Form 4: ANGI Inc. Chief Technology Officer Sells Shares Under 10b5-1 Trading Plan

Kulesh Shanmugasundaram, Chief Technology Officer of ANGI Inc., sold 9,861 shares of Class A Common Stock at an average price of $1.56 on March 6, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On March 6, 2025, Kulesh Shanmugasundaram, the Chief Technology Officer of ANGI Inc., sold 9,861 shares of ANGI Class A Common Stock.
• The sale was executed under a Rule 10b5-1 trading plan previously adopted by Shanmugasundaram.
• The shares were sold at a weighted average price ranging from $1.53 to $1.56, with the average price being $1.56.
• Following the transaction, Shanmugasundaram directly owns 414,716 shares of ANGI Class A Common Stock.
• The reporting person will provide information regarding the number of shares sold at each separate price upon request.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an executive's stock sale under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.

Risks

• Executive stock sales can sometimes be perceived negatively by investors, although sales under 10b5-1 plans are generally viewed as less concerning.

Industry Context

Sales by executives are a normal part of corporate activity. The use of a 10b5-1 plan suggests the executive is selling shares in a pre-planned manner to avoid any concerns about insider trading.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment.

Key Dates