Form 4: IAC Director Alexander von Furstenberg Reports Acquisition of Shares Through RSU Vesting

IAC Inc. Director and 10% Owner Alexander von Furstenberg reported the acquisition of 2,076 shares of common stock through the vesting of restricted stock units, increasing his total beneficial ownership to 100,843 shares.

Summary

• Alexander von Furstenberg, a Director and 10% Owner of IAC Inc., reported a transaction on June 11, 2025.
• The transaction involved the acquisition of 2,076 shares of IAC common stock, par value $0.0001, at a price of $0, resulting from the vesting of restricted stock units (RSUs).
• Following this transaction, Mr. von Furstenberg's direct and indirect beneficial ownership of IAC common stock increased to 100,843 shares.
• This total includes 83,424 shares held directly and 17,419 share units accrued under IAC's Non-Employee Director Deferred Compensation Plans.
• The report also indicates that 4,152 restricted stock units remain unvested, which have been adjusted to reflect the Angi Spin-off completed on March 31, 2025.
• These remaining RSUs are scheduled to vest in equal installments on June 11, 2026, and June 11, 2027, contingent on continued service.

Sentiment

Score: 7

Explanation: The sentiment is positive as it reflects a pre-scheduled equity compensation event for a director and 10% owner, increasing their stake in the company. This aligns the insider's interests with shareholders, which is generally viewed favorably. There are no negative implications from this specific filing.

Positives

• The acquisition of shares through RSU vesting indicates a pre-planned compensation event for a key insider, reflecting continued alignment of interests with shareholders.
• The increase in beneficial ownership by a Director and 10% Owner can be viewed positively as it demonstrates continued stake in the company's performance.

Risks

• The vesting of restricted stock units is subject to continued service, meaning the shares would not vest if the director's service were to cease before the vesting dates.

Future Outlook

The document indicates future vesting events for the remaining 4,152 restricted stock units, scheduled to occur in equal installments on June 11, 2026, and June 11, 2027, subject to the reporting person's continued service to the company.

Management Comments

• "The undersigned hereby constitutes and appoints each of Kendall Handler and Kyra Ayo Caros, signing singly, as the undersigned's true and lawful attorney-in-fact to: (1) execute for and on behalf of the undersigned, in the undersigned's capacity as an executive officer of IAC Inc. (the Company), Forms 3, 4 and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder (the Exchange Act) and Form ID to obtain and/or renew EDGAR codes for use in filing Forms 3, 4 and 5."
• "This Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned's obligations under the Exchange Act, including, without limitation, the reporting requirements under Section 16 of the Exchange Act."
• "Additionally, although pursuant to this Power of Attorney the Company will use commercially reasonable best efforts to timely and accurately file Section 16 reports on behalf of the undersigned, the Company does not represent or warrant that it will be able to in all cases timely and accurately file Section 16 reports on behalf of the undersigned due to various factors, including, but not limited to, the shorter deadlines mandated by the Sarbanes-Oxley Act of 2002, possible time zone differences between the Company and the undersigned and the Company's need to rely on other parties for information, including the undersigned and brokers of the undersigned."

Industry Context

This Form 4 filing is a standard disclosure of an insider transaction, specifically the vesting of equity compensation. It does not provide broader industry trends or competitive analysis but reflects common practices in executive and director compensation within publicly traded companies, particularly those that utilize equity-based incentives like Restricted Stock Units to align management interests with shareholder value.

Corporate Governance

Stakeholder Impact

• Shareholders: The increase in a director's beneficial ownership through RSU vesting can be seen as a positive signal of alignment between management and shareholder interests.
• Employees: While not directly impacting all employees, the RSU vesting is part of the company's equity compensation framework, which can influence employee retention and motivation for those with similar incentives.

Next Steps

• Future vesting of 4,152 restricted stock units in equal installments on June 11, 2026, and June 11, 2027, subject to continued service.

Key Dates

Recommendation

Keywords

SEC filing, Form 4, insider transaction, restricted stock units, RSU vesting, beneficial ownership, IAC Inc., Alexander von Furstenberg, corporate governance, director compensation