[SCHEDULE 13G/A] People Inc Amended Passive Investment Disclosure
People Inc ownership reported at 4.6% stake
Southeastern Asset Management, Inc. reports beneficial ownership of 3,131,835 shares of People Inc (formerly IAC Inc.) common stock, representing 4.6% of the outstanding class.
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Southeastern Asset Management, Inc. reports beneficial ownership of 3,131,835 shares of People Inc (formerly IAC Inc.) common stock, representing 4.6% of the outstanding class. These shares give Southeastern sole voting and dispositive power over 367,634 shares and shared voting and dispositive power over 2,764,201 shares. The securities are People Inc common stock with a par value of $0.0001 per share. O. Mason Hawkins is listed as a reporting person but reports 0 shares beneficially owned and 0% of the class, with no sole or shared voting or dispositive power. Southeastern and Hawkins also enter into a joint reporting arrangement for this ownership disclosure.
Key Figures
Beneficial ownership:3,131,835 sharesPercent of class owned:4.6%Sole voting and dispositive power:367,634 shares+2 more
5 metrics
Beneficial ownership3,131,835 sharesShares of People Inc common stock beneficially owned by Southeastern Asset Management
Percent of class owned4.6%Portion of People Inc common stock outstanding reported as beneficially owned
Sole voting and dispositive power367,634 sharesShares over which Southeastern has sole voting and dispositive power
Shared voting and dispositive power2,764,201 sharesShares over which Southeastern has shared voting and dispositive power
Hawkins beneficial ownership0 shares (0%)O. Mason Hawkins reports no beneficial ownership of People Inc common stock
Key Terms
beneficially owned, sole voting power, shared dispositive power, Ownership of 5 percent or less of a class, +1 more
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting powerfinancial
"Sole Voting Power 367,634.00 6 | Shared Voting Power 2,764,201.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
shared dispositive powerfinancial
"Shared Dispositive Power 2,764,201.00 9 3,131,835.00"
Ownership of 5 percent or less of a classregulatory
"Item 5. | Ownership of 5 Percent or Less of a Class."
joint filing agreementregulatory
"Joint Filing Agreement In accordance with Rule 13d-1 (k)"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What ownership in People Inc (PPLI) does Southeastern Asset Management report?
Southeastern Asset Management reports 3,131,835 shares of People Inc common stock, representing 4.6% of the outstanding class. This stake includes both sole and shared voting and dispositive powers over the reported shares.
How are voting and dispositive powers over People Inc (PPLI) shares allocated for Southeastern?
Southeastern has sole voting and dispositive power over 367,634 shares and shared voting and dispositive power over 2,764,201 shares. These figures together make up its total beneficial ownership of People Inc common stock.
What percentage of People Inc (PPLI) does O. Mason Hawkins personally own?
O. Mason Hawkins reports 0 shares beneficially owned, corresponding to 0% of the class. He has no sole or shared voting power and no sole or shared dispositive power over People Inc common stock in this report.
Why does the People Inc (PPLI) report mention ownership of 5 percent or less?
The report states ownership of 4.6% of the class, which is 5 percent or less. This indicates the reporting persons now hold less than a 5% stake, a threshold that affects ongoing reporting obligations under beneficial ownership rules.
Who are the reporting persons for this People Inc (PPLI) ownership disclosure?
The reporting persons are Southeastern Asset Management, Inc. and O. Mason Hawkins. They also enter a joint filing agreement so that their beneficial ownership information regarding People Inc common stock is reported together in one submission.
What class of securities of People Inc (PPLI) is covered by this ownership report?
The report covers common stock of People Inc, with a par value of $0.0001 per share and CUSIP 44891N208. All ownership figures, voting powers, and percentages relate specifically to this class of securities.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
People Inc (Formerly IAC INC.)
(Name of Issuer)
Common Stock, par value $0.0001
(Title of Class of Securities)
44891N208
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
44891N208
1
Names of Reporting Persons
Southeastern Asset Management, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
TENNESSEE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
367,634.00
6
Shared Voting Power
2,764,201.00
7
Sole Dispositive Power
367,634.00
8
Shared Dispositive Power
2,764,201.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,131,835.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.6 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
44891N208
1
Names of Reporting Persons
O. Mason Hawkins
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
People Inc (Formerly IAC INC.)
(b)
Address of issuer's principal executive offices:
555 West 18th Street, New York, NY, 10011
Item 2.
(a)
Name of person filing:
(1) Southeastern Asset Management, Inc., ("Southeastern")
(2) Mr. O. Mason Hawkins, ("Mr. Hawkins")
(b)
Address or principal business office or, if none, residence:
For all Reporting Persons:
5100 Poplar Avenue, Suite 2450, Memphis, TN 38137
(c)
Citizenship:
(1) Southeastern - Tennessee
(2) Mr. Hawkins - United States of America
(d)
Title of class of securities:
Common Stock, par value $0.0001
(e)
CUSIP No.:
44891N208
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
(1) Southeastern - 3131835
(2) Mr. Hawkins - 0
(b)
Percent of class:
4.6 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
(1) Southeastern - 367634
(2) Mr. Hawkins - 0
(ii) Shared power to vote or to direct the vote:
(1) Southeastern - 2764201
(2) Mr. Hawkins - 0
(iii) Sole power to dispose or to direct the disposition of:
(1) Southeastern - 367634
(2) Mr. Hawkins - 0
(iv) Shared power to dispose or to direct the disposition of:
(1) Southeastern - 2764201
(2) Mr. Hawkins - 0
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Not Applicable.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Not Applicable.
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
Not Applicable.
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
Not Applicable.
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Southeastern Asset Management, Inc.
Signature:
/s/ Andrew R. McCarroll
Name/Title:
Andrew R. McCarroll, General Counsel
Date:
08/14/2026
O. Mason Hawkins
Signature:
/s/ O. Mason Hawkins
Name/Title:
O. Mason Hawkins, Individually
Date:
08/14/2026
Exhibit Information
Joint Filing Agreement
In accordance with Rule 13d-1 (k) under the Securities Exchange Act of 1934, the persons or entities named below agree to the joint filing on behalf of each of them of this Schedule 13G with respect to the Securities of the Issuer and further agree that this joint filing agreement be included as an exhibit to this Schedule 13G. In evidence thereof, the undersigned hereby execute this Agreement as of August 14, 2026.
Southeastern Asset Management, Inc.
By /s/ Andrew R. McCarroll
Andrew R. McCarroll, General Counsel
O. Mason Hawkins, Individually
/s/ O. Mason Hawkins
