Angi Inc.: chief growth officer Orchard Glenn exercised 20,000 shares

What happened Orchard Glenn, chief growth officer, converted derivative awards into a total of 20,000 shares and had 4,466 shares withheld to satisfy tax obligations, resulting in $28,850 reported as the value of withheld shares. The Form 4 lists two derivative conversions (each 10,000 shares) and a separate tax withholding sale of 4,466 shares at $6.46.

Key details

• Transaction date: Oct 15, 2026.
• Derivative conversions: 10,000 shares acquired (code M) and 10,000 shares disposed (code M) at $0.00 (reported as $0 for the disposed derivative).
• Tax withholding: 4,466 shares disposed (code F) at $6.46, total $28,850.
• Shares owned after the transactions: not reported in the filing.
• Footnotes: F1 states restricted stock units convert one-for-one into Class A common stock; F2 notes a prior grant of 400,000 restricted stock units (pre-reverse split) vesting in four equal annual installments beginning Oct 15, 2024, subject to continued service.
• Filing date: Oct 19, 2026; the filing does not indicate timeliness status.

Why it may matter

• The filing shows conversion of derivative awards into shares and that 4,466 shares were withheld to cover tax liability, consistent with a cashless tax withholding on a vesting/conversion event.
• The filing does not show why the insider traded or why the company acted.