IAC Inc. - Mar 31, 2025 Form 4 Insider Report for Angi Inc. (ANGI)

Role: 10%+ Owner
Signature: /s/ TANYA M. STANICH, ASSISTANT SECRETARY, IAC INC.
Stock symbol: ANGI
Transactions as of: Mar 31, 2025
Transactions value $: $0
Form type: 4
Date filed: 4/1/2025, 04:35 PM
Previous filing: Mar 11, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ANGI	Class A Common Stock, par value $0.001	Options Exercise	$0	+41.7M	+10998.04%	$0.00	42.1M	Mar 31, 2025	Direct	F1
transaction	ANGI	Class A Common Stock, par value $0.001	Disposed to Issuer	$0	-42.1M	-100%	$0.00	0	Mar 31, 2025	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ANGI	Class B Common Stock, par value $0.001	Options Exercise	$0	-41.7M	-100%	$0.00	0	Mar 31, 2025	Class A Common Stock, par value $0.001	41.7M	$0.00	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of Class A common stock, par value $0.001 ("Class A Common Stock"), of Angi Inc. ("Angi") that were acquired by the reporting person upon the conversion of shares of Class B common stock, par value $0.001, of Angi ("Class B Common Stock") on a one-for-one basis pursuant to the terms of the Class B Common Stock (see footnote 3 below).
F2	On March 31, 2025, IAC Inc. ("IAC") completed the spin-off of Angi by means of a special dividend (the "Distribution") of all of the shares of Class A Common Stock then held by IAC to holders of its common stock and Class B common stock (together, the "IAC Stock"). This special dividend was paid through the distribution of 42,080,232 shares of Class A Common Stock on March 31, 2025 to holders of record of IAC Stock as of the close of business on March 25, 2025 (the "Record Date"), on a pro rata basis. Holders of IAC Stock as of the Record Date received 0.5251 shares of Class A Common Stock for each shares of IAC Stock then held. Holders of IAC Stock did not receive fractional shares of Class A Common Stock in connection with the Distribution. Instead, holders of IAC Stock received (if applicable) a cash payment in lieu of any fractional shares of Class A Common Stock that they otherwise would have received in connection with the Distribution.
F3	On March 31, 2025, IAC converted 41,701,064 shares of Class B Common Stock, which constituted all of the outstanding shares of Class B Common Stock, into shares of Class A Common Stock on a one-for-one basis pursuant to the terms of the Class B Common Stock.