Elizabeth Ellis - Apr 29, 2024 Form 3 Insider Report for Angel Studios, Inc. (NONE)

Role
Director
Signature
/s/ Patrick J. Reilly, Attorney-in-Fact
Stock symbol
NONE
Transactions as of
Apr 29, 2024
Transactions value $
$0
Form type
3
Date filed
4/29/2024, 02:57 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
holding NONE Class B Common Stock, par value $0.001 per share 5,000 Apr 29, 2024 See Footnote F1

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
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 25,000 $0.50 Direct F2
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 28,000 $0.82 Direct F2
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 1,018 $0.32 Direct F2
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 20,000 $0.32 Direct F2
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 101,205 $0.32 Direct F2
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 11,718 $3.42 Direct F2
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 50,035 $8.63 Direct F3
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 7,179 $11.95 Direct F4
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 66,496 $14.18 Direct F5
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 16,525 $14.18 Direct F6

Explanation of Responses:

Id Content
F1 These shares of Class F Common Stock are held by an immediate family member of Mrs. Ellis sharing the same household. Mrs. Ellis is thus deemed to hold an indirect pecuniary interest in these shares of Class F Common Stock.
F2 Represent fully-vested stock options exercisable for shares of Class F Common Stock.
F3 Represent stock options exercisable for shares of Class F Common Stock. Twenty-five percent (25%) of these options vested on September 3, 2022, with the remaining options vesting in equal monthly installments through September 3, 2025.
F4 Represent fully-vested stock options exercisable for shares of Class F Common Stock.
F5 Represent stock options exercisable for shares of Class F Common Stock. Twenty-five percent (25%) of these options vested on September 3, 2022, with the remaining options vesting in equal monthly installments through September 3, 2025.
F6 Represent stock options exercisable for shares of Class F Common Stock. These options will vest in 10 tranches, equally divided, with each tranche becoming vested based on a series of increasing stock price milestones.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney