Form 4: IAC Director David Rosenblatt Acquires Shares Through Restricted Stock Unit Vesting

IAC Inc. Director David S. Rosenblatt has increased his beneficial ownership of company common stock by 1,257 shares following the vesting of restricted stock units.

Summary

• David S. Rosenblatt, a Director of IAC Inc., acquired 1,257 shares of IAC common stock on June 23, 2025, through the vesting of restricted stock units (RSUs).
• The acquisition was made at a price of $0 per share, indicating it was a non-cash transaction related to RSU vesting.
• Following this transaction, Mr. Rosenblatt beneficially owns a total of 85,756 shares of IAC common stock.
• This total includes 59,763 shares held directly (personally or through a trust) and 25,993 share units accrued under the Non-Employee Director Deferred Compensation Plan.
• The vested RSUs were part of a grant that vested in equal installments on June 23, 2023, 2024, and 2025, contingent on continued service.
• The amount of unvested restricted stock units was adjusted to reflect the Angi Inc. spin-off, which was completed on March 31, 2025.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it reflects a routine increase in a director's beneficial ownership, aligning their interests with shareholders, which is generally viewed favorably. There are no negative implications from this specific filing.

Positives

• The transaction increases the direct beneficial ownership of IAC common stock by a company director, aligning his interests further with shareholders.
• The vesting of restricted stock units is a pre-scheduled compensation event, indicating stability in executive compensation plans.

Future Outlook

The document primarily reports a past transaction (vesting of RSUs) and does not provide forward-looking statements regarding the company's financial performance or strategic direction, beyond the completion of the Angi Inc. spin-off which has already occurred.

Management Comments

• The filing indicates that the shares were acquired upon the vesting of restricted stock units, as per the company's compensation plan for non-employee directors.

Industry Context

This Form 4 filing is a routine disclosure of insider stock ownership changes, common across all publicly traded companies. It reflects a standard compensation mechanism (RSU vesting) for directors, which is a widespread practice in the industry to align director interests with shareholder value.

Stakeholder Impact

• Shareholders: The increase in a director's beneficial ownership through RSU vesting can be seen as a positive signal of continued alignment between management and shareholder interests.

Key Dates

Keywords

IAC Inc., IAC, Form 4, SEC filing, insider ownership, restricted stock units, RSU vesting, director compensation, stock acquisition, beneficial ownership