Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ANGI | Class A Common Stock, par value $0.001 | Tax liability | -$239K | -26K | -8.78% | $9.20 | 269K | Dec 13, 2021 | Direct |
Section 16(a) of the Exchange Act requires the Company's directors, certain of the Company's officers and persons who beneficially own more than 10% of a registered class of the Company's equity securities to file initial statements of beneficial ownership (Form 3) and statements of changes in beneficial ownership (Forms 4 and 5) of Angi Class A common stock and other equity securities of the Company with the SEC. Directors, officers and greater than 10% beneficial owners are required by SEC rules to furnish the Company with copies of all such forms they file. Based solely on a review of the copies of such forms furnished to the Company (and/or available on the SEC's website) and/or written representations that no additional forms were required, the Company believes that its directors, officers and greater than 10% beneficial owners complied with these filing requirements in 2021, except that due to administrative error on the part of the Company, missed filings to report the withholding of shares to cover taxes due on the release from escrow of shares to Mr. Dua and the settlement for cash in lieu of fractional shares. The Company also determined that, due to an administrative error on the part of the Company, there were missed filings in 2020 to report (i) the withholding of shares to cover taxes due on the release from escrow of shares to Mr. Dua and the settlement for cash in lieu of fractional shares and (ii) a release to ANGI of certain shares previously held in escrow for the contingent benefit of Mr. Dua.