IAC Director Acquires 1,257 Shares Through RSU Vesting, Holds 85,756 Total
David S. Rosenblatt, Director of IAC, reported changes in beneficial ownership following the vesting of restricted stock units (RSUs) on June 23, 2025.
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Rhea-AI Filing Summary
David S. Rosenblatt, Director of IAC, reported changes in beneficial ownership following the vesting of restricted stock units (RSUs) on June 23, 2025. Key details:
- Acquired 1,257 shares of IAC common stock at $0 upon RSU vesting
- Total beneficial ownership following transaction: 85,756 shares, consisting of: - 59,763 shares held directly - 25,993 share units under Non-Employee Director Deferred Compensation Plan
- The RSUs were part of a grant vesting in equal installments over three years (2023-2025)
- Share amounts reflect adjustment following March 31, 2025 spin-off of Angi Inc.
This Form 4 filing represents routine insider activity related to scheduled equity compensation vesting for a board member, with no open market transactions reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,257 | $0.00 | $0.00 |
| Grant/Award | Common Stock, par value $0.0001 | 1,257 | $0.00 | $0.00 |
Footnotes (4)
- F1. Reflects shares of IAC common stock acquired upon the vesting of restricted stock units (see footnote 3 below).
- F2. lncludes: (i) 59,763 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) 25,993 share units accrued under the Non-Employee Director Deferred Compensation Plan as of the date of this report.
- F3. Represents restricted stock units that vested/vest in equal installments on each of June 23, 2023, 2024, and 2025, subject to continued service.
- F4. 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.
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