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

Reporting relationship: Director
Issuer ticker: PORT
Reported as of: 10 Sep 2025
Net transaction value: $0
SEC form: 3
Accepted by SEC: 22 Sep 2025, 21:56:09 UTC
Prior SEC filing: 21 Apr 2025
Next SEC filing: 28 Oct 2025
Source filing: View source filing
Reporting owner signature: /s/ Patrick J. Reilly, Attorney-in-Fact

Key filing fact

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

Key facts

This page summarizes Paul Ahlstrom's Form 3 filing for Angel Studios, Inc. (PORT).
0 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 22 Sep 2025, 21:56.

Change

Previous filing in this sequence was filed on 21 Apr 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 0002020125 Primary reporting owner

Ahlstrom Paul

Relationship: 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: 1,950,628
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: 1,712
Date: 10 Sep 2025
Ownership: By NISI Publishing, LLC.

ANGX holding

Class A Common Stock, par value $0.0001 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,635,162
Date: 10 Sep 2025
Ownership: By Alta Ventures Mexico Fund I, LP.

ANGX holding

Class B Common Stock, par value $0.0001 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,712
Date: 10 Sep 2025
Ownership: By NISI Publishing, LLC.

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: By NISI Publishing, LLC.
Underlying class: Class B Common Stock
Underlying amount: 123,237
Exercise price: $2.24
Footnotes: F1

ANGX holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 10 Sep 2025
Ownership: By NISI Publishing, LLC.
Underlying class: Class B Common Stock
Underlying amount: 155,960
Exercise price: $6.13
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: By NISI Publishing, LLC.
Underlying class: Class B Common Stock
Underlying amount: 41,760
Exercise price: $6.13
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Prior to the Issuer's business combination (the "Business Combination"), the fully-vested stock options represented the right to purchase 23,033 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 123,237 shares of the Issuer's Class B Common Stock.

Footnote F2

Prior to the Business Combination, the fully-vested stock options represented the right to purchase 29,149 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 155,960 shares of the Issuer's Class B Common Stock.

Footnote F3

Prior to the Business Combination, the stock options represented the right to purchase 7,805 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 41,760 shares of the Issuer's Class B Common Stock. These stock options will vest in substantially equal quarterly increments, over a one-year period beginning January 1, 2025.

SEC remarks

Exhibit 24 - Power of Attorney

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