Director at People Inc (IAC) exercises 2,263 RSUs as they vest

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

People Inc director Maria Seferian reported a routine equity compensation event involving restricted stock units (RSUs). On June 18, 2026, 2,263 RSUs were exercised into the same number of shares of common stock, reflecting vesting of prior awards. After this transaction, she directly held 11,863 shares of common stock and 4,528 RSUs, of which the remaining RSUs are scheduled to vest in equal installments on June 18 of 2026, 2027, and 2028, subject to continued service.

Insider Trade Summary

2,263 shares exercised/converted

Mixed 2 txns

Insider Seferian Maria

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	2,263	$0.00	--
Exercise	Common Stock, par value $0.0001	2,263	$0.00	--

Holdings After Transaction: Restricted Stock Units — 4,528 shares (Direct, null); Common Stock, par value $0.0001 — 11,863 shares (Direct, null)

Footnotes (1)

Reflects shares of IAC common stock acquired upon the vesting of restricted stock units ("RSUs"). Represents RSUs that vest in equal installments on each of June 18, 2026, 2027, and 2028 subject to continued service.

Key Figures

RSUs exercised: 2,263 units Common shares after transaction: 11,863 shares RSUs remaining: 4,528 units +2 more

5 metrics

RSUs exercised 2,263 units Vested and converted into common stock on June 18, 2026

Common shares after transaction 11,863 shares Direct holdings of Maria Seferian following RSU conversion

RSUs remaining 4,528 units Outstanding restricted stock units after the reported vesting event

RSU vesting schedule 3 equal installments RSUs vest on June 18, 2026, 2027, and 2028, subject to service

Transaction code M Exercise or conversion of derivative security for RSUs

Key Terms

Restricted Stock Units, RSUs, Exercise or conversion of derivative security, Common Stock, par value $0.0001

4 terms

Restricted Stock Units financial

"Represents RSUs that vest in equal installments on each of June 18, 2026, 2027, and 2028 subject to continued service."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

RSUs financial

"Reflects shares of IAC common stock acquired upon the vesting of restricted stock units ("RSUs")."

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

Exercise or conversion of derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

Common Stock, par value $0.0001 financial

"security_title: "Common Stock, par value $0.0001""

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Form 4 Insider Transactions: What Each Field Means →

06/23/2026 - 06:42 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^*

Seferian Maria

(Last)

(First)

(Middle)

C/O PEOPLE INCORPORATED

555 WEST 18TH STREET

(Street)

NEW YORK

10011

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
People Inc [ PPLI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026

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)
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⁾	06/18/2026		M		2,263	A	$0	11,863	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)
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	$0	06/18/2026		M			2,263	⁽²⁾	⁽²⁾	Common Stock, par value $0.0001	2,263	$0	4,528	D

Explanation of Responses:

1. Reflects shares of IAC common stock acquired upon the vesting of restricted stock units ("RSUs").

2. Represents RSUs that vest in equal installments on each of June 18, 2026, 2027, and 2028 subject to continued service.

Remarks:

	/s/ Kendall Handler as Attorney-In-Fact for Maria Seferian	06/23/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Maria Seferian report at IAC?

Maria Seferian reported the vesting and exercise of 2,263 restricted stock units into the same number of IAC common shares. This is a routine equity compensation event rather than an open-market purchase or sale of stock.

Did the IAC director buy or sell shares in the open market?

The filing shows no open-market buying or selling. Instead, 2,263 restricted stock units vested and converted into common shares as part of compensation, with no sale transaction reported in this Form 4.

How many IAC shares does Maria Seferian hold after this Form 4?

After the reported transaction, Maria Seferian directly holds 11,863 shares of IAC common stock. These holdings result from prior awards and the recent conversion of 2,263 restricted stock units disclosed in the filing.

What restricted stock unit balance remains for the IAC director?

Following the vesting event, 4,528 restricted stock units remain outstanding for Maria Seferian. According to the disclosure, these RSUs vest in equal installments on June 18, 2026, 2027, and 2028, contingent on continued service.

Is this IAC Form 4 transaction considered routine compensation?

Yes. The Form 4 describes restricted stock units vesting and converting into common shares, which is a standard equity compensation mechanism. There is no indication of discretionary buying or selling of IAC stock in the market.