Neal Harmon - Jul 17, 2025 Form 4 Insider Report for Angel Studios, Inc.

Role: Chief Executive Officer, Director
Signature: /s/ Patrick J. Reilly, Attorney-in-Fact
Transactions as of: Jul 17, 2025
Transactions value $: $0
Form type: 4
Date filed: 7/21/2025, 08:57 PM
Previous filing: Apr 24, 2025
Next filing: Sep 22, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Harmon Neal	Chief Executive Officer, Director	295 W. CENTER ST, PROVO	/s/ Patrick J. Reilly, Attorney-in-Fact	2025-07-21	0002020176

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		Stock Options	Purchase		+2.63K	+3.09%		87.7K	Jul 17, 2025	Class C Common Stock, par value $0.001 per share	2.63K	$39.00	Direct	F1

* 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.