Pale Fire Capital discloses 9.8% Angi (ANGI) stake in amendment

Rhea-AI Filing Summary

Pale Fire Capital and affiliates report a significant stake in Angi Inc. The group, led by Pale Fire Capital SICAV a.s., reports beneficial ownership of 3,930,407 shares of Angi’s Class A common stock, or approximately 9.8% of shares outstanding.

The aggregate purchase price for these 3,930,407 shares is about $45,230,083, including brokerage commissions. The ownership percentage is calculated using 40,104,748 shares outstanding as of February 6, 2026, as disclosed in Angi’s Form 10-K. Control and beneficial ownership are attributed through PFC SICAV, its investment manager PFC IS, the parent Pale Fire Capital, and individuals Dusan Senkypl and Jan Barta, though each expressly disclaims beneficial ownership of securities not directly owned.

Insights

Equity ownership analyst

Pale Fire Capital reports a 9.8% Angi stake via a 13D amendment.

This amendment describes how Pale Fire Capital SICAV a.s. and related entities hold 3,930,407 Angi Class A shares, representing about 9.8% of the company. The position cost roughly $45.23M, funded from working capital that may include margin loans.

Control is layered: PFC IS acts as investment manager, Pale Fire Capital is the controlling shareholder, and individuals Dusan Senkypl and Jan Barta are control persons. Each party may be deemed a beneficial owner but formally disclaims ownership of shares not directly held.

The amendment also notes that recent Angi share transactions by these reporting persons are listed in an exhibit, primarily as open‑market trades. Any future impact depends on how this sizable 9.8% position is used, which would be detailed in subsequent disclosures if circumstances change.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

Angi Inc.

(Name of Issuer)

Class A Common Stock, par value $0.001

(Title of Class of Securities)

JAN BARTA
PALE FIRE CAPITAL SE, Zatecka 55/14, Josefov
Prague, 2N, 110 00
420-777-767-773

RYAN NEBEL
OLSHAN FROME WOLOSKY LLP, 1325 Avenue of the Americas
New York, NY, 10019
212-451-2300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

02/27/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

Pale Fire Capital SICAV a.s.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CZECH REPUBLIC

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,930,407.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,930,407.00

11

Aggregate amount beneficially owned by each reporting person

3,930,407.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.8 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

Pale Fire Capital investicni spolecnost a.s.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CZECH REPUBLIC

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,930,407.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,930,407.00

11

Aggregate amount beneficially owned by each reporting person

3,930,407.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.8 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

Pale Fire Capital SE

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CZECH REPUBLIC

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,930,407.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,930,407.00

11

Aggregate amount beneficially owned by each reporting person

3,930,407.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.8 %

14

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

Barta Jan

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CZECH REPUBLIC

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,930,407.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,930,407.00

11

Aggregate amount beneficially owned by each reporting person

3,930,407.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.8 %

14

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

Senkypl Dusan

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CZECH REPUBLIC

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,930,407.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,930,407.00

