People Inc (PPLI) director adds 1,609 shares as RSUs vest and holdings corrected

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

People Inc director Alan G. Spoon reported acquiring 1,609 shares of common stock through the vesting and conversion of restricted stock units, a compensation-related event rather than an open-market trade. After this transaction, he directly holds 275,148 common shares. The filing also notes a correction to the previously reported holdings balance due to an administrative error, with no transactions omitted.

Insider Trade Summary

1,609 shares exercised/converted

Mixed 2 txns

Insider SPOON ALAN G

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,609	$0.00	--
Exercise	Common Stock, par value $0.0001	1,609	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock, par value $0.0001 — 275,148 shares (Direct, null)

Footnotes (1)

Reflects shares of IAC common stock acquired upon the vesting of restricted stock units ("RSUs"). The amount reported in Column 5 has been corrected to reflect an administrative error in the previously reported holdings balance. No transactions were omitted. Represents RSUs that vest in equal installments on each of June 15, 2024, 2025, and 2026 subject to continued service.

Key Figures

Shares acquired via RSU vesting: 1,609 shares Shares held after transaction: 275,148 shares RSU exercise price: $0.00 per share +1 more

4 metrics

Shares acquired via RSU vesting 1,609 shares Common stock from restricted stock units on June 15, 2026

Shares held after transaction 275,148 shares Directly held common stock following RSU conversion

RSU exercise price $0.00 per share Conversion of restricted stock units into common stock

Derivative exercises 1 transaction, 1,609 shares Exercise or conversion of derivative security reported in Form 4

Key Terms

Restricted Stock Units, Exercise or conversion of derivative security, administrative error, continued service

4 terms

Restricted Stock Units financial

"security_title: "Restricted Stock Units" and vesting into common stock"

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.

Exercise or conversion of derivative security financial

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

administrative error financial

"corrected to reflect an administrative error in the previously reported holdings balance"

continued service financial

"RSUs that vest in equal installments subject to continued service"

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Form 4 Insider Transactions: What Each Field Means →

06/17/2026 - 09:10 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^*

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

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⁾	06/15/2026		M		1,609	A	$0	275,148⁽²⁾	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	06/15/2026		M			1,609	⁽³⁾	⁽³⁾	Common Stock, par value $0.0001	1,609	$0	0	D

Explanation of Responses:

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

2. The amount reported in Column 5 has been corrected to reflect an administrative error in the previously reported holdings balance. No transactions were omitted.

3. Represents RSUs that vest in equal installments on each of June 15, 2024, 2025, and 2026 subject to continued service.

Remarks:

	/s/ Kendall Handler as Attorney-In-Fact for Alan Spoon	06/17/2026
	** 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 People Inc (PPLI) director Alan G. Spoon report on this Form 4?

Alan G. Spoon reported acquiring 1,609 People Inc common shares through vesting of restricted stock units. This reflects a compensation-related derivative exercise, not an open-market purchase or sale, and updates his directly held share balance.

How many People Inc (PPLI) shares does Alan G. Spoon hold after this filing?

After the reported transaction, Alan G. Spoon directly holds 275,148 shares of People Inc common stock. This balance incorporates the 1,609 shares acquired from restricted stock unit vesting and a correction of a prior administrative reporting error.

Was the People Inc (PPLI) Form 4 an open-market buy or sell?

The Form 4 does not show any open-market buys or sells. It records the exercise and conversion of restricted stock units into 1,609 common shares, a routine equity compensation event, with no purchase or sale at a market price.

What correction did Alan G. Spoon disclose in his People Inc (PPLI) holdings?

The filing states that the amount reported in Column 5 was corrected to fix an administrative error in the previously reported holdings balance. It explicitly notes that no transactions were omitted from earlier reports.

What derivative security did Alan G. Spoon convert in this People Inc (PPLI) Form 4?

He converted 1,609 restricted stock units into 1,609 common shares at a stated exercise price of $0.00. Following this conversion, the reported restricted stock unit balance tied to this grant is shown as zero in the filing.