Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Angi Inc.
| (Name of Issuer) |
|
Class A Common Stock, par value $0.001 per share |
| (Title of Class of Securities) |
00183L102 |
| (CUSIP Number) |
|
|
| April 30, 2022 |
| (Date of Event Which Requires Filing of this Statement) |
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
x Rule 13d-1(b)
o Rule 13d-1(c)
o Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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CUSIP No. 00183L102
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SCHEDULE 13G/A
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Page 2
of 6 Pages
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1
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NAME OF REPORTING PERSONS
Parnassus Investments, LLC
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware - U.S.A.
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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5
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SOLE VOTING POWER
7,542,483 (1)
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6
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SHARED VOTING POWER
0
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7
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SOLE DISPOSITIVE POWER
7,542,483
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8
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SHARED DISPOSITIVE POWER
0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
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o
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.5% (2)
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12
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TYPE
OF REPORTING PERSON
IA
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(1) Because each share of Class A Common Stock is entitled to one vote per share and each share of Class B Common Stock generally is entitled to ten votes per share, and the Reporting Person only holds Class A Common Stock, the Reporting Person beneficially owns equity securities of Angi Inc. representing approximately only 0.18% of the total number of votes of all classes of common stock of Angi Inc., based on 79,607,313 shares of Class A Common Stock and 422,019,247 shares of Class B Common Stock outstanding as of March 1, 2022.
(2) Assuming the conversion of all shares of Class B Common Stock, of which the Reporting Person owns none, into shares of Class A Common Stock on a one-for-one basis, the Reporting Person would own only 0.18% of the then outstanding shares of Class A Common Stock, based on 79,607,313 shares of Class A Common Stock and 422,019,247 shares of Class B Common Stock outstanding as of March 1, 2022.
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CUSIP No. 00183L102
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SCHEDULE 13G/A
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Page 3
of 6 Pages
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| Item 1. | (a) Name of Issuer |
Angi Inc.
| (b) Address of Issuer’s Principal Executive Offices |
3601 Walnut Street, Suite 700
Denver, CO 80205
United States
| Item 2. | (a) Name of Person Filing |
Parnassus Investments, LLC
| (b) Address of Principal Business Office, or, if none, Residence |
1 Market Street, Suite 1600
San Francisco, CA 94105
| (c) Citizenship |
California - U.S.A.
| (d) Title of Class of Securities |
Class A Common Stock, par value $0.001 per share
| (e) CUSIP No.: |
00183L102
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CUSIP No. 00183L102
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SCHEDULE 13G/A
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Page 4
of 6 Pages
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Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) | ¨ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); | |
| (b) | ¨ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); | |
| (c) | ¨ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); | |
| (d) | ¨ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); | |
| (e) | x | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); | |
| (f) | ¨ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); | |
| (g) | ¨ | A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); | |
| (h) | ¨ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |
| (i) | ¨ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | |
| (j) | ¨ | A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); | |
| (k) | ¨ | A group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: | |
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CUSIP
No. 00183L102
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SCHEDULE 13G/A
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Page
5 of 6 Pages
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Item 4. Ownership
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 7,542,483
(b) Percent of class: 9.5%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 7,542,483
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of: 7,542,483
(iv) Shared power to dispose or to direct the disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ ].
Item 6. Ownership of More Than Five Percent on Behalf of Another Person
Securities reported on this Schedule 13G are beneficially owned by clients of Parnassus Investments, LLC, which includes investment companies registered under the Investment Company Act.
Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person
Not Applicable
Item 8. Identification and Classification of Members of the Group
Not Applicable
Item 9. Notice of Dissolution of Group
Not Applicable
Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
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CUSIP No. 00183L102
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SCHEDULE 13G/A
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Page 6
of 6 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: May 10, 2022
| Parnassus Investments, LLC | |||
| By: | /s/ Marc C. Mahon | ||
| Name: | Marc C. Mahon | ||
| Title: | Chief Financial Officer | ||