Jordan Harmon - 24 Apr 2025 Form 4 Insider Report for Angel Studios, Inc.

Role
President
Signature
/s/ Patrick J. Reilly, Attorney-in-fact
Issuer symbol
N/A
Transactions as of
24 Apr 2025
Net transactions value
$0
Form type
4
Filing time
24 Apr 2025, 17:34:37 UTC
Previous filing
30 Sep 2024
Next filing
21 Jul 2025
SEC
View on sec.gov

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 Stock Options Award +8,976 +8.4% 115,291 24 Apr 2025 Class C Common Stock, par value $0.001 per share 8,976 $32.76 Direct F1
transaction Stock Options Award +300,000 +85% 653,880 24 Apr 2025 Class F Common Stock, par value $0.001 per share 300,000 $32.76 Direct F2
* 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 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.
F2 Represents stock options exercisable for shares of Class F Common Stock. Twenty-five percent (25%) of these options will vest on April 24, 2026, with the remaining options vesting in equal monthly installments from April 24, 2026 through April 24, 2029.