Form 4: IAC Inc. Increases Stake in Angi Inc. Through Equity Award Settlement

IAC Inc. acquired 1,203,508 shares of Angi Inc.'s Class A common stock as reimbursement for shares issued in connection with the settlement of certain Angi equity awards.

Summary

• IAC Inc. filed a Form 4 indicating a change in beneficial ownership of Angi Inc. stock.
• The transaction occurred on March 7, 2025, with IAC Inc. acquiring 1,203,508 shares of Angi Inc.'s Class A common stock at a price of $1.66 per share.
• This acquisition was a reimbursement for shares of IAC common stock issued in connection with the settlement of certain Angi equity awards held by Angi employees, as per the Employee Matters Agreement dated September 29, 2017.
• Following the transaction, IAC Inc. directly owns 3,791,688 shares of Angi Inc.'s Class A common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to employee compensation and a pre-existing agreement. There is no indication of significant positive or negative implications.

Positives

• IAC Inc. increased its stake in Angi Inc., demonstrating continued investment in the company.

Industry Context

This transaction reflects ongoing corporate activity related to the relationship between IAC Inc. and Angi Inc., particularly concerning employee equity compensation.

Related Party Transactions

• The transaction is related to the Employee Matters Agreement between IAC and Angi, indicating a related party dealing.

Stakeholder Impact

• The transaction impacts shareholders of both IAC Inc. and Angi Inc., as it involves the transfer of equity.

Key Dates