Clinton Chelsea 4

What Happened

• Clinton Chelsea, a director of People Inc (PPLI), had 2,263 restricted stock units (RSUs) vest and converted into 2,263 shares of common stock. The reported acquisition price is $0.00, reflecting a vesting/settlement rather than a cash purchase. The Form 4 also shows a related derivative conversion/disposition entry tied to the same 2,263 shares; no cash value was reported.

Key Details

• Transaction dates and prices:
  • 2026-06-18: Acquisition on conversion/vesting — 2,263 shares at $0.00 (RSU vesting).
  • 2026-06-23: Related derivative conversion/disposition entry for 2,263 shares at $0.00.
• Shares owned after transaction: not disclosed in the filing.
• Footnotes:
  • F1: Shares reflect IAC common stock acquired upon RSU vesting (as reported).
  • F2: The RSUs vest in equal installments on each of June 18, 2026, 2027, and 2028, subject to continued service.
• Filing timeliness: Report filed 2026-06-23 for a 2026-06-18 vesting — listed as late (reporting timeliness = L).

Context

• The entries are derivative-related (code M): this reflects conversion/settlement of RSUs into common shares rather than a market purchase or a standard sale. No cash consideration or open‑market sale is reported here. The vesting schedule indicates further installments in 2027 and 2028, subject to continued service.