Form 4: IAC Inc. Reports Angi Inc. Share Transactions Following Spin-Off

IAC Inc. reports changes in beneficial ownership of Angi Inc. stock following the spin-off, including the conversion of Class B common stock and distribution of Class A common stock.

Summary

• IAC Inc. filed a Form 4 with the SEC on April 1, 2025, reporting changes in its beneficial ownership of Angi Inc. stock.
• On March 31, 2025, IAC completed the spin-off of Angi through a special dividend, distributing 42,080,232 shares of Class A Common Stock to IAC stockholders.
• IAC stockholders received 0.5251 shares of Angi Class A Common Stock for each share of IAC stock held as of the March 25, 2025 record date.
• IAC also converted 41,701,064 shares of Angi Class B Common Stock into Class A Common Stock on a one-for-one basis on March 31, 2025.
• Following these transactions, IAC directly owns 0 shares of Angi Class A Common Stock.

Sentiment

Score: 6

Explanation: The document is a standard SEC filing detailing a corporate action. It is neutral in tone and factual in nature.

Future Outlook

The document does not contain any specific forward-looking statements regarding Angi Inc.'s future performance.

Industry Context

This announcement reflects a corporate restructuring event, where IAC Inc. is spinning off Angi Inc. as a separate entity. This type of transaction is often undertaken to unlock value or allow each company to focus on its core business.

Key Dates

Keywords

Angi Inc., IAC Inc., spin-off, Form 4, beneficial ownership, Class A Common Stock, Class B Common Stock, special dividend, SEC filing