Form 4: Angi CPO Kris Boon Boosts Stake via RSU Conversions
Insider Transaction Report
Angi Inc.'s Chief Product Officer, Kris Boon, increased direct ownership of Class A Common Stock through the conversion of restricted stock units and subsequent tax-related sales.
Summary
- Kris Boon, Chief Product Officer of Angi Inc., reported multiple transactions on March 1, 2026, involving the company's Class A Common Stock.
- Boon acquired a total of 32,881 shares of Class A Common Stock through the conversion of Restricted Stock Units (RSUs).
- These acquisitions included 5,000 shares from a March 1, 2024 grant, 5,381 shares from the final installment of a March 1, 2022 grant, and 22,500 shares from the first installment of a May 6, 2025 grant.
- Concurrently, Boon disposed of a total of 16,277 shares of Class A Common Stock at a price of $7.78 per share to cover tax liabilities associated with the RSU conversions.
- Following these transactions, Boon's direct beneficial ownership of Class A Common Stock increased to 26,787 shares.
- Boon also holds 55,000 Restricted Stock Units (10,000 from the 2024 grant and 45,000 from the 2025 grant) that are yet to vest.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a moderately positive signal, as the Chief Product Officer increased net direct ownership of company stock, indicating continued alignment with shareholder interests, despite routine tax-related sales.
Positives
- Chief Product Officer Kris Boon increased net direct beneficial ownership of Angi Inc. Class A Common Stock by 16,604 shares (32,881 acquired minus 16,277 disposed for tax).
- The vesting of Restricted Stock Units indicates continued long-term incentive alignment between management and shareholders.
Negatives
- A portion of the vested shares (16,277 shares) was sold to cover tax obligations, which is a routine event but represents a reduction in the total shares acquired.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that routine insider transactions, such as RSU conversions followed by tax-related sales, are common across industries and generally reflect standard executive compensation practices rather than a specific market signal. These transactions align executive incentives with long-term company performance.
Comparison to Industry Standards
- StockSavvy.ai observes that the structure of executive compensation involving Restricted Stock Units (RSUs) with multi-year vesting schedules is a standard practice in the technology and internet services sector, similar to companies like IAC (Angi's parent company), Zillow, and Yelp.
- The disposition of shares to cover tax obligations upon vesting is also a common and expected event, not indicative of a lack of confidence, unlike large open-market sales.
Related Party Transactions
- The transactions involve an executive officer (Kris Boon) and the company (Angi Inc.), which are by definition related party transactions under SEC rules.
Stakeholder Impact
- Shareholders: The net increase in executive ownership may be viewed positively as it aligns management's interests with shareholder value creation.
- Employees: The RSU vesting structure demonstrates the company's long-term incentive programs for key personnel.
Next Steps
- Future vesting installments of the 2024 RSU grant will occur annually.
- Future vesting installments of the 2025 RSU grant will occur annually on March 1, 2027, and March 1, 2028.
Key Dates
| Date | Description |
|---|---|
| 2022-03-01 | Grant date for Restricted Stock Units, with the last installment vesting on March 1, 2026. |
| 2024-03-01 | Grant date for 200,000 Restricted Stock Units (pre-reverse stock split basis), vesting in four equal annual installments beginning on the first anniversary. |
| 2025-05-06 | Grant date for 67,500 Restricted Stock Units, vesting in three equal annual installments beginning March 1, 2026. |
| 2026-03-01 | Date of multiple transactions including RSU conversions and tax-related dispositions of Class A Common Stock. |
| 2026-03-03 | Signature date of the reporting person's attorney-in-fact. |
Recommendation
holdThe filing details routine insider transactions related to the vesting of Restricted Stock Units and subsequent tax-related sales. While there is a net increase in the Chief Product Officer's direct ownership, these are not discretionary open-market purchases that would signal strong conviction. The transactions are expected and do not provide new fundamental information to warrant a change in investment thesis. Therefore, a 'hold' recommendation is appropriate, maintaining current positions based on broader company fundamentals rather than this specific insider activity.
Keywords
Angi Inc., ANGI, Kris Boon, Chief Product Officer, Insider Trading, Form 4, Restricted Stock Units, RSU Conversion, Stock Ownership, Executive Compensation, Share Acquisition, Tax Withholding
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