Jeffrey Harmon - 29 Apr 2024 Form 3/A Insider Report for Angel Studios, Inc. (NONE)

Role: Chief Content Officer
Signature: /s/ Patrick J. Reilly, Attorney-in-Fact
Issuer symbol: NONE
Transactions as of: 29 Apr 2024
Net transactions value: $0
Form type: 3/A
Filing time: 24 Jul 2024, 12:06:29 UTC
Date Of Original Report: 29 Apr 2024
Next filing: 24 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	NONE	Class B Common Stock, par value $0.001 per share						1,707	29 Apr 2024	Direct
holding	NONE	Class C Common Stock, par value $0.001 per share						24,380	29 Apr 2024	See Footnote	F1
holding	NONE	Class F Common Stock, par value $0.001 per share						4,093,526	29 Apr 2024	See Footnote	F2

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	NONE	Stock Option							29 Apr 2024	Class F Common Stock	41,481	$0.3200	Direct	F3
holding	NONE	Stock Option							29 Apr 2024	Class F Common Stock	13,158	$3.42	Direct	F3
holding	NONE	Stock Option							29 Apr 2024	Class F Common Stock	7,000	$8.90	Direct	F4
holding	NONE	Stock Option							29 Apr 2024	Class C Common Stock	25,549	$14.18	Direct	F5
holding	NONE	Stock Option							29 Apr 2024	Class F Common Stock	3,500	$0.3200	See Footnote	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares of Class C 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 C Common Stock.
F2	Mr. Harmon owns an indirect pecuniary interest in these shares of Class F Common Stock by virtue of his 47.13% proportionate interest in their owner, Harmon Ventures, LLC.
F3	Represent fully-vested stock options exercisable for shares of Class F Common Stock.
F4	Represent stock options exercisable for shares of Class F 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.
F5	This Amendment is being filed to correct an erroneous entry, on the fourth line of Table II of the Form 3 filed on April 29, 2024, to 25,549 stock options exercisable for shares of Class F Common Stock. As correctly reflected on the fourth line of Table II of this Amendment, the 25,549 stock options are instead exercisable for shares of 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.
F6	Represent fully-vested stock options exercisable for shares of Class F Common Stock 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 options.