People Inc (NASDAQ: IAC) director receives 2,263 shares from RSU vesting

Rhea-AI Filing Summary

People Inc director Clinton Chelsea reported routine equity compensation activity involving restricted stock units. On June 18, 2026, 2,263 restricted stock units converted into an equal number of shares of common stock at an exercise price of $0.00 per share. After this transaction, Chelsea directly held 93,201 shares of common stock. The filing also shows 4,528 restricted stock units outstanding following the conversion, which vest in equal installments on each of June 18, 2026, June 18, 2027, and June 18, 2028, subject to continued service. No open‑market purchases or sales were reported; the transactions reflect the exercise and vesting of equity awards.

Insider Trade Summary

2,263 shares exercised/converted

Mixed 2 txns

Insider Clinton Chelsea

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 — 93,201 shares (Direct, null)

Footnotes (1)

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 converted: 2,263 shares Common shares after transaction: 93,201 shares RSUs outstanding: 4,528 units +2 more

5 metrics

RSUs converted 2,263 shares Restricted stock units converted to common stock at $0.00

Common shares after transaction 93,201 shares Direct common stock holdings following RSU conversion

RSUs outstanding 4,528 units Restricted stock units remaining after conversion

Exercise price $0.00 per share Conversion price for 2,263 RSUs to common stock

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

Key Terms

Restricted Stock Units, vest, derivative security

3 terms

Restricted Stock Units financial

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

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.

vest financial

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

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.

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.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Clinton Chelsea

(Last) (First) (Middle)

C/O PEOPLE INCORPORATED

555 WEST 18TH STREET

(Street)

NEW YORK 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.0001(1)	06/18/2026		M		2,263	A	$0	93,201	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0	06/23/2026		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 Chelsea Clinton	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)

FAQ

What insider transaction did Clinton Chelsea report for IAC?

Clinton Chelsea reported acquiring 2,263 shares of common stock through the vesting and conversion of restricted stock units. These transactions reflect equity compensation, not open-market buying or selling, and are recorded at an exercise price of $0.00 per share.

How many People Inc shares does Clinton Chelsea hold after this Form 4?

After the reported transactions, Clinton Chelsea directly holds 93,201 shares of People Inc common stock. This total comes from the Form 4’s non-derivative table, which shows the updated ownership position immediately following the 2,263-share restricted stock unit conversion.

What restricted stock units does Clinton Chelsea still have outstanding at IAC?

Following the conversion, Chelsea has 4,528 restricted stock units outstanding. According to the filing, these RSUs are scheduled to vest in three equal installments on June 18 of 2026, 2027, and 2028, assuming Chelsea’s continued service with the company.

Were there any open-market stock sales or purchases by Clinton Chelsea?

No open-market stock sales or purchases are reported in this Form 4. The only activity involves the exercise and vesting of 2,263 restricted stock units into common shares, which is a compensation-related event rather than discretionary trading in the market.

What does transaction code "M" mean in Clinton Chelsea’s Form 4?

Transaction code “M” in the filing indicates the exercise or conversion of a derivative security, such as restricted stock units. Here, it reflects RSUs converting into 2,263 shares of common stock, recorded at an exercise or conversion price of $0.00 per share.