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Angel Studios, Inc. — Director's Dealing 2025
Dec 12, 2025
32327_dirs_2025-12-12_8dc64c94-33de-47a9-b0f9-8b6ba1578ef5.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Angel Studios, Inc. (ANGX)
CIK: 0001865200
Period of Report: 2025-12-12
Reporting Person: Harmon Neal (Director, Chief Executive Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-12-12 | Restricted Stock Units | $ | A | 245916 | Acquired | Common Stock (245916) | Direct | |
| 2025-12-12 | Performance Stock Units | $ | A | 129176 | Acquired | 2035-12-10 | Common Stock (129176) | Direct |
Footnotes
F1: Restricted Stock Units ("RSUs") are awarded under the Issuer's 2025 Long-Term Incentive Plan. The RSUs were effective on December 10, 2025, with such RSUs vesting one-third at the close of business on December 10, 2026, and the remaining two-thirds vesting in eight quarterly installments on the following dates: February 18, 2027, May 18, 2027, August 18, 2027, November 18, 2027, February 18, 2028, May 18, 2028, August 18, 2028, and November 18, 2028.
F2: Performance Stock Units ("PSUs") are awarded under the Issuer's 2025 Long-Term Incentive Plan. These awards are considered "Full Value Awards" for purposes of the Company's 2025 Long-Term Incentive Plan. The PSUs were effective on December 10, 2025 and will vest in 10 tranches, equally divided, with each tranche becoming vested based on a series of increasing stock price milestones.