Elizabeth Ellis - 29 Apr 2024 Form 3 Insider Report for Angel Studios, Inc.

Role
Director
Signature
/s/ Patrick J. Reilly, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
29 Apr 2024
Net transactions value
$0
Form type
3
Filing time
29 Apr 2024, 14:57:11 UTC
Next filing
17 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding Class B Common Stock, par value $0.001 per share 5,000 29 Apr 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 Stock Option 29 Apr 2024 Class F Common Stock 25,000 $0.5000 Direct F2
holding Stock Option 29 Apr 2024 Class F Common Stock 28,000 $0.8200 Direct F2
holding Stock Option 29 Apr 2024 Class F Common Stock 1,018 $0.3200 Direct F2
holding Stock Option 29 Apr 2024 Class F Common Stock 20,000 $0.3200 Direct F2
holding Stock Option 29 Apr 2024 Class F Common Stock 101,205 $0.3200 Direct F2
holding Stock Option 29 Apr 2024 Class F Common Stock 11,718 $3.42 Direct F2
holding Stock Option 29 Apr 2024 Class F Common Stock 50,035 $8.63 Direct F3
holding Stock Option 29 Apr 2024 Class F Common Stock 7,179 $11.95 Direct F4
holding Stock Option 29 Apr 2024 Class F Common Stock 66,496 $14.18 Direct F5
holding Stock Option 29 Apr 2024 Class F Common Stock 16,525 $14.18 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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