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

Role
President
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, 03:00 PM
Next filing
Jul 17, 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 1.5K Apr 29, 2024 Direct
holding NONE Class F Common Stock, par value $0.001 per share 119K Apr 29, 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 NONE Stock Option Apr 29, 2024 Class F Common Stock 100K $8.63 Direct F1
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 53.9K $14.18 Direct F2
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 200K $14.18 Direct F3
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 22.9K $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