ROSENBLATT DAVID S 4

What Happened

• David S. Rosenblatt, a director of People Inc (PPLI), reported the vesting/conversion of 1,609 restricted stock units (RSUs) on June 15, 2026. The Form 4 shows an "exercise/conversion" (derivative code M) for 1,609 shares acquired at $0.00 and a corresponding derivative disposition for 1,609 shares at $0.00, reflecting the RSU settlement. No cash was paid for these shares (reported value $0).

Key Details

• Transaction date: June 15, 2026 (reported on Form 4 filed June 17, 2026).
• Shares involved: 1,609 RSU shares vested/converted.
• Price: $0.00 per share (award/settlement, not an open-market purchase).
• Shares owned after transaction: not specified in the provided excerpt; filing footnote indicates a corrected holdings balance (Footnote F2).
• Footnotes: F1 — shares acquired upon RSU vesting; F3 — these RSUs vested in equal installments on June 15, 2024, 2025, and 2026 subject to continued service; F2 — correction to previously reported holdings balance.
• Filing timeliness: Reported on June 17 for a June 15 transaction — appears timely (no late filing indicated).

Context

• This was a scheduled RSU vesting/settlement (award), not an open-market buy or sale. The Form 4 shows conversion/settlement of the derivative RSUs into common shares; there is no indication the shares were sold immediately. Awards and vesting events reflect compensation/retention arrangements and do not, by themselves, indicate a director’s view on the stock’s near-term prospects.