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

Role
Chief Executive Officer, Director
Signature
/s/ Patrick J. Reilly, Attorney-in-Fact
Stock symbol
NONE
Transactions as of
Apr 29, 2024
Transactions value $
$0
Form type
3/A
Date filed
7/24/2024, 11:59 AM
Date Of Original Report
Apr 29, 2024
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 12 Apr 29, 2024 Direct
holding NONE Class C Common Stock, par value $0.001 per share 5.21K Apr 29, 2024 See Footnote F1
holding NONE Class F Common Stock, par value $0.001 per share 4.12M 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 3.5K $0.32 Direct F3
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 35.6K $0.32 Direct F3
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 2.6K $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 C Common Stock 25.4K $14.18 Direct F5
* 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 47.41% 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 This Amendment is being filed to correct an erroneous entry, on the sixth line of Table II of the Form 3 filed on April 29, 2024, to 25,448 stock options exercisable for shares of Class F Common Stock. As correctly reflected on the sixth line of Table II of this Amendment, the 25,448 stock options are instead exercisable for shares of Class C 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.