Jeffrey Harmon - Sep 10, 2025 Form 3 Insider Report for Angel Studios, Inc. (ANGX)

Role
Chief Content Officer
Signature
/s/ Patrick J. Reilly, Attorney-in-Fact
Stock symbol
ANGX
Transactions as of
Sep 10, 2025
Transactions value $
$0
Form type
3
Date filed
9/22/2025, 09:53 PM
Previous filing
Jul 21, 2025
Next filing
Nov 20, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Harmon Jeffrey Chief Content Officer 295 W. CENTER ST., PROVO /s/ Patrick J. Reilly, Attorney-in-Fact 2025-09-22 0002020174

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ANGX Class A Common Stock, par value $0.0001 per share 26.3K Sep 10, 2025 Direct
holding ANGX Class A Common Stock, par value $0.0001 per share 319K Sep 10, 2025 See Footnote F1
holding ANGX Class B Common Stock, par value $0.0001 per share 21.9M Sep 10, 2025 Direct

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 ANGX Stock Option (right to buy) Sep 10, 2025 Class B Common Stock 222K $0.06 Direct F2
holding ANGX Stock Option (right to buy) Sep 10, 2025 Class B Common Stock 18.7K $0.06 See Footnote F3
holding ANGX Stock Option (right to buy) Sep 10, 2025 Class B Common Stock 70.4K $0.64 Direct F4
holding ANGX Stock Option (right to buy) Sep 10, 2025 Class B Common Stock 37.5K $1.67 Direct F5
holding ANGX Performance Stock Units Sep 10, 2025 Class A Common Stock 137K $2.66 Direct F6
holding ANGX Performance Stock Units Sep 10, 2025 Class A Common Stock 32.4K $2.66 Direct F7
holding ANGX Performance Stock Units Sep 10, 2025 Class A Common Stock 193K $5.66 Direct F8
holding ANGX Performance Stock Units Sep 10, 2025 Class A Common Stock 40.7K $6.13 Direct F9
holding ANGX Performance Stock Units Sep 10, 2025 Class A Common Stock 18K $7.29 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of Class A 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 A Common Stock.
F2 Prior to the Issuer's business combination (the "Business Combination"), the fully-vested stock options represented the right to purchase 41,481 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 221,942 shares of the Issuer's Class B Common Stock.
F3 Prior to the Business Combination, the fully-vested stock options represented the right to purchase 3,500 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 18,726 shares of the Issuer's Class B Common Stock. These 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 stock options exercisable for shares of Class B Common Stock.
F4 Prior to the Business Combination, the fully-vested stock options represented the right to purchase 13,158 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 70,401 shares of the Issuer's Class B Common Stock
F5 Prior to the Business Combination, the stock options represented the right to purchase 7,000 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 37,453 shares of the Issuer's Class B 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.
F6 Prior to the Business Combination, the performance stock units (PSUs) were granted under Angel Legacy, Inc's. 2023 Performance Equity Plan and represented the right to purchase 25,549 shares of Angel Legacy Inc.'s Class C Common Stock. Following the Business Combination, the PSUs converted into the right to purchase 136,698 shares of the Issuer's Class A 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.
F7 Prior to the Business Combination, the performance stock units (PSUs) were granted under Angel Legacy, Inc's. 2023 Performance Equity Plan and represented the right to purchase 6,061 shares of Angel Legacy Inc.'s Class C Common Stock. Following the Business Combination, the PSUs converted into the right to purchase 32,429 shares of the Issuer's Class A 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.
F8 Prior to the Business Combination, the performance stock units (PSUs) were granted under Angel Legacy, Inc's. 2023 Performance Equity Plan and represented the right to purchase 36,031 shares of Angel Legacy Inc.'s Class C Common Stock. Following the Business Combination, the PSUs converted into the right to purchase 192,782 shares of the Issuer's Class A 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.
F9 Prior to the Business Combination, the performance stock units (PSUs) were granted under Angel Legacy, Inc's. 2023 Performance Equity Plan and represented the right to purchase 7,606 shares of Angel Legacy Inc.'s Class C Common Stock. Following the Business Combination, the PSUs converted into the right to purchase 40,695 shares of the Issuer's Class A 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.
F10 Prior to the Business Combination, the performance stock units (PSUs) were granted under Angel Legacy, Inc's. 2023 Performance Equity Plan and represented the right to purchase 3,371 shares of Angel Legacy Inc.'s Class C Common Stock. Following the Business Combination, the PSUs converted into the right to purchase 18,036 shares of the Issuer's Class A 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.

Remarks:

Exhibit 24 - Power of Attorney