Eric Glen Nickle - 10 Sep 2025 Form 3 Insider Report for Angel Studios, Inc. (PORT)

Role
Chief Legal Officer
Signature
/s/ Patrick J. Reilly, Attorney-in-Fact
Issuer symbol
PORT
Transactions as of
10 Sep 2025
Net transactions value
$0
Form type
3
Filing time
09 Oct 2025, 15:33:56 UTC
Previous filing
22 Feb 2024
Next filing
20 Nov 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Nickle Eric Glen Chief Legal Officer 295 W. CENTER ST., PROVO /s/ Patrick J. Reilly, Attorney-in-Fact 09 Oct 2025 0001752824

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 267,523 $6.13 Direct F1
holding ANGX Performance Stock Units 10 Sep 2025 Class A Common Stock 80,256 $6.13 Direct F2
* 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 stock options represented the right to purchase 50,000 shares of Angel Legacy, Inc's Class F Common Stock, par value $0.001 per share. Following the Issuer's business combination, the stock options converted into the right to purchase 267,523 shares of the Issuer's Class B Common Stock. Twenty-five percent (25%) of these options vested on April 14, 2026, with the remaining options vesting in equal monthly installments through April 14, 2029.
F2 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 15,000 shares of Angel Legacy Inc.'s Class C Common Stock. Following the Business Combination, the PSUs converted into the right to purchase 80,256 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.