ROSENBLATT DAVID S 4

What Happened
David S. Rosenblatt, a director of People Inc (PPLI), had 2,076 shares issued to him upon the vesting/conversion of a derivative instrument on June 11, 2026. The Form 4 records an exercise/conversion entry (code M) showing 2,076 shares acquired at $0.00 and a corresponding derivative disposition of 2,076 shares at $0.00. This reflects RSUs vesting rather than an open‑market purchase or sale.

Key Details

• Transaction date: June 11, 2026. Form filed: June 15, 2026 (filed within required reporting window).
• Transaction code: M (exercise or conversion of a derivative instrument).
• Shares acquired: 2,076 at $0.00 per share; reported disposition of 2,076 derivative shares at $0.00.
• Cash value reported on Form 4: $0 (no cash paid); market value of the shares at vesting is not shown on the filing.
• Shares owned after the transaction: not specified in the provided filing excerpts.
• Footnotes included 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.

Context
The entries describe RSU vesting/derivative conversion — a routine compensation event where restricted stock units convert to common shares. The $0.00 per‑share price indicates shares were issued upon vesting rather than purchased; this is not a market buy or sale signaling trading intent. Such award vestings are typical executive/director compensation and do not, by themselves, indicate a change in insider sentiment.