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

Role: Director
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, 03:41 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						5K	Apr 29, 2024	See Footnote	F1

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	25K	$0.50	Direct	F2
holding	NONE	Stock Option							Apr 29, 2024	Class F Common Stock	28K	$0.82	Direct	F2
holding	NONE	Stock Option							Apr 29, 2024	Class F Common Stock	1.02K	$0.32	Direct	F2
holding	NONE	Stock Option							Apr 29, 2024	Class F Common Stock	20K	$0.32	Direct	F2
holding	NONE	Stock Option							Apr 29, 2024	Class F Common Stock	101K	$0.32	Direct	F2, F7
holding	NONE	Stock Option							Apr 29, 2024	Class F Common Stock	11.7K	$3.42	Direct	F2
holding	NONE	Stock Option							Apr 29, 2024	Class F Common Stock	50K	$8.63	Direct	F3
holding	NONE	Stock Option							Apr 29, 2024	Class F Common Stock	7.18K	$11.95	Direct	F4
holding	NONE	Stock Option							Apr 29, 2024	Class F Common Stock	66.5K	$14.18	Direct	F5
holding	NONE	Stock Option							Apr 29, 2024	Class C Common Stock	16.5K	$14.18	Direct	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 F Common Stock are held by an immediate family member of Mrs. Ellis sharing the same household. Mrs. Ellis is thus deemed to hold an indirect pecuniary interest in these shares of Class F Common Stock.
F2	Represent fully-vested stock options exercisable for shares of Class F Common Stock.
F3	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.
F4	Represent fully-vested stock options exercisable for shares of Class F Common Stock.
F5	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.
F6	Represents stock options 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.
F7	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 101,205 stock options exercisable for shares of Class F Common Stock. The fifth line of Table II of this Amendment instead correctly refers to 101,250 stock options exercisable for shares of Class F Common Stock.