Hammer Bonnie S 4

What Happened

• Bonnie S. Hammer, a director of People Inc (PPLI), recorded the conversion/exercise of a derivative on June 18, 2026 that resulted in 2,263 shares being acquired (reported at $0 per share). The same number of shares (2,263) is also reported as disposed on the same date (also at $0). The filing notes these shares relate to restricted stock units (RSUs) that vested.

Key Details

• Transaction date: June 18, 2026; Form 4 filed: June 23, 2026 (filed one business day after the presumptive two-business-day deadline).
• Reported prices: $0.00 per share for both acquisition and disposition (derivative conversion/settlement).
• Shares involved: 2,263 acquired and 2,263 disposed (both reported as derivative transactions, code M).
• Shares owned after the transaction: Not disclosed in the provided filing excerpt.
• Footnotes: F1 — shares reflect IAC common stock acquired upon RSU vesting. F2 — these RSUs vest in equal installments on June 18 of 2026, 2027, and 2028, subject to continued service.
• Filing timeliness: Filed June 23 for a June 18 transaction (appears to be one business day late relative to the typical two-business-day Form 4 deadline).

Context

• Code M denotes an exercise or conversion of a derivative. Here, the filing indicates RSU vesting and conversion to common stock rather than an open-market purchase or sale. The simultaneous acquisition and disposal are reported but the filing does not detail the reason for the disposal (e.g., tax withholding, transfer, or net settlement). This is routine insider award vesting and does not by itself indicate a buy or sell signal.