Form 4: Angi Executive Chairman Joseph Levin Reports Significant Equity Holdings and New Stock Option Grant

Angi Inc.'s Executive Chairman, Joseph Levin, has reported beneficial ownership of 669,777 Class A Common Stock shares and the grant of 500,000 stock options, reflecting recent corporate actions including a reverse stock split and a spin-off.

Summary

• Joseph Levin, Director and Executive Chairman of Angi Inc. (ANGI), reported changes in his beneficial ownership of the company's securities.
• As of May 29, 2025, Mr. Levin beneficially owns 669,777 shares of Angi Class A Common Stock directly.
• This Class A Common Stock holding includes 500,860 shares converted from 5,008,600 fully vested Class B Common Stock shares transferred from IAC Inc. on January 13, 2025, adjusted for a 1-for-10 reverse stock split effective March 24, 2025.
• Additionally, Mr. Levin received 168,917 shares of Angi Class A Common Stock on March 31, 2025, as part of IAC Inc.'s spin-off of Angi, distributed as a special dividend to IAC stockholders.
• Mr. Levin was granted 500,000 options to purchase Angi Class A Common Stock on May 29, 2025, with an exercise price of $15.69 per share.
• These options will vest in four equal annual installments over four years, subject to continued service, and have an expiration date of May 29, 2035.

Sentiment

Score: 7

Explanation: The document reports significant equity holdings and a substantial option grant to a key executive, which generally signals strong insider alignment and confidence in the company's future, contributing to a positive sentiment.

Positives

• The grant of 500,000 stock options to Executive Chairman Joseph Levin aligns his interests with long-term shareholder value, as the options vest over four years subject to continued service.
• Joseph Levin's significant beneficial ownership of 669,777 Class A Common Stock shares demonstrates strong insider confidence and alignment with the company's performance.

Future Outlook

The grant of stock options to Joseph Levin, which vest in four equal installments over four years subject to continued service, indicates an expectation of his ongoing commitment and contribution to Angi Inc.'s future performance.

Industry Context

This Form 4 filing details an insider's equity transactions and compensation, which is a standard disclosure for publicly traded companies. It does not provide broader industry trends or competitive analysis.

Related Party Transactions

• On January 13, 2025, IAC Inc. (a former parent company of Angi) transferred 5,008,600 fully vested shares of ANGI Class B Common Stock to Joseph Levin pursuant to an Employment Transition Agreement.
• On March 31, 2025, Joseph Levin received 168,917 shares of ANGI Class A Common Stock in connection with the completion of the spin-off by IAC Inc. of ANGI by means of a special dividend to holders of IAC common stock.

Stakeholder Impact

• Shareholders: The significant equity holding and option grant to the Executive Chairman can be viewed positively as it aligns management's interests with shareholder value creation. However, the future exercise of options could lead to some dilution.
• Employees: The option grant is part of executive compensation, which can serve as an incentive for long-term performance and retention of key personnel.

Next Steps

• The 500,000 stock options granted to Joseph Levin will vest in four equal installments over four years on the anniversary of the grant date (May 29, 2025), subject to his continued service.

Key Dates

Keywords

Angi Inc., ANGI, Joseph Levin, SEC Form 4, Insider Trading, Beneficial Ownership, Stock Options, Executive Compensation, Reverse Stock Split, Spin-off, Equity Holdings