Patrick J. Reilly - Apr 29, 2024 Form 3/A Insider Report for Angel Studios, Inc. (NONE)

Role
Chief Financial Officer
Signature
/s/ Patrick J. Reilly
Stock symbol
NONE
Transactions as of
Apr 29, 2024
Transactions value $
$0
Form type
3/A
Date filed
7/24/2024, 12:01 PM
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 100 Apr 29, 2024 Direct
holding NONE Class F Common Stock, par value $0.001 per share 111K 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 11.9K $3.42 Direct F1
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 65.9K $8.63 Direct F2
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 9.8K $11.95 Direct F3
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 47.7K $14.18 Direct F4
holding NONE Stock Option Apr 29, 2024 Class C Common Stock 16.3K $14.18 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represent fully-vested stock options exercisable for shares of Class F Common Stock.
F2 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.
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 April 20, 2024, with the remaining options vesting in equal monthly installments through April 20, 2027.
F5 This Amendment is being filed to correct an erroneous entry, on the fifth line of Table II of the Form 3 filed on April 29, 2024, to 16,259 stock options exercisable for shares of Class F Common Stock. As correctly reflected on the fifth line of Table II of this Amendment, the 16,259 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.