Handler Kendall 4

What Happened

• Kendall Handler, EVP & Chief Legal Officer of IAC Inc. (IAC), had restricted stock units (RSUs) convert/vest into common shares on Feb 6 and Feb 8, 2026 and was granted additional RSUs on Feb 9, 2026. Approximately 90,998 shares were delivered on vesting/conversion (19,388; 43,042; 28,568). To cover tax obligations, 46,646 shares were withheld/disposed at an implied price of $35.65, totaling $1,662,931. Separately, Handler received a grant of 123,220 RSUs on Feb 9, 2026 (reported as a derivative award).

Key Details

• Transaction dates: conversions/vesting recorded Feb 6 and Feb 8, 2026; grant recorded Feb 9, 2026.
• Tax withholding: 9,898 + 22,164 + 14,584 = 46,646 shares withheld; withholding value = $352,864 + $790,147 + $519,920 = $1,662,931 (using $35.65/share).
• Acquisitions: conversion/vesting delivered 19,388; 43,042; 28,568 = 90,998 shares acquired (reported at $0 because they are RSU conversions/derivative settlements).
• Grant: 123,220 RSUs awarded (reported as derivative; subject to vesting schedule per footnotes).
• Footnotes: F1/F2 indicate shares from RSU vesting and shares withheld for taxes; F3–F7 describe varying vesting schedules; F4 notes RSU amounts were adjusted for the March 31, 2025 Angi spin-off.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Filing timeliness: no late filing flag indicated in the supplied data.

Context

• These entries reflect RSU vesting/conversion and routine withholding to cover taxes (transaction codes M = exercise/conversion of derivative; F = payment of exercise price/tax liability). This is a tax-withholding transaction, not an open-market sale — commonly a neutral, administrative action rather than a signal of confidence or concern about the stock. The Feb 9 entry is a grant of additional restricted stock units that will vest according to the schedules in the footnotes.