Director Alan G. Spoon exercises 2,076 RSUs at People Inc (PPLI)

Rhea-AI Filing Summary

Director Alan G. Spoon exercised restricted stock units to acquire 2,076 shares of People Inc common stock on June 11, 2026. These shares were delivered at a stated price of $0.00 per share as part of his equity compensation, rather than an open‑market purchase.

After this transaction, Spoon directly holds 244,505 shares of common stock. A related grant of 2,076 restricted stock units is scheduled to vest in equal installments on June 11, 2025, 2026, and 2027, contingent on his continued service with the company.

Insider Trade Summary

2,076 shares exercised/converted

Mixed 2 txns

Insider SPOON ALAN G

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	2,076	$0.00	--
Exercise	Common Stock, par value $0.0001	2,076	$0.00	--

Holdings After Transaction: Restricted Stock Units — 2,076 shares (Direct, null); Common Stock, par value $0.0001 — 244,505 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 11, 2025, 2026, and 2027, subject to continued service.

Key Figures

RSUs exercised: 2,076 shares Post-transaction holdings: 244,505 shares RSU vesting schedule: 2,076 RSUs +1 more

4 metrics

RSUs exercised 2,076 shares Restricted stock units converted to common stock on June 11, 2026

Post-transaction holdings 244,505 shares Common stock directly held after the Form 4 transaction

RSU vesting schedule 2,076 RSUs Vest in equal installments on June 11, 2025, 2026, 2027

Par value $0.0001 per share Common stock par value stated in the security title

Key Terms

Restricted Stock Units, derivative security, par value $0.0001, vest in equal installments

4 terms

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.

par value $0.0001 financial

"Common Stock, par value $0.0001"

vest in equal installments financial

"Represents RSUs that vest in equal installments on each of June 11, 2025, 2026, and 2027"

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Form 4 Insider Transactions: What Each Field Means →

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)
06/11/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.0001(1)	06/11/2026		M		2,076	A	$0	244,505	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units(2)	$0	06/11/2026		M			2,076	(2)	(2)	Common Stock, par value $0.0001	2,076	$0	2,076	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 11, 2025, 2026, and 2027, subject to continued service.

Remarks:

	/s/ Kendall Handler as Attorney-In-Fact for Alan Spoon	06/15/2026
	** 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)

FAQ

What insider transaction did People Inc (PPLI) director Alan G. Spoon report?

Alan G. Spoon reported exercising restricted stock units into 2,076 shares of common stock. This was a compensation-related derivative exercise, not an open-market stock purchase or sale, and increased his directly held People Inc common shares.

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

Following the June 11, 2026 transaction, Alan G. Spoon directly holds 244,505 shares of People Inc common stock. This figure reflects his position after the restricted stock units were exercised into 2,076 additional shares.

Was the People Inc (PPLI) Form 4 a stock buy or sell in the market?

The Form 4 does not show any open-market buy or sell. It records a derivative exercise, where restricted stock units converted into 2,076 shares of common stock at a stated price of $0.00 per share as part of equity compensation.

What are the vesting terms of Alan G. Spoon’s restricted stock units at People Inc (PPLI)?

The filing states that 2,076 restricted stock units vest in equal installments on June 11, 2025, 2026, and 2027, subject to continued service. Each vesting installment converts into common shares according to the award terms.

Does this People Inc (PPLI) Form 4 indicate remaining derivative holdings for Alan G. Spoon?

The derivative summary in the data shows no remaining derivative positions after this transaction. The reported 2,076 restricted stock units were exercised into common stock, and no additional derivative awards are listed in this filing excerpt.