Angi Inc. Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
The equity awards vest over four years, subject to continued employment except as provided in the award agreements.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Angi (Nasdaq: ANGI) granted two restricted stock unit awards to new Chief Legal Officer Alex Tolston on November 11, 2026. The annual award covers 149,477 common shares, and the sign-on award covers 74,738 common shares. Restricted stock units are awards tied to company shares.
Both awards vest in four equal annual installments on the first four grant-date anniversaries, subject to continued employment except as provided in the award agreements. Granted outside Angi’s stockholder-approved equity plan, the awards received board and compensation committee approval as employment inducements under Nasdaq Listing Rule 5635(c)(4).
Positive
- None.
Negative
- Minor point. Forward-looking: it has not happened yet and may not happen.Annual award covering 149,477 common shares adds potential dilution as restricted stock units vest.
- Minor point. Forward-looking: it has not happened yet and may not happen.Sign-on award covering 74,738 common shares adds potential dilution as restricted stock units vest.
Key Figures
- Annual RSU award
- 149,477 shares
- Inducement grant to the new Chief Legal Officer
- Sign-on RSU award
- 74,738 shares
- Inducement grant to the new Chief Legal Officer
- Vesting schedule
- Four equal annual installments
- Each award, subject to continued employment and award-agreement terms
Key Terms
restricted stock unit financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
DENVER, Nov. 12, 2026 (GLOBE NEWSWIRE) -- Angi Inc. (Nasdaq: ANGI), a leading digital home services marketplace, today announced that, in accordance with Nasdaq Listing Rule 5635(c)(4), it has granted two restricted stock unit (“RSU”) awards to Alex Tolston, Angi’s new Chief Legal Officer, outside of its stockholder-approved equity plan. The awards were granted on November 11, 2026, as an inducement material to Mr. Tolston’s entering into employment with Angi.
Angi granted Mr. Tolston (i) an annual award of RSUs covering 149,477 shares of Angi’s common stock, and (ii) a sign-on award of RSUs covering 74,738 shares of Angi’s common stock. Each RSU award will vest in four equal annual installments on the first four anniversaries of the grant date, subject to Mr. Tolston’s continued employment with Angi through the applicable vesting dates, except as otherwise provided in the applicable award agreements.
The RSU awards were approved by Angi’s Board of Directors and the Compensation and Human Capital Committee of the Board of Directors as an inducement material to Mr. Tolston’s entering into employment with Angi as contemplated by Nasdaq Listing Rule 5635(c)(4). Angi is issuing this press release pursuant to Nasdaq Listing Rule 5635(c)(4), which requires public announcement of inducement awards.
About Angi Inc.
Angi (NASDAQ: ANGI) helps homeowners get home projects done well and helps home service professionals grow their businesses. Founded in 1995, Angi connects homeowners with skilled local professionals, from plumbers and electricians to remodelers and landscapers, and provides tools for researching costs, planning projects and hiring with confidence. Homeowners have turned to Angi, and our vast network of skilled home pros, for help with more than 300 million projects.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as “anticipates,” “estimates,” “expects,” “plans,” “intends,” “will,” “may”, “could” and “believes,” among similar expressions, generally identify forward-looking statements. These forward-looking statements include, among others, statements relating to the leadership transition, our ability to successfully manage the leadership transition, our future business, financial condition, results of operations and financial performance, our business prospects and strategy, trends in the home services industry and other similar matters. These forward-looking statements are based on the expectations and assumptions of our management about future events as of the date of this communication, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict.
Actual results could differ materially from those contained in these forward-looking statements for a variety of reasons, including, among others: (i) the continued migration of the home services market online, (ii) our ability to market our various products and services in a successful and cost-effective manner, (iii) the continued display of links to websites offering our products and services in a prominent manner in search results, (iv) our ability to expand our pre-priced offerings while balancing the overall mix of service requests and directory services on Angi platforms, (v) our ability to establish and maintain relationships with quality and trustworthy Pros, (vi) our continued ability to develop and monetize versions of our products and services for mobile and other digital devices, (vii) our ability to access, share and use personal data about consumers, (viii) our continued ability to communicate with consumers and Pros via e-mail (or other sufficient means), (ix) our ability to continue to generate leads for Pros given changing requirements applicable to certain communications with consumers, (x) any challenge to the contractor classification or employment status of our Pros, (xi) our ability to compete, (xii) adverse economic events or trends (particularly those that impact consumer confidence and spending behavior), (xiii) our ability to maintain and/or enhance our various brands, (xiv) our ability to protect our systems, technology and infrastructure from cyberattacks and to protect personal and confidential user information (including credit card information), as well as the impact of cyberattacks experienced by third parties, (xv) the occurrence of data security breaches and/or fraud, (xvi) increased liabilities and costs related to the processing, storage, use and disclosure of personal and confidential user information, (xvii) the integrity, quality, efficiency and scalability of our systems, technology and infrastructures (and those of third parties with whom we do business), (xviii) changes in key personnel, (xix) our development and use of AI and machine learning technologies and the related legal and regulatory developments, (xx) various risks related to our relationship with IAC following the spin-off, (xxi) our ability to generate sufficient cash to service our indebtedness, (xxii) the impact of our current and future indebtedness on our ability to obtain additional financing and pursue other business opportunities and (xxiii) certain risks related to ownership of our Class A common stock.
Certain of these and other risks and uncertainties are discussed in Angi Inc.’s filings with the Securities and Exchange Commission (the "SEC"), including the most recent Annual Report on Form 10-K filed with the SEC on February 20, 2026, and subsequent reports that Angi Inc. files with the SEC. Other unknown or unpredictable factors that could also adversely affect Angi Inc.’s business, financial condition, and results of operations may arise from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those expressed in any forward-looking statements we may make. Except as required by law, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this communication.
Contact Information:
Angi Investor Relations
IR team
(720) 282-1958
Angi Corporate Communications
Jennifer Myers
(303) 963-8352
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did Angi grant to new Chief Legal Officer Alex Tolston?
Angi granted Tolston an annual restricted stock unit award covering 149,477 common shares and a sign-on award covering 74,738 common shares. Both were granted on November 11, 2026, outside the stockholder-approved equity plan as employment inducements.
When do Alex Tolston’s Angi restricted stock unit awards vest?
Each award vests in four equal annual installments on the first four anniversaries of November 11, 2026. Vesting requires Tolston’s continued employment through the applicable dates, except as otherwise provided in the award agreements.