《人民公司2025年度报告》

FORM 11-K ANNUAL REPORT PURSUANT TO SECTION15(d) OF THE SECURITIES EXCHANGE ACT OF1934 FOR THEFISCAL YEAR ENDED Commission file number0-20570 A. FULL TITLE OF THE PLAN AND THE ADDRESS OF THE PLAN, IF DIFFERENT FROM THAT OF THE ISSUER NAMEDBELOW: IAC Inc. Retirement Savings Plan B. NAME OF ISSUER OF THE SECURITIES HELD PURSUANT TO THE PLAN AND THE ADDRESS OF ITS PRINCIPALEXECUTIVE OFFICE: People Incorporated (formerly IAC Inc.)555 West 18thStreetNew York, New York 10011 Table of Contents Exhibit:Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm Report of Independent Registered Public Accounting Firm To the Plan Participants and the Plan Administrator of IAC Inc. Retirement Savings Plan Opinion on the Financial Statements We have audited the accompanying statements of net assets available for benefits of IAC Inc. Retirement Savings Plan (the Plan) as ofDecember31, 2025 and 2024, and the related statement of changes in net assets available for benefits for the year ended December31,2025, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements presentfairly, in all material respects, the net assets available for benefits of the Plan at December31, 2025 and 2024, and the changes in its Basis for Opinion These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’sfinancial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting OversightBoard (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federalsecurities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the auditto obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part ofour audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due toerror or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidenceregarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles usedand significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe Supplemental Schedule Required by ERISA The accompanying supplemental schedule of assets (held at end of year) as of December31, 2025 (referred to as the “supplementalschedule”), has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. Theinformation in the supplemental schedule is the responsibility of the Plan’s management. Our audit procedures included determiningwhether the information reconciles to the financial statements or the underlying accounting and other records, as applicable, andperforming procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming /s/ Ernst & Young LLP We have served as the Plan's auditor since 1998. New York, New YorkJune22, 2026 IAC Inc. Retirement Savings PlanNotes to Financial Statements Note 1—Description of the Plan The following description of the IAC Inc. Retirement Savings Plan (the "Plan") provides only general information. Participantsshould refer to the Summary Plan Description for a more complete description of the Plan’s provisions. General The Plan is a defined contribution plan covering substantially all U.S. employees of People Incorporated (formerly IAC Inc.,which is referred to herein as "People Incorporated" or the "Company") and its subsidiaries. On June 4, 2026, IAC Inc. announced thatit changed its name to People Incorporated. This change did not impact the provisions of the Plan, and no amendments to the Plan hadbeen adopted as of the financial statement date to reflect this name change. The Plan continues to operate under the existing Plan Contributions Participants can make pre-tax contributions, after-tax contributions and/or Roth 401(k) contributions (including irrevocable In-Plan Roth rollovers) up to 50% of their eligible compensation (as defined in the Plan document) through payroll deductions.Participant contributions are subject to annual limitations established by the Internal Revenue Service ("IRS"). For 2025, the IRS Pre-tax and Roth 401(k) contributions Other IRS limits exist