[Form 4] IAC Inc. Insider Trading Activity

Rhea-AI Filing Summary

IAC Inc. (ticker: IAC) filed a Form 4 disclosing that director Bryan Lourd was granted 6,791 restricted stock units (RSUs) on June 18, 2025. The RSUs were awarded at no cost as part of routine director compensation and will vest in three equal annual installments on June 18 of 2026, 2027 and 2028, contingent on continued service. No common shares were sold and no cash transactions occurred, so the filing does not affect IAC’s share count or cash position. Following the grant, Lourd beneficially owns 6,791 derivative securities representing the right to receive an equivalent number of common shares once vested. The filing does not indicate that the transaction was executed under a Rule 10b5-1 trading plan. Overall, the disclosure reflects standard equity alignment for a non-employee director and carries limited immediate financial impact for investors.

Insights

Financial Analyst

TL;DR: Routine RSU grant to director; negligible balance-sheet impact; signals ongoing board equity alignment.

The 6,791-unit award to Bryan Lourd is a typical annual grant for non-employee directors and represents a de minimis fraction of IAC’s outstanding shares. Because it is a zero-cost issuance that vests over three years, the near-term dilution effect is minimal and already captured in standard share-based compensation expense. No buying or selling of freely tradable stock occurred, so market liquidity remains unchanged. Investors may view the grant as modestly positive from a governance standpoint, but it is not large enough to alter valuation models.

Corporate Governance Expert

TL;DR: Standard equity compensation enhances director alignment; immaterial from a control or ownership perspective.

Granting time-based RSUs is consistent with best-practice governance, ensuring directors share shareholder interests over a multi-year horizon. The staggered vesting schedule promotes long-term oversight. However, 6,791 shares confer no meaningful voting power and do not change board independence. Absence of a 10b5-1 plan checkbox suggests the award is purely compensatory, not a trading arrangement. Overall impact is governance-neutral to slightly positive but financially insignificant.

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
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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^*

Lourd Bryan

(Last) (First) (Middle)

C/O CAA 9830 WILSHIRE BLVD

(Street)

BEVERLY HILLS CA 90212-1825

(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 Bryan Lourd	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.

FAQ

How many restricted stock units did IAC director Bryan Lourd receive on 06/18/2025?

6,791 RSUs were granted according to the Form 4.

What is the vesting schedule for Bryan Lourd's new IAC RSUs?

The RSUs vest in three equal installments on June 18, 2026, 2027 and 2028, subject to continued service.

Was the transaction executed under a Rule 10b5-1 trading plan?

The filing does not indicate that the 10b5-1 checkbox was marked.

How many derivative securities does Bryan Lourd beneficially own after this grant?

Following the transaction, Lourd beneficially owns 6,791 derivative securities (RSUs).

Did Bryan Lourd sell any IAC common shares in this Form 4?

No. The filing reports only an RSU grant; no common shares were sold.