Clinton Chelsea 4

What Happened

• Clinton Chelsea, a director of People Inc (PPLI), acquired 2,076 shares on June 11, 2026 at a reported price of $0.00 — this reflects shares issued upon the vesting/conversion of restricted stock units (RSUs). The Form 4 also shows a matching derivative conversion entry (code M) for 2,076 shares at $0.00, indicating the RSUs were converted into common shares rather than an open-market purchase or sale. No proceeds were reported.

Key Details

• Transaction date: 2026-06-11. Filing date (Form 4): 2026-06-15 (timely).
• Reported amounts: 2,076 shares acquired at $0.00; corresponding derivative conversion/disposition of 2,076 shares at $0.00.
• Shares owned after transaction: not disclosed in the provided excerpt of the filing.
• Footnotes from the filing:
  • F1: "Reflects shares of IAC common stock acquired upon the vesting of restricted stock units (RSUs)." (as stated in the filing)
  • F2: "Represents RSUs that vest in equal installments on each of June 11, 2025, 2026, and 2027, subject to continued service."
• No sale, cashless exercise, or tax-withholding sale is reported in this excerpt.

Context

• This was a vesting/conversion of RSUs (derivative conversion, code M), not an open-market buy or sale. Such transactions typically reflect compensation vesting rather than a director purchasing shares with cash. As reported, there was no cash paid or proceeds received in connection with the conversion.