ROSENBLATT DAVID S 4

What Happened

• David S. Rosenblatt, a director of People Inc (PPLI), had 2,263 restricted stock units (RSUs) vest on June 18, 2026. The Form 4 reports an exercise/conversion of a derivative instrument yielding 2,263 shares at $0.00 (acquired) and a corresponding derivative disposition of 2,263 shares at $0.00. The filing reports no cash paid or received for these shares.

Key Details

• Transaction date: June 18, 2026; Form 4 filed June 23, 2026.
• Reported prices: $0.00 per share (reflects vesting/settlement, not a market purchase).
• Shares acquired/disposed: 2,263 shares (acquisition upon RSU vesting and conversion/settlement).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 indicates these shares were acquired upon RSU vesting; F2 notes the RSU award vests in equal installments on June 18 of 2026, 2027 and 2028 subject to continued service.
• Filing timeliness: filing date and transaction date are shown; the filing does not include an explicit late-filing flag in the excerpt provided.

Context

• This was a vesting/settlement event (award conversion), not an open-market buy or sell. Such vesting is routine compensation/vesting activity and does not by itself indicate a change in the director’s market view.
• Derivative-code M is used on the Form 4 for the conversion/exercise reporting; the footnotes clarify these were RSUs vesting into common shares rather than an option purchase.