Boon Kris 4

What Happened

• Kris Boon, Chief Product Officer of Angi Inc. (ANGI), converted restricted stock units (RSUs) into Class A common stock on March 1, 2026. A total of 32,881 RSUs converted into 32,881 shares.
• To cover tax withholding obligations, 16,277 of those shares were disposed (withheld/sold) at $7.78 per share, generating $126,636 in proceeds. The conversions are reported under derivative code M (conversion of RSUs) and the tax withholdings under code F.

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (appears timely).
• Conversion amounts: 5,000 + 5,381 + 22,500 = 32,881 shares converted to Class A common stock.
• Tax-withholding disposals: 2,475 + 2,664 + 11,138 = 16,277 shares sold/withheld at $7.78, totaling $126,636.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: RSUs convert on a one-for-one basis (F1). Grants and vesting schedules referenced include a 200,000-RSU grant (pre-reverse split) from Mar 1, 2024 vesting annually (F2), and a 67,500-RSU grant on May 6, 2025 vesting beginning Mar 1, 2026 (F4). The reported conversion appears to represent the final installment referenced in F3.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of exercise price or tax liability (share withholding for taxes).

Context

• This was a standard RSU vesting/conversion with shares withheld to satisfy tax obligations (a common, routine action), not an open-market sale initiated as a discretionary trade. Such withholding is typically administrative and does not necessarily signal a view on the company’s stock.