SPOON ALAN G 4

What Happened
Alan G. Spoon, a director of People Inc (PPLI), received 2,076 shares on June 11, 2026 as a result of the conversion/vesting of a derivative award (reported as code M). The transaction shows 2,076 shares acquired at $0.00 (no cash paid) and a corresponding disposition of a derivative instrument for 2,076 units (also $0), consistent with RSUs converting into common shares.

Key Details

• Transaction date: 2026-06-11; Form 4 filed: 2026-06-15 (filing appears timely).
• Reported price: $0.00 per share; total reported value: $0.
• Shares involved: 2,076 shares acquired upon conversion/vesting; 2,076 derivative units disposed.
• Footnotes in the filing:
  • F1: "Reflects shares of IAC common stock acquired upon the vesting of restricted stock units (RSUs)."
  • F2: "Represents RSUs that vest in equal installments on each of June 11, 2025, 2026, and 2027, subject to continued service."
• Shares owned after the transaction are not specified in the provided filing excerpt.

Context
This was not a cash purchase or open-market sale — it reflects RSU vesting (derivative conversion to common stock). Such vesting is typically a routine compensation event for insiders and does not by itself indicate a buy/sell signal. The filing uses code M (exercise/conversion of a derivative), showing the RSU converted into shares rather than a market sale.