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People Inc (PPLI) director Lourd Bryan acquires 1,609 shares from RSU vesting

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

Rhea-AI Filing Summary

People Inc director Lourd Bryan reported the vesting of restricted stock units into common stock rather than an open-market trade. On June 15, 2026, 1,609 RSUs converted into 1,609 shares of common stock at a stated price of $0.00 per share, bringing Bryan’s direct holdings to 201,635 common shares.

Positive

  • None.

Negative

  • None.
Insider Lourd Bryan
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 — 201,635 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 15, 2024, 2025, and 2026 subject to continued service.
Shares acquired via RSU vesting 1,609 shares RSUs converted to common stock on June 15, 2026
Transaction price per share $0.00 per share RSU conversion price
Shares held after transaction 201,635 shares Common stock directly owned following RSU vesting
RSUs exercised 1,609 units Restricted stock units converted to common stock
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
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.
Common Stock, par value $0.0001 financial
"security_title: "Common Stock, par value $0.0001""
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
vesting financial
"Reflects shares of IAC common stock acquired upon the vesting of restricted stock units"
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 →
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*
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)
XDirector10% 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)
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)06/15/2026M1,609A$0201,635D
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$006/15/2026M1,609 (2) (2)Common Stock, par value $0.00011,609$00D
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 15, 2024, 2025, and 2026 subject to continued service.
Remarks:
/s/ Kendall Handler as Attorney-In-Fact for Bryan Lourd06/17/2026
** 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 People Inc (PPLI) disclose for Lourd Bryan?

People Inc reported that director Lourd Bryan acquired 1,609 shares of common stock through the vesting of restricted stock units. This non-cash transaction converted existing RSUs into shares, rather than reflecting an open-market purchase or sale.

Was the People Inc (PPLI) Form 4 a stock purchase or sale?

The Form 4 did not show an open-market purchase or sale. Instead, it reported the vesting and conversion of 1,609 restricted stock units into common shares, coded as an option or derivative exercise (transaction code M).

How many People Inc (PPLI) shares does Lourd Bryan hold after this filing?

After the RSU vesting reported in this Form 4, Lourd Bryan directly holds 201,635 shares of People Inc common stock. This figure reflects his position immediately following the 1,609-share RSU conversion on June 15, 2026.

What do the restricted stock units mean in the People Inc (PPLI) filing?

The restricted stock units represent equity awards that convert into common shares upon vesting. In this filing, 1,609 RSUs vested and turned into the same number of People Inc common shares, with the RSU balance for that award dropping to zero afterward.

Did Lourd Bryan pay cash for the People Inc (PPLI) shares acquired?

The filing shows a transaction price of $0.00 per share for the 1,609 shares. This indicates the shares were received through RSU vesting as compensation, not bought with cash in an open-market transaction.