Form 4: IAC Director Richard Zannino Increases Stake Through Restricted Stock Unit Vesting

IAC Inc. Director and 10% Owner Richard F. Zannino acquired 2,076 shares of common stock through the vesting of restricted stock units, increasing his direct beneficial ownership to 55,620 shares.

Summary

• Richard F. Zannino, a Director and 10% Owner of IAC Inc., acquired 2,076 shares of IAC common stock on June 11, 2025.
• These shares were acquired upon the vesting of restricted stock units (RSUs) at a price of $0 per share.
• Following this transaction, Mr. Zannino's direct beneficial ownership of IAC common stock increased to 55,620 shares.
• The vested RSUs are part of a grant that vests in equal installments beginning on June 11, 2025, with subsequent vesting dates on June 11, 2026, and June 11, 2027, subject to continued service.
• The amount of unvested restricted stock units reported has been adjusted to reflect the spin-off of Angi Inc. completed on March 31, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It's a routine insider transaction (vesting of RSUs), which is expected. The increase in direct beneficial ownership by a director and 10% owner, even through vesting, can be seen as a positive sign of continued alignment with shareholder interests.

Positives

• The acquisition of shares through RSU vesting indicates continued equity alignment between a key director/owner and the company's performance.
• The vesting schedule extending to 2027 implies a commitment to continued service by Mr. Zannino.

Future Outlook

The remaining restricted stock units are scheduled to vest in equal installments on June 11, 2026, and June 11, 2027, contingent upon Richard F. Zannino'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..." (from Power of Attorney signed by Richard F. Zannino)

Industry Context

This filing is a routine insider transaction report (Form 4) and does not provide broader industry context or trends. It reflects an individual's equity compensation and ownership changes within IAC Inc.

Corporate Governance

Stakeholder Impact

• Shareholders: The transaction demonstrates a director's continued equity interest in the company, potentially signaling confidence and alignment with shareholder value creation.

Next Steps

• Future vesting of remaining restricted stock units on June 11, 2026, and June 11, 2027, subject to continued service.

Key Dates

Keywords

IAC Inc., Richard F. Zannino, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Common Stock, Beneficial Ownership, Director, 10% Owner