IAC (IAC) director Braham Tor receives 2,263 shares as RSUs vest

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Braham Tor, a director, reported a routine equity compensation event. On June 18, 2026, 2,263 restricted stock units (RSUs) converted into 2,263 shares of IAC common stock at a stated price of $0.00 per share. Following the conversion, Tor directly holds 17,263 shares of common stock and 4,528 RSUs. 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 Braham Tor

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 — 17,263 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 vesting: 2,263 shares Price per share for RSU conversion: $0.00 per share Common shares held after transaction: 17,263 shares +2 more

5 metrics

Shares acquired via RSU vesting 2,263 shares RSUs converted to IAC common stock on June 18, 2026

Price per share for RSU conversion $0.00 per share Stated transaction price for 2,263 RSUs converting to common

Common shares held after transaction 17,263 shares Direct holdings following June 18, 2026 Form 4 event

Restricted stock units remaining 4,528 RSUs RSUs scheduled to vest in equal installments in 2026, 2027, 2028

RSU vesting schedule dates June 18, 2026, 2027, 2028 Future vesting installments subject to continued service

Key Terms

Restricted Stock Units, RSUs, derivative security, vesting

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.

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.

vesting financial

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

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

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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^*

Braham Tor

(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	17,263	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 Tor Braham	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 did Braham Tor report in the latest IAC Form 4 filing?

Braham Tor reported the vesting of 2,263 restricted stock units that converted into 2,263 shares of IAC common stock. This is a routine compensation-related equity event, not an open-market purchase or sale, and reflects part of his ongoing stock-based compensation package.

How many IAC common shares does Braham Tor hold after this Form 4 transaction?

After the June 18, 2026 transaction, Braham Tor directly holds 17,263 shares of IAC common stock. This figure reflects his position after 2,263 RSUs converted into common shares as part of his stock-based compensation vesting schedule.

What happened to Braham Tor’s restricted stock units in this IAC filing?

In this filing, 2,263 restricted stock units vested and were converted into an equal number of IAC common shares. These RSUs were part of a broader grant that continues to vest over several years, subject to Tor’s continued service with the company.

How many restricted stock units does Braham Tor still have after the June 18, 2026 vesting?

Following the June 18, 2026 vesting event, Braham Tor holds 4,528 restricted stock units. According to the disclosure, these remaining RSUs are scheduled to vest in three equal installments on June 18 of 2026, 2027, and 2028, contingent on continued service.

Is Braham Tor’s Form 4 transaction a market buy or sell of IAC stock?

The Form 4 transaction is not a market buy or sell. It records the exercise or conversion of 2,263 restricted stock units into IAC common shares at a stated price of $0.00, reflecting compensation vesting rather than an open-market trading decision.