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

Role
Chief Content Officer
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, 02:59 PM
Next filing
May 24, 2024

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 1.71K Apr 29, 2024 Direct
holding NONE Class C Common Stock, par value $0.001 per share 24.4K Apr 29, 2024 See Footnote F1
holding NONE Class F Common Stock, par value $0.001 per share 4.09M Apr 29, 2024 See Footnote F2

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 41.5K $0.32 Direct F3
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 13.2K $3.42 Direct F3
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 7K $8.90 Direct F4
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 25.5K $14.18 Direct F5
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 3.5K $0.32 See Footnote 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 C Common Stock are held by an immediate family member of Mr. Harmon sharing the same household. Mr. Harmon is thus deemed to hold an indirect pecuniary interest in these shares of Class C Common Stock.
F2 Mr. Harmon owns an indirect pecuniary interest in these shares of Class F Common Stock by virtue of his 47.13% proportionate interest in their owner, Harmon Ventures, LLC.
F3 Represent fully-vested stock options exercisable for shares of Class F Common Stock.
F4 Represent stock options exercisable for shares of Class F Common Stock. Twenty-five percent (25%) of these options vested on November 2, 2022, with the remaining options vesting in equal monthly installments through November 2, 2025.
F5 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.
F6 Represent fully-vested stock options exercisable for shares of Class F Common Stock held by an immediate family member of Mr. Harmon sharing the same household. Mr. Harmon is thus deemed to hold an indirect pecuniary interest in these options.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney