SCHEDULE 13G: HighSage Ventures and Jennifer Stier Disclose Significant Passive Stakes in Angi Inc.
Beneficial Ownership Disclosure
HighSage Ventures LLC and Jennifer Stier have jointly filed a Schedule 13G, disclosing beneficial ownership of 1.8% and 5.5% respectively, of Angi Inc.'s Class A Common Stock as passive investors.
Summary
- HighSage Ventures LLC beneficially owns 1,345,961 shares of Angi Inc.'s Class A Common Stock, representing 1.8% of the class.
- Jennifer Stier beneficially owns 4,149,286 shares of Angi Inc.'s Class A Common Stock, representing 5.5% of the class.
- Both HighSage Ventures LLC and Jennifer Stier share voting and dispositive power over their respective reported holdings.
- The reported percentages are based on 75,249,787 shares of Class A Common Stock outstanding as of November 8, 2024, as disclosed in Angi Inc.'s quarterly report on Form 10-Q filed on November 12, 2024.
- The filing indicates that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Angi Inc., consistent with a passive investment strategy.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, providing transparency without inherently positive or negative implications for the company's performance or strategy.
Positives
- Increased transparency regarding significant beneficial ownership in Angi Inc.
Negatives
- No specific negative implications are disclosed in this beneficial ownership filing.
Risks
- The reporting persons certify that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Angi Inc., mitigating immediate control-related risks.
Future Outlook
This Schedule 13G filing does not contain any forward-looking statements or guidance regarding Angi Inc.'s future outlook.
Industry Context
This filing is a disclosure of beneficial ownership and does not provide information related to broader industry trends or competitive analysis for Angi Inc.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant beneficial ownership stakes in the company.
Key Dates
| Date | Description |
|---|---|
| 11/08/2024 | Date as of which 75,249,787 shares of Class A Common Stock were outstanding, used for percentage calculation. |
| 11/12/2024 | Date Angi Inc.'s quarterly report on Form 10-Q for the period ended September 30, 2024, was filed with the SEC. |
| 01/28/2025 | Date of event which required the filing of this Schedule 13G statement. |
| 02/04/2025 | Date of filing of the Schedule 13G and the Joint Filing Agreement. |
Keywords
Angi Inc., ANGI, Schedule 13G, beneficial ownership, Class A Common Stock, HighSage Ventures LLC, Jennifer Stier, passive investment, SEC filing
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