SPOON ALAN G 4

What Happened

• Alan G. Spoon, a director of People Inc (PPLI), reported the exercise/conversion of a derivative on 2026-06-15 that resulted in 1,609 shares being acquired at $0.00 and a corresponding disposition of 1,609 shares at $0.00. The filing identifies these as shares arising from the vesting/conversion of restricted stock units (RSUs).

Key Details

• Transaction date: 2026-06-15; Form 4 filed: 2026-06-17 (appears timely).
• Reported amounts/prices: 1,609 shares acquired @ $0.00; 1,609 shares disposed @ $0.00; total value reported = $0.
• Shares owned after the transaction: Not specified in the provided filing.
• Relevant footnotes from the filing:
  • F1: Indicates shares were acquired upon RSU vesting.
  • F2: Corrects a previously reported holdings balance (administrative correction; no transactions omitted).
  • F3: RSUs vest in equal installments on June 15, 2024, 2025, and 2026, subject to continued service.
• The filing classifies the event as an exercise/conversion of a derivative (transaction code M).

Context

• The $0.00 acquisition price and the footnotes indicate these shares came from the vesting/conversion of previously granted RSUs rather than a market purchase. The Form 4 also shows a matching disposition of the same number of shares; the filing does not state the reason for that disposition (such as tax withholding or sale). This is routine insider reporting of equity award vesting rather than a cash purchase or voluntary sale.