Von Furstenberg Alexander 4

What Happened

• Alexander von Furstenberg, a director of People Inc (PPLI), had a derivative converted/ exercised that resulted in 2,076 shares being issued to him on June 11, 2026. The filing shows the acquisition at $0.00 per share (no cash paid) and a simultaneous disposition entry for 2,076 derivative interests (reflecting conversion/cancellation of the derivative).
• The transaction reflects the vesting/conversion of restricted stock units (RSUs) into common shares rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-11; Form 4 filed: 2026-06-15 (filed timely).
• Reported prices: $0.00 per share (no cash paid on conversion); no market dollar value is reported in the filing.
• Shares acquired: 2,076 common shares upon conversion/vesting.
• Disposed: 2,076 derivative interests (reported as conversion/cancellation).
• Footnotes: F1 = shares acquired upon RSU vesting; F2 = RSUs vest in equal installments on June 11 of 2025, 2026, and 2027, subject to continued service.
• Shares owned after the transaction are not specified in the provided summary of the Form 4.

Context

• This was not an open‑market buy or sale; it was the conversion/vesting of RSUs into shares (derivative exercise/conversion, SEC code M). Such transactions commonly reflect compensation vesting rather than a trading decision.
• Because the reported acquisition price was $0.00, no purchase price was paid — the issuance resulted from prior award grants vesting per the stated schedule.