Angel Studios, Inc. — Director's Dealing 2021

Dec 9, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Southport Acquisition Corp (PORT)
CIK: 0001865200
Period of Report: 2021-12-09

Reporting Person: SPENCER JEB S. (Director, Chief Executive Officer, 10% Owner)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$		Class A Common Stock (5750000)		Indirect

Footnotes

F1: Shares of Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock at the time of the Issuer's initial business combination, or at any time prior thereto at the option of the holder, on a one-for-one basis, subject to adjustment, as described under the heading "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-261370), and have no expiration date.

F2: The securities are held by Southport Acquisition Sponsor LLC. The Reporting Person is one of the two members of the board of managers of Southport Acquisition Sponsor LLC, and shares voting and dispositive power over and may be deemed to beneficially own such shares held by Southport Acquisition Sponsor LLC. The Reporting Person disclaims beneficial ownership over any securities owned by Southport Acquisition Sponsor LLC other than to the extent of any pecuniary interest he may have therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.