Neal Harmon - 10 Sep 2025 Form 3 Insider Report for Angel Studios, Inc. (PORT)

Reporting relationship
Chief Executive Officer, Director
Issuer ticker
PORT
Reported as of
10 Sep 2025
Net transaction value
$0
Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
3
Accepted by SEC
22 Sep 2025, 21:55:34 UTC
Prior SEC filing
21 Jul 2025
Next SEC filing
12 Dec 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Patrick J. Reilly, Attorney-in-Fact

Key filing fact

Neal Harmon filed Form 3 for Angel Studios, Inc. (PORT) on 22 Sep 2025.

Key facts

  • This page summarizes Neal Harmon's Form 3 filing for Angel Studios, Inc. (PORT).
  • 0 reported transactions and 10 derivative rows are listed below.
  • Accepted by SEC: 22 Sep 2025, 21:55.

Change

  • Previous filing in this sequence was filed on 21 Jul 2025.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reporting Owners (1)

CIK 0002020176 Primary reporting owner

Harmon Neal

Relationship
Chief Executive Officer, Director
Address
295 W. CENTER ST., PROVO
Signature
/s/ Patrick J. Reilly, Attorney-in-Fact
Signature date
22 Sep 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ANGX holding

Class A Common Stock, par value $0.0001 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
26,495
Date
10 Sep 2025
Ownership
Direct
ANGX holding

Class A Common Stock, par value $0.0001 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
27,849
Date
10 Sep 2025
Ownership
See Footnote
Footnotes
F1
ANGX holding

Class B Common Stock, par value $0.0001 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
22,032,683
Date
10 Sep 2025
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ANGX holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
10 Sep 2025
Ownership
Direct
Underlying class
Class B Common Stock
Underlying amount
18,726
Exercise price
$0.0600
Footnotes
F2
ANGX holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
10 Sep 2025
Ownership
Direct
Underlying class
Class B Common Stock
Underlying amount
190,235
Exercise price
$0.0600
Footnotes
F3
ANGX holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
10 Sep 2025
Ownership
Direct
Underlying class
Class B Common Stock
Underlying amount
13,911
Exercise price
$0.0600
Footnotes
F4
ANGX holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
10 Sep 2025
Ownership
Direct
Underlying class
Class B Common Stock
Underlying amount
70,401
Exercise price
$0.6400
Footnotes
F5
ANGX holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
10 Sep 2025
Ownership
Direct
Underlying class
Class B Common Stock
Underlying amount
37,453
Exercise price
$1.67
Footnotes
F6
ANGX holding Derivative

Performance Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
10 Sep 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
136,158
Exercise price
$2.66
Footnotes
F7
ANGX holding Derivative

Performance Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
10 Sep 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
24,157
Exercise price
$2.66
Footnotes
F8
ANGX holding Derivative

Performance Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
10 Sep 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
253,729
Exercise price
$5.66
Footnotes
F9
ANGX holding Derivative

Performance Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
10 Sep 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
41,300
Exercise price
$6.13
Footnotes
F10
ANGX holding Derivative

Performance Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
10 Sep 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
14,087
Exercise price
$7.29
Footnotes
F11
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 11 footnotes

Footnote F1

These shares of Class A Common Stock are held by an immediate family member of Mr. Harmon sharing the same household. Mr. Harmon is thus deemed to hold an indirect pecuniary interest in these shares of Class A Common Stock.

Footnote F2

Prior to the Issuer's business combination (the "Business Combination"), the fully-vested stock options represented the right to purchase 3,500 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 18,726 shares of the Issuer's Class B Common Stock.

Footnote F3

Prior to the Business Combination, the fully-vested stock options represented the right to purchase 35,555 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 190,235 shares of the Issuer's Class B Common Stock.

Footnote F4

Prior to the Business Combination, the fully-vested stock options represented the right to purchase 2,600 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 13,911 shares of the Issuer's Class B Common Stock.

Footnote F5

Prior to the Business Combination, the fully-vested stock options represented the right to purchase 13,158 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 70,401 shares of the Issuer's Class B Common Stock.

Footnote F6

Prior to the Business Combination, the stock options represented the right to purchase 7,000 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 37,453 shares of the Issuer's Class B Common Stock. Twenty-five percent (25%) of these options vested on November 2, 2022, with the remaining options vesting in equal monthly installments through November 2, 2025.

Footnote 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 25,448 shares of Angel Legacy Inc.'s Class C Common Stock. Following the Business Combination, the PSUs converted into the right to purchase 136,158 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.

Footnote 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 4,515 shares of Angel Legacy Inc.'s Class C Common Stock. Following the Business Combination, the PSUs converted into the right to purchase 24,157 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.

Footnote 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 47,422 shares of Angel Legacy Inc.'s Class C Common Stock. Following the Business Combination, the PSUs converted into the right to purchase 253,729 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.

Footnote F10

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 7,719 shares of Angel Legacy Inc.'s Class C Common Stock. Following the Business Combination, the PSUs converted into the right to purchase 41,300 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.

Footnote F11

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 2,633 shares of Angel Legacy Inc.'s Class C Common Stock. Following the Business Combination, the PSUs converted into the right to purchase 14,087 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.

SEC remarks

Exhibit 24 - Power of Attorney

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