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Director at People Inc (PPLI) converts 1,609 RSUs into common stock

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

Rhea-AI Filing Summary

People Inc director David S. Rosenblatt exercised restricted stock units into 1,609 shares of common stock on June 15, 2026, as part of his equity compensation. After this vesting and conversion, he holds 94,998 common shares directly. The filing also corrects his previously reported holdings balance.

Positive

  • None.

Negative

  • None.
Insider ROSENBLATT DAVID S
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 — 94,998 shares (Direct, null)
Footnotes (1)
  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.
RSUs exercised 1,609 shares Restricted Stock Units converted to common stock on June 15, 2026
Post-transaction holdings 94,998 shares Common stock directly held after transactions
Exercise price $0.0000 per share Conversion price for RSUs into common stock
Exercise transactions 1 derivative, 1 non-derivative Both linked to conversion of 1,609 RSUs
Exercise count summary 1 exercise, 1,609 shares Form 4 transactionSummary exercise data
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.
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.
vest financial
"Represents RSUs that vest in equal installments on each of June 15, 2024, 2025, and 2026"
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.
administrative error financial
"corrected to reflect an administrative error in the previously reported holdings balance"
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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*
ROSENBLATT DAVID S
(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)
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$094,998(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$006/15/2026M1,609 (3) (3)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. 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 David Rosenblatt06/17/2026
** 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) report for David S. Rosenblatt?

People Inc reported that director David S. Rosenblatt acquired 1,609 shares of common stock through the vesting and conversion of restricted stock units on June 15, 2026. This was a compensation-related equity transaction, not an open-market purchase or sale.

How many People Inc (PPLI) shares does David S. Rosenblatt hold after this Form 4?

Following the June 15, 2026 RSU vesting and conversion, David S. Rosenblatt directly holds 94,998 shares of People Inc common stock. This figure appears in the post-transaction holdings column and reflects a corrected administrative balance from earlier reporting.

Were David S. Rosenblatt’s People Inc (PPLI) transactions open-market trades?

No, the reported activity reflects the exercise and conversion of 1,609 restricted stock units into common stock at a price of $0.0000 per share. The Form 4 shows no open-market buys or sells; all transactions are equity compensation-related exercises.

What do the restricted stock units reported for People Inc (PPLI) represent?

The restricted stock units represent equity awards that vest over time and convert into common shares. The footnotes state they vest in equal installments on June 15, 2024, 2025, and 2026, subject to continued service, with 1,609 units vesting and converting in this filing.

Did People Inc (PPLI) correct any prior holdings for David S. Rosenblatt in this Form 4?

Yes. A footnote explains that the amount reported in Column 5 has been corrected to fix an administrative error in previously reported holdings. The company notes that no transactions were omitted, indicating only the balance figure was adjusted.