Director at People Inc (PPLI) receives 1,609 shares as RSUs vest

Rhea-AI Filing Summary

People Inc director Richard F. Zannino increased his holdings through RSU vesting. On June 15, he acquired 1,609 shares of common stock at $0.00 per share when restricted stock units vested. Following this exercise and conversion, he directly holds 62,172 common shares, and the related RSU balance is now zero.

Insider Trade Summary

1,609 shares exercised/converted

Mixed 2 txns

Insider ZANNINO RICHARD F

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 — 62,172 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.

Key Figures

RSUs converted: 1,609 shares Post-transaction holdings: 62,172 shares Exercise price: $0.00 per share

3 metrics

RSUs converted 1,609 shares Restricted stock units converted to common stock on June 15

Post-transaction holdings 62,172 shares Common shares held directly after the Form 4 transactions

Exercise price $0.00 per share Price for RSU conversion into common stock

Key Terms

Restricted Stock Units, derivative security, vesting

3 terms

Restricted Stock Units financial

"Represents RSUs that vest in equal installments on each of June 15, 2024, 2025, and 2026"

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.

vesting financial

"Reflects shares of 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 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^*

ZANNINO RICHARD F

(Last) (First) (Middle)

C/O CCMP CAPITAL ADVISORS, LLC

277 PARK AVENUE, 27TH FLOOR

(Street)

NEW YORK NEW YORK 10172

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.0001(1)	06/15/2026		M		1,609	A	$0	62,172	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	$0	06/15/2026		M			1,609	(2)	(2)	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. 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 Richard Zannino	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)

FAQ

What insider transaction did People Inc (PPLI) report for Richard F. Zannino?

People Inc reported that director Richard F. Zannino acquired 1,609 common shares through the vesting and conversion of restricted stock units. This was recorded as an exercise or conversion of a derivative security, not an open-market purchase or sale.

How many People Inc (PPLI) shares does Richard F. Zannino hold after this Form 4?

After the transaction, Richard F. Zannino directly holds 62,172 shares of People Inc common stock. This figure reflects his updated ownership following the vesting and conversion of 1,609 restricted stock units into common shares.

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

The Form 4 does not show a market buy or sell. Instead, it shows an M-code transaction where 1,609 restricted stock units were exercised or converted into common stock at $0.00 per share as part of equity compensation.

What derivative security was involved in the People Inc (PPLI) Form 4 filing?

The derivative security was restricted stock units tied to People Inc common stock. On June 15, 1,609 units converted into 1,609 common shares at a $0.00 exercise price, and the reported RSU balance related to this grant became zero afterward.

Does Richard F. Zannino still hold restricted stock units of People Inc (PPLI) after this event?

For the specific restricted stock unit grant in this filing, the post-transaction balance is zero units. All 1,609 RSUs referenced were converted into common stock, so no units from this particular RSU position remain outstanding after the transaction.