Jordan Harmon - 29 Apr 2024 Form 3 Insider Report for Angel Studios, Inc.

Role
President
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, 15:00:51 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 1,500 29 Apr 2024 Direct
holding Class F Common Stock, par value $0.001 per share 119,439 29 Apr 2024 Direct

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 100,000 $8.63 Direct F1
holding Stock Option 29 Apr 2024 Class F Common Stock 53,880 $14.18 Direct F2
holding Stock Option 29 Apr 2024 Class F Common Stock 200,000 $14.18 Direct F3
holding Stock Option 29 Apr 2024 Class F Common Stock 22,924 $14.18 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represent stock options exercisable for shares of Class F Common Stock. Twenty-five percent (25%) of these options vested on August 3, 2022, with the remaining options vesting in equal monthly installments through August 3, 2025.
F2 Represent stock options exercisable for shares of Class F Common Stock. Twenty-five percent (25%) of these options vested on April 20, 2024, with the remaining options vesting in equal monthly installments through April 20, 2027.
F3 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