Angi (ANGI) Form 4: Glenn Schiffman Adds 16K RSUs, No Shares Sold
Rhea-AI Filing Summary
Form 4 Overview – Angi Inc. (ANGI)
Director Glenn H. Schiffman filed a Form 4 disclosing one equity grant executed on 17 June 2025. The filing shows no open-market purchases or sales; rather, the report reflects the issuance of 16,436 Restricted Stock Units (RSUs), each convertible into one share of Class A common stock.
Key details of the grant
- Type of security: RSUs tied to Class A common stock, par value $0.001.
- Grant size: 16,436 units.
- Vesting schedule: Equal annual installments over three years on each anniversary of the 17 June 2025 grant date, subject to continued service. Per the director’s deferral election, settlement occurs in a lump sum after service termination.
- Exercise price: Not applicable (RSUs granted at $0 cost).
Post-transaction ownership
- Directly held Class A shares: 34,014.
- Directly held RSUs: 16,436.
Contextual notes
- Amounts reflect Angi’s 1-for-10 reverse stock split effective 24 March 2025.
- The filing references the 31 March 2025 spin-off distribution from IAC Inc., by which the reporting person previously received 32,156 post-split shares; that prior distribution is exempt under Rule 16a-9(a) and does not involve today’s transaction.
This Form 4 signals additional equity alignment for the director but does not involve cash transactions or disposals that would directly affect Angi’s public float.
Positive
- Director equity alignment strengthened: award of 16,436 time-vested RSUs promotes long-term shareholder alignment.
Negative
- None.
Insights
TL;DR: Director granted 16,436 RSUs; no buys/sells, ownership rises, neutral financial impact.
The filing documents a standard equity compensation grant. Schiffman’s direct stake now totals 34,014 shares plus the newly issued RSUs, enhancing insider alignment but not changing cash flow or share count meaningfully. Because RSUs vest over three years and were issued at no cost, immediate dilution is minimal. The grant size is modest relative to Angi’s ~84 million shares outstanding (post-split), so market impact should be negligible.
TL;DR: Routine compensation award; supports long-term alignment, no red flags detected.
The staggered vesting and post-service deferral election promote long-term stewardship. No accelerated vesting or unusual terms are disclosed. The reverse-split and IAC spin-off explanations provide transparency. Overall, the filing reflects normal governance practices with no indication of opportunistic trades.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 16,436 | $0.00 | -- |
| holding | Class A Common Stock, par value $0.001 | -- | -- | -- |
Footnotes (1)
- Effective on March 24, 2025, ANGI effected a 1-for-10 reverse stock split of its common stock (the "Reverse Stock Split"). The amount of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split. On March 31, 2025, the Reporting Person received 32,156 shares of ANGI Class A common stock in connection with the completion of the spin-off by IAC Inc. ("IAC") of ANGI by means of a special dividend (the "Distribution") of all of the shares of Class A Common Stock then held by IAC to holders of its common stock and Class B common stock (together, the "IAC Stock"). This special dividend was paid through the distribution of 42,080,232 shares of Class A Common Stock on March 31, 2025 to holders of record of IAC Stock as of the close of business on March 25, 2025 (the "Record Date"), on a pro rata basis. Holders of IAC Stock as of the Record Date received 0.5251 shares of Class A Common Stock for each share of IAC Stock then held. This transaction is exempt under Rule 16a-9(a). Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock. Represents RSUs that vest in equal installments over three years on the anniversary of the grant date (June 17, 2025), subject to continued service. Pursuant to the reporting person's deferral election, any vested RSUs will be settled in a lump sum following termination of service.
