IAC Inc. → Angi Inc. ANGI

The information set forth in Item 4 of the Initial Schedule 13D is hereby amended and supplemented as follows: On March 31, 2025, IAC converted all of the 41,701,064 shares of ANGI Class B Common Stock it then held and which constituted all of the outstanding shares of ANGI Class B Common Stock, into shares of ANGI Class A Common Stock on a one-for-one basis pursuant to the terms of the ANGI Class B Common Stock (the "Conversion"). Following the Conversion, IAC held 42,080,232 shares of ANGI Class A Common Stock. Also on March 31, 2025, IAC completed the previously announced spin-off by means of a special dividend (the "Distribution") of all of the shares of ANGI Class A Common Stock then held by IAC to holders of IAC Stock. This special dividend was paid through the distribution of 42,080,232 shares of ANGI 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 ANGI Class A Common Stock for each share of IAC Stock then held. Holders of IAC Stock did not receive fractional shares of ANGI 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 ANGI Class A Common Stock that they otherwise would have received in connection with the Distribution. As a result of the Distribution, IAC no longer owns any shares of ANGI capital stock.