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Angel Studios, Inc. Director's Dealing 2025

Oct 28, 2025

32327_dirs_2025-10-28_0bed2b58-ed12-4f48-a716-ed1aed73b402.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Angel Studios, Inc. (ANGX)
CIK: 0001865200
Period of Report: 2025-10-23

Reporting Person: Liljenquist Katie (Director)

Holdings (Non-Derivative)

Security Shares Ownership
Class A Common Stock, par value $0.0001 per share 50353 Direct
Class B Common Stock, par value $0.0001 per share 28534 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (right to buy) $6.13 2035-02-03 Class B Common Stock (155960) Direct
Stock Option (right to buy) $6.13 2035-02-03 Class B Common Stock (41760) Direct
Stock Option (right to buy) $2.24 2032-12-02 Class B Common Stock (46244) Direct

Footnotes

F1: Represents fully-vested stock options granted to the reporting person under the Issuer's 2023 Stock Incentive Plan, exercisable for 155,960 shares of the Issuer's Class B Common Stock.

F2: Represents stock options granted to the reporting person under the Issuer's 2023 Stock Incentive Plan, exercisable for 41,760 shares of the Issuer's Class B Common Stock. These stock options will vest in substantially equal quarterly increments, over a one-year period beginning January 1, 2025.

F3: Represents fully-vested stock options granted to the reporting person under the Issuer's 2014 Stock Incentive Plan, exercisable for 46,244 shares of the Issuer's Class B Common Stock.