Angi director exercises 2,580 RSUs into shares
Angi Inc. director Jeremy Philips exercised restricted stock units into common shares.
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Form Type
4
Rhea-AI Filing Summary
Angi Inc. director Jeremy Philips exercised restricted stock units into common shares. He converted 2,580 restricted stock units into 2,580 shares of Class A Common Stock at a stated price of $0.00 per share.
After this routine equity compensation transaction, he directly holds 14,787 Class A shares.
Insider Trade Summary
2,580 shares exercised/converted
Exercise
2 txns
Insider
Philips Jeremy
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,580 | $0.00 | $0.00 |
| Exercise | Class A Common Stock, par value $0.001 | 2,580 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Class A Common Stock, par value $0.001 — 14,787 shares (Direct)
Footnotes (2)
- F1. Restricted stock units convert into Class A Common Stock on a one-for-one basis.
- F2. On June 20, 2023, the reporting person was granted 77,399 restricted stock units (on a pre-reverse stock split basis), vesting in three equal annual installments beginning on the first anniversary of the grant date, subject to continued service.
Key Figures
RSUs exercised: 2,580 units
Shares received: 2,580 shares
Shares held after transaction: 14,787 shares
+2 more
5 metrics
RSUs exercised
2,580 units
Restricted stock units converted on June 20, 2026
Shares received
2,580 shares
Class A Common Stock from RSU conversion
Shares held after transaction
14,787 shares
Direct Class A Common Stock ownership post-transaction
Original RSU grant
77,399 units
Grant on June 20, 2023, pre-reverse stock split
Vesting schedule
3 equal annual installments
Beginning first anniversary of June 20, 2023 grant date
Key Terms
Restricted stock units, Class A Common Stock, derivative security, reverse stock split
4 terms
Restricted stock units financial
"The filing reports 2,580 restricted stock units converted into Class A Common Stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class A Common Stock financial
"Restricted stock units convert into Class A Common Stock on a one-for-one basis."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
derivative security financial
"The transaction code description is Exercise or conversion of derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
reverse stock split financial
"The reporting person was granted 77,399 restricted stock units on a pre-reverse stock split basis."
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Angi (ANGI) director Jeremy Philips report?
Jeremy Philips reported exercising 2,580 restricted stock units into 2,580 shares of Angi Class A Common Stock. This is a routine equity compensation event, not an open-market purchase or sale, and reflects conversion of previously granted stock-based awards.
What was the size of the restricted stock unit grant to Jeremy Philips at Angi?
On June 20, 2023, Jeremy Philips was granted 77,399 restricted stock units on a pre-reverse stock split basis. These units vest in three equal annual installments, beginning on the first anniversary of the grant date, subject to continued service with Angi.
Do Angi restricted stock units convert one-for-one into Class A Common Stock?
Yes. The filing states that restricted stock units convert into Angi Class A Common Stock on a one-for-one basis. In this case, 2,580 restricted stock units converted into 2,580 shares of Class A Common Stock held directly by the reporting person.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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