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Director at People Inc (PPLI) gains 2,263 shares from RSU vesting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

People Inc director Alan G. Spoon acquired 2,263 shares of common stock through the vesting of restricted stock units at no cash cost per share. Following this compensation-related transaction, he holds 277,411 common shares directly and 15,000 shares indirectly through a Family LLC. He also has 4,528 restricted stock units outstanding, which are scheduled to vest in equal installments on June 18 of 2026, 2027, and 2028, subject to continued service.

Positive

  • None.

Negative

  • None.
Insider SPOON ALAN G
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 --
holding Common Stock, par value $0.001 -- -- --
Holdings After Transaction: Restricted Stock Units — 4,528 shares (Direct, null); Common Stock, par value $0.0001 — 277,411 shares (Direct, null); Common Stock, par value $0.001 — 15,000 shares (Indirect, By Family LLC)
Footnotes (1)
  1. Reflects shares of IAC common stock acquired upon the vesting of restricted stock units ("RSUs"). The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. Represents RSUs that vest in equal installments on each of June 18, 2026, 2027, and 2028 subject to continued service.
Shares acquired via RSU vesting 2,263 shares Common stock received from restricted stock units on June 18, 2026
Direct common shares after transaction 277,411 shares Common stock held directly following the Form 4 transactions
Indirect common shares via Family LLC 15,000 shares Common stock held indirectly through a Family LLC
Remaining restricted stock units 4,528 RSUs RSUs outstanding after the vesting event
RSU vesting schedule 3 equal installments Vesting on June 18, 2026, 2027, and 2028, subject to continued service
Exercise price of vested RSUs $0.0000 per share Stated transaction price for 2,263 acquired common shares
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.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Family LLC financial
"total_shares_following_transaction 15000.0000, direct_or_indirect I, nature_of_ownership By Family LLC"
pecuniary interest financial
"disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein"
Exercise or conversion of derivative security financial
"transaction_code_description Exercise or conversion of derivative security"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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 - SARAH MCBRIDE
55 OLD BEDFORD ROAD, SUITE 208
(Street)
LINCOLN MASSACHUSETTS 01773
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock, par value $0.0001(1)06/18/2026M2,263A$0277,411D
Common Stock, par value $0.00115,000IBy Family LLC(2)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$006/18/2026M2,263 (3) (3)Common Stock, par value $0.00012,263$04,528D
Explanation of Responses:
1. Reflects shares of IAC common stock acquired upon the vesting of restricted stock units ("RSUs").
2. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
3. 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 Alan Spoon06/23/2026
** Signature of Reporting PersonDate
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 Alan G. Spoon report for People Inc (PPLI)?

Alan G. Spoon reported the vesting of restricted stock units, acquiring 2,263 shares of People Inc common stock at no cash cost, as part of his equity compensation rather than an open-market purchase or sale.

How many People Inc shares does Alan G. Spoon hold after this Form 4?

After the reported transaction, Alan G. Spoon holds 277,411 People Inc common shares directly and 15,000 shares indirectly through a Family LLC, reflecting his total reported equity position in the company’s common stock.

What restricted stock units does Alan G. Spoon still have at People Inc?

Alan G. Spoon retains 4,528 restricted stock units in People Inc. These units represent a right to receive the same number of common shares in the future, subject to their scheduled vesting and his continued service with the company.

When will Alan G. Spoon’s remaining People Inc RSUs vest?

The remaining 4,528 restricted stock units are scheduled to vest in three equal installments on June 18, 2026, June 18, 2027, and June 18, 2028, provided Alan G. Spoon continues his service with People Inc through each vesting date.

Was the People Inc Form 4 transaction an open-market buy or sale?

No, the Form 4 shows an exercise or conversion of restricted stock units, not an open-market buy or sale. The 2,263 shares were acquired at a stated price of $0.0000 per share as part of his equity compensation package.