Angel Studios, Inc. — Director's Dealing 2025

Dec 9, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Angel Studios, Inc. (ANGX)
CIK: 0001865200
Period of Report: 2025-12-05

Reporting Person: Ellis Elizabeth (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-12-05	Class B Common Stock, par value $0.0001 per share	X	20000	$.16	Acquired	153761	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-12-05	Stock Option (Right to Buy)	$.16	X	20000	Disposed	2026-08-10	Class B Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock, par value $0.0001 per share	26752	Indirect

Footnotes

F1: These shares of Class B Common Stock are held by an immediate family member of Mrs. Ellis sharing the same household. Mrs. Ellis is thus deemed to hold an indirect pecuniary interest in these shares of Class B Common Stock.

F2: The fully-vested stock options represent the right to purchase shares of Angel Studios, Inc's Class B Common Stock, par value $0.0001 per share.