Form 4: Angi Inc. CFO Andrew Russakoff Reports Stock Transactions
SEC Form 4 Filing
Angi Inc. CFO Andrew Russakoff reports the vesting of restricted stock units and associated tax withholding on March 1, 2025.
Summary
- On March 1, 2025, Andrew Russakoff, CFO of Angi Inc., reported transactions involving Class A Common Stock.
- 100,000 shares were acquired upon the vesting of restricted stock units.
- 50,470 shares were withheld to cover tax obligations related to the vesting of these units at a price of $1.68.
- Following these transactions, Russakoff directly owns 627,898 shares acquired from the vesting and 577,428 shares after the tax obligations were fulfilled.
- Russakoff also holds 200,000 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and aligns their interests with shareholders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2023 | Grant date of restricted stock units that vest in four equal installments annually, subject to continued service. |
| 03/01/2024 | First vesting date of restricted stock units. |
| 03/01/2025 | Date of reported transactions: vesting of 100,000 restricted stock units and tax withholding of 50,470 shares. |
| 03/03/2025 | Date of Form 4 filing. |
| 03/01/2027 | Expiration date of restricted stock units. |
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