Elizabeth Ellis - 22 Jul 2024 Form 4 Insider Report for Angel Studios, Inc. (NONE)

Role
Director
Signature
/s/ Patrick J. Reilly, Attorney-in-fact
Issuer symbol
NONE
Transactions as of
22 Jul 2024
Net transactions value
+$12,500
Form type
4
Filing time
24 Jul 2024, 17:11:43 UTC
Previous filing
17 Jul 2024
Next filing
12 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NONE Class F Common Stock, par value $0.001 per share Options Exercise $12,500 +25,000 $0.5000* 25,000 23 Jul 2024 Direct F1

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
transaction NONE Stock Options Award +4,518 +27% 21,043 22 Jul 2024 Class C Common Stock, par value $0.001 per share 4,518 $14.18 Direct F2
transaction NONE Stock Options Options Exercise -25,000 -8% 285,651 23 Jul 2024 Class F Common Stock, par value $0.001 per share 25,000 $0.5000 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the exercise of fully-vested stock options to purchase 25,000 shares of the Issuer's Class F Common Stock.
F2 Represents stock incentive options, granted under the Issuer's 2023 Performance Equity Plan, exercisable for 4,518 shares of the Issuer's 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.
F3 Twenty-five percent (25%) of the options vested one year after the issuance date. The remaining options vested in thirty-six (36) equal monthly installments beginning June 15, 2015.