Joseph Levin - Feb 23, 2024 Form 4 Insider Report for IAC Inc. (IAC)

Role
CEO, Director
Signature
Tanya M. Stanich as Attorney-in-Fact for Joseph Levin
Stock symbol
IAC
Transactions as of
Feb 23, 2024
Transactions value $
-$2,389,458
Form type
4
Date filed
2/27/2024, 04:30 PM
Previous filing
Oct 4, 2022

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 $1.35M +100K +3.04% $13.48 3.39M Feb 23, 2024 Direct F1
transaction IAC Common Stock, par value $0.0001 Tax liability -$3.74M -65.9K -1.95% $56.69 3.32M Feb 23, 2024 Direct F2, F3

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 Options to Purchase Common Stock, par value $0.0001 Options Exercise $0 -100K -100% $0.00* 0 Feb 23, 2024 Common Stock, par value $0.0001 100K $13.48 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of IAC common stock acquired upon the net exercise of stock options that were granted to the reporting person in August 2014 and were otherwise scheduled to expire in August 2024.
F2 Represents shares of IAC common stock withheld to cover exercise price and tax obligations in connection with the net exercise of stock options described in footnote 1 above.
F3 As a result of the transactions described in footnotes 1 and 2 above, the reporting person acquired and holds an additional 34,072 shares of IAC common stock. No shares of IAC common stock were sold in connection with these transactions.
F4 Represents vested stock options that were granted to the reporting person in August 2014 and were otherwise scheduled to expire in August 2024.