Christopher Halpin - Feb 8, 2024 Form 4 Insider Report for IAC Inc. (IAC)

Role
EVP, CFO & COO
Signature
Tanya M. Stanich as Attorney-in-Fact for Christopher Halpin
Stock symbol
IAC
Transactions as of
Feb 8, 2024
Transactions value $
-$1,606,021
Form type
4
Date filed
2/12/2024, 08:30 PM
Previous filing
Feb 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IAC Common Stock, par value $0.0001 Options Exercise $0 +56.5K +498.11% $0.00 67.8K Feb 8, 2024 Direct F1
transaction IAC Common Stock, par value $0.0001 Tax liability -$1.61M -31.3K -46.2% $51.25 36.5K Feb 8, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IAC Restricted Stock Units Options Exercise $0 -56.5K -37.5% $0.00 94.1K Feb 8, 2024 Common Stock, par value $0.0001 56.5K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares of IAC common stock acquired upon the vesting of restricted stock units (see footnote 3 below).
F2 Represents shares withheld to cover taxes due in connection with vesting of restricted stock units (see footnote 3 below).
F3 Represents restricted stock units that vest in four installments on the first (37.5%), second (37.5%), third (12.5%) and fourth (12.5%) anniversaries of the grant date, subject to continued service.