11

Aggregate amount beneficially owned by each reporting person

3,930,407.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.8 %

14

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Common Stock, par value $0.001
(b)	Name of Issuer: Angi Inc.
(c)	Address of Issuer's Principal Executive Offices: 555 WEST 18TH STREET, NEW YORK, NEW YORK , 10011.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 is hereby amended and restated to read as follows: The shares of the Issuer's Class A Common Stock, par value $0.001 (the "Shares") purchased by PFC SICAV were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The aggregate purchase price of the 3,930,407 Shares beneficially owned by PFC SICAV is approximately $45,230,083, including brokerage commissions.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) is hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by each person named herein is based on 40,104,748 Shares outstanding as of February 6, 2026, which is the total number of Shares outstanding as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 20, 2026. As of the date hereof, PFC SICAV directly beneficially owned 3,930,407 Shares, constituting approximately 9.8% of the Shares outstanding. PFC IS, as the investment manager of PFC SICAV, may be deemed to beneficially own the 3,930,407 Shares beneficially owned directly by PFC SICAV, constituting approximately 9.8% of the Shares outstanding. Pale Fire Capital, as the controlling person and sole shareholder of each of PFC SICAV and PFC IS, may be deemed to beneficially own the 3,930,407 Shares beneficially owned directly by PFC SICAV, constituting approximately 9.8% of the Shares outstanding. Mr. Senkypl, as a control person and Chairman of the board of Pale Fire Capital, may be deemed to beneficially own the 3,930,407 Shares beneficially owned directly by PFC SICAV, constituting approximately 9.8% of the Shares outstanding. Mr. Barta, as a control person and Chairman of the supervisory board of Pale Fire Capital and Chief Investment Officer of PFC IS, may be deemed to beneficially own the 3,930,407 Shares beneficially owned directly by PFC SICAV, constituting approximately 9.8% of the Shares outstanding. The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.
(c)	Item 5(c) is hereby amended and restated to read as follows: The transactions in securities of the Issuer by the Reporting Persons since the filing of the Schedule 13D are set forth in Exhibit 2 and are incorporated herein by reference. All of such transactions were effected in the open market unless otherwise noted therein.
Item 7.	Material to be Filed as Exhibits.
	Item 7 is hereby amended to add the following exhibit: 2 - Transactions in Securities.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Pale Fire Capital SICAV a.s.

Signature:	/s/ Dusan Senkypl
Name/Title:	Dusan Senkypl, Authorized Representative
Date:	03/03/2026

Pale Fire Capital investicni spolecnost a.s.

Signature:	/s/ Dusan Senkypl
Name/Title:	Dusan Senkypl, Board Member
Date:	03/03/2026

Pale Fire Capital SE

Signature:	/s/ Dusan Senkypl
Name/Title:	Dusan Senkypl, Chairman of the Board
Date:	03/03/2026

Barta Jan

Signature:	/s/ Jan Barta
Name/Title:	Jan Barta
Date:	03/03/2026

Senkypl Dusan

Signature:	/s/ Dusan Senkypl
Name/Title:	Dusan Senkypl
Date:	03/03/2026

FAQ

What ownership stake in Angi Inc. (ANGI) does Pale Fire Capital report?

Pale Fire Capital SICAV a.s. reports beneficial ownership of 3,930,407 Angi Class A shares, representing about 9.8% of shares outstanding. This percentage is based on 40,104,748 shares reported outstanding as of February 6, 2026 in Angi’s Form 10-K.

How much did Pale Fire Capital pay for its Angi (ANGI) shares?

The aggregate purchase price for the 3,930,407 Angi Class A shares is approximately $45,230,083, including brokerage commissions. The filing states that the shares were acquired using working capital, which may at times include margin loans from brokerage firms.

Who are the reporting persons on this Angi (ANGI) Schedule 13D/A?

The reporting group includes Pale Fire Capital SICAV a.s., Pale Fire Capital investicni spolecnost a.s., Pale Fire Capital, and individuals Dusan Senkypl and Jan Barta. Each may be deemed a beneficial owner through control relationships but disclaims ownership of securities not directly held.

How is the 9.8% Angi (ANGI) ownership percentage calculated?

The reported 9.8% ownership is calculated using 40,104,748 Angi Class A shares outstanding as of February 6, 2026. That outstanding share count comes from Angi’s Annual Report on Form 10-K filed with the SEC on February 20, 2026.

Did Pale Fire Capital use leverage to acquire its Angi (ANGI) position?

The filing states that Pale Fire Capital SICAV a.s. purchased the Angi shares with working capital, which may at any time include margin loans from brokerage firms. This indicates that some portion of the position could be financed with borrowed funds, depending on current arrangements.

Where can investors find recent Angi (ANGI) share transactions by Pale Fire Capital?

Recent transactions in Angi securities by the reporting persons are summarized in Exhibit 2 to the Schedule 13D/A amendment. The document notes that all such trades were executed in the open market unless specifically stated otherwise in that exhibit.