Elizabeth Ellis - Jul 22, 2024 Form 4 Insider Report for Angel Studios, Inc. (NONE)

Role
Director
Signature
/s/ Patrick J. Reilly, Attorney-in-fact
Stock symbol
NONE
Transactions as of
Jul 22, 2024
Transactions value $
$12,500
Form type
4
Date filed
7/24/2024, 05:11 PM
Previous filing
Jul 17, 2024
Next filing
Sep 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NONE Class F Common Stock, par value $0.001 per share Options Exercise $12.5K +25K $0.50* 25K Jul 23, 2024 Direct 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
transaction NONE Stock Options Award +4.52K +27.34% 21K Jul 22, 2024 Class C Common Stock, par value $0.001 per share 4.52K $14.18 Direct F2
transaction NONE Stock Options Options Exercise -25K -8.05% 286K Jul 23, 2024 Class F Common Stock, par value $0.001 per share 25K $0.50 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the exercise of fully-vested stock options to purchase 25,000 shares of the Issuer's Class F Common Stock.
F2 Represents stock incentive options, granted under the Issuer's 2023 Performance Equity Plan, exercisable for 4,518 shares of the Issuer's 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.
F3 Twenty-five percent (25%) of the options vested one year after the issuance date. The remaining options vested in thirty-six (36) equal monthly installments beginning June 15, 2015.