IAC Board Member Expands Stake Through RSU Vesting, Signals Long-term Confidence

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Form Type

Rhea-AI Filing Summary

IAC director Alan G. Spoon reported multiple securities transactions on June 23, 2025. Key details include:

Acquired 1,257 shares of common stock at $0 through the vesting of restricted stock units (RSUs)
Currently holds 242,429 shares directly, including: - 106,625 shares held personally or through trust - 135,804 share units under Non-Employee Director Deferred Compensation Plan
Indirectly owns 15,000 shares through Family LLC
The RSU vesting was part of a three-year installment plan (2023-2025)

Notable context: The filing reflects adjustments from IAC's March 31, 2025 spin-off of Angi Inc., where IAC distributed its Angi Class A shares as a special dividend to stockholders.

Insider Trade Summary

1,257 shares exercised/converted

Mixed 3 txns

Insider SPOON ALAN G

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,257	$0.00	--
Grant/Award	Common Stock, par value $0.0001	1,257	$0.00	--
holding	Common Stock, par value $0.0001	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock, par value $0.0001 — 242,429 shares (Direct); Common Stock, par value $0.0001 — 15,000 shares (Indirect, By Family LLC)

Footnotes (1)

Reflects shares of IAC common stock received upon the vesting of restricted stock units (see footnote 4 below). lncludes: (i) 106,625 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) 135,804 share units accrued under the Non-Employee Director Deferred Compensation Plan as of the date of this report. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. Represents restricted stock units that vested/vest in equal installments on each of June 23, 2023, 2024, and 2025, subject to continued service. 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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Form 4 Insider Transactions: What Each Field Means →

06/25/2025 - 04:40 PM

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^*

SPOON ALAN G

(Last)

(First)

(Middle)

C/O NORTHSTAR ADVISORS LLC

880 WINTER STREET, SUITE 350

(Street)

WALTHAM

02451

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.0001⁽¹⁾	06/23/2025		A		1,257	A	$0	242,429⁽²⁾	D
Common Stock, par value $0.0001								15,000⁽³⁾	I	By Family LLC

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units⁽⁴⁾	$0	06/23/2025		M			1,257	⁽⁴⁾	⁽⁴⁾	Common Stock, par value $0.0001	1,257	$0	0⁽⁵⁾	D

Explanation of Responses:

1. Reflects shares of IAC common stock received upon the vesting of restricted stock units (see footnote 4 below).

2. lncludes: (i) 106,625 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) 135,804 share units accrued under the Non-Employee Director Deferred Compensation Plan as of the date of this report.

3. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

4. Represents restricted stock units that vested/vest in equal installments on each of June 23, 2023, 2024, and 2025, subject to continued service.

5. 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 Alan Spoon	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.
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

How many IAC shares did director Alan Spoon acquire on June 23, 2025?

Director Alan Spoon acquired 1,257 shares of IAC common stock on June 23, 2025, which were received upon the vesting of restricted stock units (RSUs). The shares were acquired at $0 cost as part of his equity compensation plan.

What is Alan Spoon's total IAC stock ownership after the June 2025 transaction?

Following the transaction, Alan Spoon beneficially owns 242,429 shares directly, which includes 106,625 shares held directly (personally or through a trust) and 135,804 share units under the Non-Employee Director Deferred Compensation Plan. Additionally, he indirectly owns 15,000 shares through a Family LLC.

What was the vesting schedule for IAC director Alan Spoon's restricted stock units?

The restricted stock units (RSUs) vested in equal installments over three years on June 23, 2023, 2024, and 2025, subject to continued service. The June 23, 2025 vesting represented the final installment of this RSU grant.

How did IAC's Angi spin-off affect Alan Spoon's restricted stock units?

On March 31, 2025, IAC completed the spin-off of Angi Inc. through a special dividend of Class A Common Stock to IAC shareholders. The number of unvested restricted stock units reported in this Form 4 was adjusted to reflect this spin-off transaction.