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average price financial

"The price reported is a weighted average price for the shares sold."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Form 4 regulatory

"The transaction was reported on Form 4 as required for insiders."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Common Stock, par value $0.0001 financial

"The security title is Common Stock, par value $0.0001."

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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^*

Schwerdtman Michael H

(Last) (First) (Middle)

C/O IAC INC.

555 WEST 18TH STREET

(Street)

NEW YORK NEW YORK 10011

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/12/2026		S		6,878	D	$40.5352(1)	28,743	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

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.50 to $40.62, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

	/s/ Kendall Handler as Attorney-In-Fact for Michael Schwerdtman	06/01/2026
	** 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).
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did IAC (IAC) disclose for Michael H. Schwerdtman?

IAC disclosed that Michael H. Schwerdtman, its SVP and chief accounting officer, sold 6,878 shares of IAC common stock. The transaction was an open-market sale reported on Form 4, reflecting routine insider trading disclosure requirements.

How many IAC (IAC) shares did Michael H. Schwerdtman sell and at what price?

Michael H. Schwerdtman sold 6,878 IAC common shares at a weighted average price of $40.5352 per share. The filing notes multiple trades executed between $40.50 and $40.62, resulting in the reported average sale price.

How many IAC (IAC) shares does Michael H. Schwerdtman hold after the sale?

After the reported sale, Michael H. Schwerdtman directly holds 28,743 shares of IAC common stock. This post-transaction holding is disclosed in the Form 4 and provides context on his remaining ownership stake.

What does weighted average sale price mean in the IAC (IAC) Form 4 filing?

The weighted average sale price of $40.5352 means the 6,878 shares were sold in several trades at prices between $40.50 and $40.62. The average price reflects the total proceeds divided by total shares sold across those individual transactions.

Was the IAC (IAC) insider transaction an open-market sale or another type?

The transaction was classified as an open-market sale of common stock. The Form 4 uses transaction code “S” and describes it as a sale in open market or private transaction, indicating a standard disposition of shares rather than an option exercise or gift.