Form 4: Angi COO Bailey Carson's Stock Transactions & RSU Correction

Angi Inc.'s Chief Operating Officer, Bailey Carson, reported the conversion of restricted stock units into Class A Common Stock and subsequent tax-related disposal, alongside a correction of previously misreported RSU vesting dates.

Summary

• Bailey Carson, Angi Inc.'s Chief Operating Officer, reported transactions involving Class A Common Stock.
• On October 15, 2025, 10,000 restricted stock units (RSUs) converted into Class A Common Stock.
• Concurrently, 3,010 shares of Class A Common Stock were disposed of at $14.08 per share to cover tax obligations.
• Following these transactions, Carson beneficially owns 20,156 shares of Class A Common Stock.
• The filing corrects an administrative error in a previous Form 4 (filed October 17, 2024) regarding the vesting and expiration dates of 400,000 pre-Reverse Stock Split RSUs granted on October 15, 2024.
• All reported share amounts reflect a 1-for-10 reverse stock split effective March 24, 2025.

Sentiment

Score: 5

Explanation: This is a routine insider transaction filing detailing the vesting of executive compensation and a standard tax-related share disposal. It also includes a correction of a minor administrative error in a previous filing. There is no significant positive or negative news impacting the company's fundamentals.

Positives

• The conversion of restricted stock units into common stock indicates the vesting of executive compensation, aligning management's interests with shareholders.

Negatives

• An administrative error in a previous filing required correction, though it appears to be a clerical issue rather than a substantive one.

Risks

• No operational or financial risks for Angi Inc. are disclosed in this Form 4. The only 'risk' mentioned is the administrative error in a prior filing, which has now been rectified.

Future Outlook

The original grant of 400,000 restricted stock units (pre-Reverse Stock Split) on October 15, 2024, vests in four equal annual installments, subject to continued service, indicating future compensation and retention incentives for the COO.

Management Comments

• The reporting person was granted 400,000 restricted stock units (on a pre-Reverse Stock Split basis), vesting in four equal annual installments beginning on the first anniversary of the grant date, subject to continued service.

Industry Context

This filing is a routine insider transaction report and does not provide specific information related to broader industry trends or competitors for Angi Inc.

Stakeholder Impact

• Shareholders: Minor impact as this is a routine executive compensation event and a clerical correction, not indicative of fundamental business changes.
• Employees: No direct impact mentioned beyond the reporting person's compensation.

Next Steps

• Future vesting of the remaining restricted stock units granted on October 15, 2024, in annual installments, subject to continued service.

Key Dates

Recommendation

This Form 4 primarily details the routine vesting and conversion of restricted stock units for Angi Inc.'s COO, followed by a standard tax-related share disposal. It also corrects a minor administrative error in a previous filing regarding vesting dates. These events are typical for executive compensation and do not provide new material information about the company's operational performance, financial health, or strategic direction. As such, the filing does not present a compelling reason to alter an existing investment position, warranting a 'hold' recommendation.

Keywords

Angi Inc., ANGI, Bailey Carson, Form 4, Insider Trading, Restricted Stock Units, Stock Transactions, COO, Reverse Stock Split