Elizabeth Ellis - Sep 10, 2024 Form 4 Insider Report for Angel Studios, Inc. (NONE)

Role
Chief Operating Officer
Signature
/s/ Patrick J. Reilly, Attorney-in-fact
Stock symbol
NONE
Transactions as of
Sep 10, 2024
Transactions value $
$0
Form type
4
Date filed
9/12/2024, 05:00 PM
Previous filing
Jul 24, 2024

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 +53.4K +253.89% 74.5K Sep 10, 2024 Class C Common Stock, par value $0.001 per share 53.4K $30.24 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents stock options, granted under the Issuer's 2023 Performance Equity Plan, exercisable for 53,426 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.