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

Role
Chief Distribution Officer
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, 12:03 PM
Date Of Original Report
Apr 29, 2024
Next filing
Jul 24, 2024

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 8K $8.90 Direct F1
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 10K $11.95 Direct F2
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 17.2K $11.95 Direct F3
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 2.5K $14.18 Direct F4
holding NONE Stock Option Apr 29, 2024 Class C Common Stock 28K $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 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.
F2 Represent stock options exercisable for shares of Class F Common Stock. Twenty-five percent (25%) of these options vested vest on July 22, 2023, with the remaining options vesting in equal monthly installments through July 22, 2026.
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. One twenty-fourth (1/24th) of these options vested or will vest in equal monthly installments from May 20, 2023, through April 20, 2025.
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 28,021 stock options exercisable for shares of Class F Common Stock. As correctly reflected on the fifth line of Table II of this Amendment, the 28,021 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.