4/A: IAC Director Updates Share Holdings Post-Angi Spin

IAC Director Alan G. Spoon filed an amended Form 4 to update his beneficial ownership of common stock, reflecting adjustments following the Angi Inc. spin-off.

Summary

• Alan G. Spoon, a Director at IAC Inc., filed an amended Statement of Changes in Beneficial Ownership (Form 4/A).
• The amendment updates his beneficial ownership of IAC common stock following the spin-off of Angi Inc.
• The Angi Spin-off was completed on March 31, 2025, through a special dividend of Angi Class A Common Stock to IAC shareholders.
• Mr. Spoon now directly holds 270,206 shares of IAC common stock, which includes 105,368 directly held shares and 164,838 share units accrued under the Non-Employee Director Deferred Compensation Plan.
• He also indirectly holds 15,000 shares through a family LLC, disclaiming beneficial ownership except for his pecuniary interest.

Sentiment

Score: 5

Explanation: This is a routine compliance filing updating a director's beneficial ownership following a corporate spin-off, providing no inherently positive or negative financial performance information.

Positives

• Compliance with SEC regulations by updating beneficial ownership post-spin-off.
• Clear disclosure of direct and indirect holdings.

Negatives

• No negative financial or operational information is disclosed in this compliance filing.

Risks

• Intentional misstatements or omissions of facts constitute Federal Criminal Violations (18 U.S.C. 1001 and 15 U.S.C. 78ff(a)).

Future Outlook

NA

Industry Context

This filing reflects a standard compliance update for a director's holdings following a corporate restructuring event, specifically a spin-off, which is a common strategy for companies to unlock shareholder value or streamline operations.

Related Party Transactions

• Indirect beneficial ownership of 15,000 shares through a family LLC, with the reporting person disclaiming beneficial ownership except for his pecuniary interest.

Stakeholder Impact

• Provides transparency to shareholders regarding a director's updated beneficial ownership in the company.

Key Dates

Keywords

IAC, Alan G. Spoon, Director, Form 4/A, Beneficial Ownership, Angi Spin-off, Common Stock, Deferred Compensation