Jordan Harmon - 24 Apr 2025 Form 4 Insider Report for Angel Studios, Inc. (NONE)

Role
President
Signature
/s/ Patrick J. Reilly, Attorney-in-fact
Issuer symbol
NONE
Transactions as of
24 Apr 2025
Transactions value $
$0
Form type
4
Filing time
24 Apr 2025, 17:34:37 UTC
Previous filing
30 Sep 2024
Next filing
21 Jul 2025
SEC
View on sec.gov

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 +8.98K +8.44% 115K 24 Apr 2025 Class C Common Stock, par value $0.001 per share 8.98K $32.76 Direct F1
transaction NONE Stock Options Award +300K +84.77% 654K 24 Apr 2025 Class F Common Stock, par value $0.001 per share 300K $32.76 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents stock options, granted under the Issuer's 2023 Performance Equity Plan, exercisable for 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.
F2 Represents stock options exercisable for shares of Class F Common Stock. Twenty-five percent (25%) of these options will vest on April 24, 2026, with the remaining options vesting in equal monthly installments from April 24, 2026 through April 24, 2029.