SCHEDULE 13G/A: HighSage Ventures and Jennifer Stier Disclose Significant Stake in IAC Inc.

HighSage Ventures LLC and Jennifer Stier have filed an amended Schedule 13G, disclosing beneficial ownership of 6.1% and 6.7% respectively, of IAC Inc.'s common stock as of March 31, 2025.

Summary

• HighSage Ventures LLC and Jennifer Stier, collectively referred to as the 'Reporting Persons', have filed an Amendment No. 3 to Schedule 13G regarding their beneficial ownership in IAC Inc.
• As of March 31, 2025, HighSage Ventures LLC beneficially owns 4,562,068 shares of IAC Inc. Common Stock, representing 6.1% of the class.
• As of March 31, 2025, Jennifer Stier beneficially owns 4,980,626 shares of IAC Inc. Common Stock, representing 6.7% of the class.
• Both reporting persons hold shared voting and shared dispositive power over their respective reported shares.
• The percentages are calculated based on 74,347,574 shares of Common Stock outstanding as of March 25, 2025, as reported by IAC Inc. in its Form 8-K filed on March 28, 2025.
• Jennifer Stier is the Manager of HighSage Ventures LLC, and the shares are directly held by certain limited liability companies managed by either HighSage Ventures LLC or Jennifer Stier.
• The filing certifies that the securities were not acquired and are not held for the purpose or effect of changing or influencing the control of IAC Inc., other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of significant beneficial ownership, common in the financial industry for investors or groups holding more than 5% of a company's stock. It provides transparency regarding major shareholders but does not offer insights into broader industry trends or competitive dynamics.

Related Party Transactions

• The shares of Common Stock reported are directly held by certain limited liability companies managed by either HighSage Ventures LLC or Jennifer Stier. Jennifer Stier is the Manager of HighSage Ventures LLC, indicating a related party structure for the beneficial ownership.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant ownership stakes by HighSage Ventures LLC and Jennifer Stier, which can influence perceptions of stability and investor confidence. The filing explicitly states the ownership is not for control purposes, which may reassure existing management and other shareholders.

Key Dates

Keywords

IAC Inc., HighSage Ventures LLC, Jennifer Stier, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment, Shareholding