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Angi Inc. — Director's Dealing 2025
Apr 1, 2025
32480_dirs_2025-04-01_f93f9bd2-855b-46ab-b751-a40e5b792376.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Angi Inc. (ANGI)
CIK: 0001705110
Period of Report: 2025-03-31
Reporting Person: IAC Inc. (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-31 | Class A Common Stock, par value $0.001 | M | 41701064 | — | Acquired | 42080232 | Direct |
| 2025-03-31 | Class A Common Stock, par value $0.001 | D | 42080232 | — | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-31 | Class B Common Stock, par value $0.001 | $0 | M | 41701064 | Disposed | Class A Common Stock, par value $0.001 (41701064) | Direct |
Footnotes
F1: Represents shares of Class A common stock, par value $0.001 ("Class A Common Stock"), of Angi Inc. ("Angi") that were acquired by the reporting person upon the conversion of shares of Class B common stock, par value $0.001, of Angi ("Class B Common Stock") on a one-for-one basis pursuant to the terms of the Class B Common Stock (see footnote 3 below).
F2: On March 31, 2025, IAC Inc. ("IAC") completed the spin-off of Angi by means of a special dividend (the "Distribution") of all of the shares of Class A Common Stock then held by IAC to holders of its common stock and Class B common stock (together, the "IAC Stock"). This special dividend was paid through the distribution of 42,080,232 shares of Class A Common Stock on March 31, 2025 to holders of record of IAC Stock as of the close of business on March 25, 2025 (the "Record Date"), on a pro rata basis. Holders of IAC Stock as of the Record Date received 0.5251 shares of Class A Common Stock for each shares of IAC Stock then held. Holders of IAC Stock did not receive fractional shares of Class A Common Stock in connection with the Distribution. Instead, holders of IAC Stock received (if applicable) a cash payment in lieu of any fractional shares of Class A Common Stock that they otherwise would have received in connection with the Distribution.
F3: On March 31, 2025, IAC converted 41,701,064 shares of Class B Common Stock, which constituted all of the outstanding shares of Class B Common Stock, into shares of Class A Common Stock on a one-for-one basis pursuant to the terms of the Class B Common Stock.