Form 4: Joseph Levin Reports Acquisition and Conversion of Angi Inc. Stock

Joseph Levin, a director at Angi Inc., reports acquiring and converting 5,008,600 shares of Class B Common Stock into Class A Common Stock on January 13, 2025.

Summary

• On January 13, 2025, Joseph Levin, a director of Angi Inc., acquired 5,008,600 shares of Class B Common Stock from IAC Inc. pursuant to an employment transition agreement.
• These shares were immediately converted on a one-for-one basis into 5,008,600 shares of Class A Common Stock.
• The conversion did not involve any monetary transaction, as the price for both the acquisition and conversion was $0.
• Following the transaction, Levin directly owns 5,008,600 shares of Class A Common Stock.
• Each share of Class B Common Stock is entitled to ten votes per share, while each share of Class A Common Stock is entitled to one vote per share.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing reflects insider activity related to stock ownership and voting rights within Angi Inc., which is relevant to investors monitoring corporate governance and potential shifts in control.

Related Party Transactions

• IAC Inc. transferred 5,008,600 shares of Class B Common Stock to Joseph Levin pursuant to an employment transition agreement.

Stakeholder Impact

• The conversion of Class B shares to Class A shares may slightly dilute the voting power of existing Class A shareholders, as Class B shares have ten votes per share compared to one vote per share for Class A shares.

Key Dates