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

Role: Chief Content 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, 12:06 PM
Date Of Original Report: Apr 29, 2024
Next filing: May 24, 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						1.71K	Apr 29, 2024	Direct
holding	NONE	Class C Common Stock, par value $0.001 per share						24.4K	Apr 29, 2024	See Footnote	F1
holding	NONE	Class F Common Stock, par value $0.001 per share						4.09M	Apr 29, 2024	See Footnote	F2

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	41.5K	$0.32	Direct	F3
holding	NONE	Stock Option							Apr 29, 2024	Class F Common Stock	13.2K	$3.42	Direct	F3
holding	NONE	Stock Option							Apr 29, 2024	Class F Common Stock	7K	$8.90	Direct	F4
holding	NONE	Stock Option							Apr 29, 2024	Class C Common Stock	25.5K	$14.18	Direct	F5
holding	NONE	Stock Option							Apr 29, 2024	Class F Common Stock	3.5K	$0.32	See Footnote	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares of Class C Common Stock are held by an immediate family member of Mr. Harmon sharing the same household. Mr. Harmon is thus deemed to hold an indirect pecuniary interest in these shares of Class C Common Stock.
F2	Mr. Harmon owns an indirect pecuniary interest in these shares of Class F Common Stock by virtue of his 47.13% proportionate interest in their owner, Harmon Ventures, LLC.
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 November 2, 2022, with the remaining options vesting in equal monthly installments through November 2, 2025.
F5	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 25,549 stock options exercisable for shares of Class F Common Stock. As correctly reflected on the fourth line of Table II of this Amendment, the 25,549 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.
F6	Represent fully-vested stock options exercisable for shares of Class F Common Stock held by an immediate family member of Mr. Harmon sharing the same household. Mr. Harmon is thus deemed to hold an indirect pecuniary interest in these options.