Patrick J. Reilly - 29 Apr 2024 Form 3/A Insider Report for Angel Studios, Inc.

Role: Chief Financial Officer
Signature: /s/ Patrick J. Reilly
Issuer symbol: N/A
Transactions as of: 29 Apr 2024
Net transactions value: $0
Form type: 3/A
Filing time: 24 Jul 2024, 12:01:38 UTC
Date Of Original Report: 29 Apr 2024
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						100	29 Apr 2024	Direct
holding		Class F Common Stock, par value $0.001 per share						110,732	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	11,864	$3.42	Direct	F1
holding		Stock Option							29 Apr 2024	Class F Common Stock	65,907	$8.63	Direct	F2
holding		Stock Option							29 Apr 2024	Class F Common Stock	9,800	$11.95	Direct	F3
holding		Stock Option							29 Apr 2024	Class F Common Stock	47,736	$14.18	Direct	F4
holding		Stock Option							29 Apr 2024	Class C Common Stock	16,259	$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.