People Inc (IAC) director gains 2,263 shares as RSUs vest

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Lourd Bryan, a director of People Inc, reported routine equity compensation activity. On June 18, 2026, restricted stock units converted into 2,263 shares of People Inc common stock, increasing his directly held common shares to 203,898.

The filing also shows 4,528 restricted stock units outstanding after the transaction. According to the disclosure, these RSUs vest in equal installments on June 18 of 2026, 2027, and 2028, subject to continued service, so additional shares may be delivered over that period as awards vest.

Insider Trade Summary

2,263 shares exercised/converted

Mixed 2 txns

Insider Lourd Bryan

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 — 203,898 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

Shares acquired via RSU conversion: 2,263 shares Common shares held after transaction: 203,898 shares RSUs remaining after transaction: 4,528 units +2 more

5 metrics

Shares acquired via RSU conversion 2,263 shares Common stock delivered on June 18, 2026 from RSU vesting

Common shares held after transaction 203,898 shares Direct holdings of People Inc common stock after June 18, 2026

RSUs remaining after transaction 4,528 units Unvested restricted stock units outstanding following June 18, 2026

Vesting schedule Three equal installments RSUs vest on June 18 of 2026, 2027, and 2028, subject to continued service

Transaction code M Exercise or conversion of derivative security on June 18, 2026

Key Terms

Restricted Stock Units, derivative security, vest, 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"

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.

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

vest financial

"Represents RSUs that vest in equal installments on each of June 18, 2026, 2027, and 2028"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

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^*

Lourd Bryan

(Last)

(First)

(Middle)

C/O CAA

2000 AVENUE OF THE STARS

(Street)

LOS ANGELES

CALIFORNIA

90067

(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	203,898	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 Bryan Lourd	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 Lourd Bryan report for IAC (People Inc)?

Lourd Bryan reported the vesting of restricted stock units converting into 2,263 shares of People Inc common stock. This was an equity award settlement, not an open-market purchase or sale, and reflects routine director compensation rather than discretionary trading activity.

How many People Inc shares does Lourd Bryan hold after this Form 4 filing?

After the RSU conversion, Lourd Bryan directly holds 203,898 shares of People Inc common stock. This figure comes from the post-transaction holdings column and shows his updated equity position following the June 18, 2026 award vesting event.

How many restricted stock units remain for Lourd Bryan at People Inc?

The filing shows 4,528 restricted stock units remaining after the transaction. These RSUs are scheduled to vest in equal installments on June 18 of 2026, 2027, and 2028, assuming Bryan continues to provide service to the company during that period.

Is Lourd Bryan’s June 18, 2026 transaction in IAC stock a buy or sell?

The June 18, 2026 activity is classified as an exercise or conversion of a derivative security, not a market buy or sell. Restricted stock units vested and delivered 2,263 common shares as compensation, with no open-market purchase or sale reported in this Form 4.

What does transaction code "M" mean in Lourd Bryan’s IAC Form 4?

Transaction code "M" indicates exercise or conversion of a derivative security. In this case, it reflects restricted stock units converting into 2,263 People Inc common shares on June 18, 2026, as part of Bryan’s equity compensation, rather than a standard stock trade.