Jared Geesey - 10 Sep 2025 Form 3 Insider Report for Angel Studios, Inc. (ANGX)

Role
Chief Distribution Officer
Signature
/s/ Patrick J. Reilly, Attorney-in-Fact
Issuer symbol
ANGX
Transactions as of
10 Sep 2025
Transactions value $
$0
Form type
3
Filing time
22 Sep 2025, 21:52:45 UTC
Previous filing
21 Jul 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Geesey Jared Chief Distribution Officer 295 W. CENTER ST., PROVO /s/ Patrick J. Reilly, Attorney-in-Fact 22 Sep 2025 0002020223

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 ANGX Stock Option (right to buy) 10 Sep 2025 Class B Common Stock 42.8K $1.67 Direct F1
holding ANGX Stock Option (right to buy) 10 Sep 2025 Class B Common Stock 53.5K $2.24 Direct F2
holding ANGX Stock Option (right to buy) 10 Sep 2025 Class B Common Stock 91.8K $2.24 Direct F3
holding ANGX Stock Option (right to buy) 10 Sep 2025 Class B Common Stock 13.4K $2.66 Direct F4
holding ANGX Performance Stock Units 10 Sep 2025 Class A Common Stock 150K $2.66 Direct F5
holding ANGX Performance Stock Units 10 Sep 2025 Class A Common Stock 22.1K $2.66 Direct F6
holding ANGX Performance Stock Units 10 Sep 2025 Class A Common Stock 67.9K $5.66 Direct F7
holding ANGX Performance Stock Units 10 Sep 2025 Class A Common Stock 47K $6.13 Direct F8
holding ANGX Performance Stock Units 10 Sep 2025 Class A Common Stock 11.4K $7.29 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Prior to the Issuer's business combination (the "Business Combination"), the fully-vested stock options represented the right to purchase 8,000 shares of Angel Legacy, Inc's Class F Common Stock, par value $0.001 per share. Following the Issuer's business combination, the fully-vested stock options converted into the right to purchase 42,803 shares of the Issuer's Class B Common Stock.
F2 Prior to the Business Combination, the fully-vested stock options represented the right to purchase 10,000 shares of Angel Legacy, Inc's Class F Common Stock, par value $0.001 per share. Following the Issuer's business combination, the fully-vested stock options converted into the right to purchase 53,504 shares of the Issuer's Class B Common Stock. Twenty-five percent (25%) of these options vested on April 1, 2023, with the remaining options vesting in equal monthly installments through April 1, 2026.
F3 Prior to the Business Combination, the fully-vested stock options represented the right to purchase 17,158 shares of Angel Legacy, Inc's Class F Common Stock, par value $0.001 per share. Following the Issuer's business combination, the fully-vested stock options converted into the right to purchase 91,803 shares of the Issuer's Class B Common Stock.
F4 Prior to the Business Combination, the fully-vested stock options represented the right to purchase 2,500 shares of Angel Legacy, Inc's Class F Common Stock, par value $0.001 per share. Following the Issuer's business combination, the fully-vested stock options converted into the right to purchase 13,376 shares of the Issuer's Class B Common Stock.
F5 Prior to the Business Combination, the performance stock units (PSUs) were granted under Angel Legacy, Inc's. 2023 Performance Equity Plan and represented the right to purchase 28,021 shares of Angel Legacy Inc.'s Class C Common Stock. Following the Business Combination, the PSUs converted into the right to purchase 149,925 shares of the Issuer's Class A 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 Prior to the Business Combination, the performance stock units (PSUs) were granted under Angel Legacy, Inc's. 2023 Performance Equity Plan and represented the right to purchase 4,136 shares of Angel Legacy Inc.'s Class C Common Stock. Following the Business Combination, the PSUs converted into the right to purchase 22,129 shares of the Issuer's Class A 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 Prior to the Business Combination, the performance stock units (PSUs) were granted under Angel Legacy, Inc's. 2023 Performance Equity Plan and represented the right to purchase 12,690 shares of Angel Legacy Inc.'s Class C Common Stock. Following the Business Combination, the PSUs converted into the right to purchase 67,897 shares of the Issuer's Class A 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.
F8 Prior to the Business Combination, the performance stock units (PSUs) were granted under Angel Legacy, Inc's. 2023 Performance Equity Plan and represented the right to purchase 8,779 shares of Angel Legacy Inc.'s Class C Common Stock. Following the Business Combination, the PSUs converted into the right to purchase 46,971 shares of the Issuer's Class A 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.
F9 Prior to the Business Combination, the performance stock units (PSUs) were granted under Angel Legacy, Inc's. 2023 Performance Equity Plan and represented the right to purchase 2,128 shares of Angel Legacy Inc.'s Class C Common Stock. Following the Business Combination, the PSUs converted into the right to purchase 11,385 shares of the Issuer's Class A 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.

Remarks:

Exhibit 24 - Power of Attorney