Jordan Harmon - 29 Apr 2024 Form 3/A Insider Report for Angel Studios, Inc.

Role: President
Signature: /s/ Patrick J. Reilly, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 29 Apr 2024
Net transactions value: $0
Form type: 3/A
Filing time: 24 Jul 2024, 12:05:42 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						1,500	29 Apr 2024	Direct
holding		Class F Common Stock, par value $0.001 per share						119,439	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	100,000	$8.63	Direct	F1
holding		Stock Option							29 Apr 2024	Class F Common Stock	53,880	$14.18	Direct	F2
holding		Stock Option							29 Apr 2024	Class F Common Stock	200,000	$14.18	Direct	F3
holding		Stock Option							29 Apr 2024	Class C Common Stock	22,924	$14.18	Direct	F4

* 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 April 20, 2024, with the remaining options vesting in equal monthly installments through April 20, 2027.
F3	Represent stock options exercisable for shares of Class F 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.
F4	This Amendment is being filed to correct an erroneous entry, on the fourth line of Table II of the Form 3 filed on April 29, 2024, to 22,924 stock options exercisable for shares of Class F Common Stock. As correctly reflected on the fourth line of Table II of this Amendment, the 22,924 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.