Welch Suzy 4
Research Summary
AI-generated summary
Angi (ANGI) Director Suzy Welch Converts RSUs; 2,580 Withheld
What Happened
- Suzy Welch, a director of Angi Inc. (ANGI), had restricted stock units (RSUs) convert into 2,580 shares of Class A common stock on June 20, 2026 (reported on Form 4 filed June 22, 2026). The filing shows a matching disposition of 2,580 shares at $0.00, indicating those shares were withheld/disposed to satisfy tax withholding. The conversion is recorded as a derivative exercise/conversion (code M); the disposition resulted in $0 cash proceeds.
Key Details
- Transaction date: 2026-06-20; Form 4 filed: 2026-06-22 (timely).
- Acquired: 2,580 shares via RSU conversion; Disposed/withheld: 2,580 shares at $0.00.
- Net new shares to the insider: effectively zero (acquired and withheld equal).
- Footnotes: F1 — RSUs convert one-for-one into Class A common stock. F2 — these RSUs were part of a grant on June 20, 2023 (77,399 pre-reverse-split), vesting in three equal annual installments beginning one year after grant.
- Filing timeliness: reported within two days of the transaction (not marked late).
Context
- This is a routine RSU vesting/conversion with shares withheld to cover taxes, a common administrative step that does not necessarily indicate a change in sentiment. No open-market sale for cash proceeds is shown; the disposition at $0 is consistent with tax withholding rather than a public sale.