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

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
27 Feb 2024, 16:30:01 UTC
Prior SEC filing
04 Oct 2022
Next SEC filing
15 Jan 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Tanya M. Stanich as Attorney-in-Fact for Joseph Levin

Key filing fact

Joseph M. Levin filed Form 4 for IAC Inc. (IAC) on 27 Feb 2024.

Key facts

  • This page summarizes Joseph M. Levin's Form 4 filing for IAC Inc. (IAC).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 27 Feb 2024, 16:30.

Change

  • Previous filing in this sequence was filed on 04 Oct 2022.
  • Current net transaction value: -$2,389,458.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

IAC transaction

Common Stock, par value $0.0001

Options Exercise

Transaction value
$1,348,000
Shares
+100,000
Change %
+3%
Price
$13.48
Shares after
3,387,614
Date
23 Feb 2024
Ownership
Direct
Footnotes
F1
IAC transaction

Common Stock, par value $0.0001

Tax liability

Transaction value
$3,737,458
Shares
-65,928
Change %
-1.9%
Price
$56.69
Shares after
3,321,686
Date
23 Feb 2024
Ownership
Direct
Footnotes
F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

IAC transaction Derivative

Options to Purchase Common Stock, par value $0.0001

Options Exercise

Transaction value
$0
Shares
-100,000
Change %
-100%
Price
$0.000000*
Shares after
0
Date
23 Feb 2024
Ownership
Direct
Underlying class
Common Stock, par value $0.0001
Underlying amount
100,000
Exercise price
$13.48
Footnotes
F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote F4

Represents vested stock options that were granted to the reporting person in August 2014 and were otherwise scheduled to expire in August 2024.

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