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

Role
Chief Experience 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, 12:04 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 50 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 30K $8.63 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 3.49K $11.95 Direct F3
holding NONE Stock Option Apr 29, 2024 Class F Common Stock 5K $14.18 Direct F4
holding NONE Stock Option Apr 29, 2024 Class C Common Stock 16.7K $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 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 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 16,730 stock options exercisable for shares of Class F Common Stock. As correctly reflected on the fifth line of Table II of this Amendment, the 16,730 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.