Russakoff Andrew 4
4 · Angi Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Angi (ANGI) CFO Andrew Russakoff Converts RSUs; Shares Withheld
What Happened
Andrew Russakoff, Chief Financial Officer of Angi Inc. (ANGI), converted vested restricted stock units (RSUs) into 23,334 shares of Class A common stock on March 1, 2026. To satisfy tax withholding obligations, 8,412 of those shares were withheld (disposed) at a per-share valuation of $7.78, totaling roughly $65,446. The conversion entries are reported as exercise/conversion of a derivative (code M) and the withholding as payment of tax liability (code F).
Key Details
- Transaction date: March 1, 2026 (Form 4 filed March 3, 2026). Filing appears timely.
- Conversion: 23,334 RSUs converted into 23,334 shares (one-for-one conversion per footnote).
- Tax withholding: 8,412 shares withheld at $7.78/share = $65,446 (reported as disposed to cover tax liability).
- Net shares retained from this conversion: 14,922 shares (23,334 converted minus 8,412 withheld).
- Footnotes: F1 notes RSUs convert one-for-one to Class A common stock. F2–F4 describe the RSU grants (400k pre-split in 2023 vesting over four years; 100k pre-split in 2024 vesting over three years; 20k granted May 2025 vesting over two years).
- Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of exercise price or tax liability (share withholding).
- Shares owned after the transaction are not specified in the provided data.
Context
This was not an open-market sale for cash proceeds but a routine conversion of vested RSUs with shares withheld to satisfy tax obligations (a common cashless/withholding practice). Such withholding transactions generally reflect tax mechanics rather than a directional bet by the insider.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock, par value $0.001
[F1]2026-03-01+10,000→ 77,929 total - Tax Payment
Class A Common Stock, par value $0.001
2026-03-01$7.78/sh−3,605$28,047→ 74,324 total - Exercise/Conversion
Class A Common Stock, par value $0.001
[F1]2026-03-01+3,334→ 77,658 total - Tax Payment
Class A Common Stock, par value $0.001
2026-03-01$7.78/sh−1,202$9,352→ 76,456 total - Exercise/Conversion
Class A Common Stock, par value $0.001
[F1]2026-03-01+10,000→ 86,456 total - Tax Payment
Class A Common Stock, par value $0.001
2026-03-01$7.78/sh−3,605$28,047→ 82,851 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-01−10,000→ 10,000 total→ Class A Common Stock, par value $0.001 (10,000 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-03-01−3,334→ 6,666 total→ Class A Common Stock, par value $0.001 (3,334 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-03-01−10,000→ 10,000 total→ Class A Common Stock, par value $0.001 (10,000 underlying)
Footnotes (4)
- [F1]Restricted stock units convert into Class A Common Stock on a one-for-one basis.
- [F2]On March 1, 2023, the reporting person was granted 400,000 restricted stock units (on a pre-reverse stock split basis), vesting in four equal annual installments beginning on the first anniversary of the grant date, subject to continued service.
- [F3]On March 1, 2024, the reporting person was granted 100,000 restricted stock units (on a pre-reverse stock split basis), vesting in three equal annual installments beginning on the second anniversary of the grant date, subject to continued service.
- [F4]On May 6, 2025, the reporting person was granted 20,000 restricted stock units, vesting in two equal annual installments beginning March 1, 2026, subject to continued service.