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Angel Studios, Inc. — Director's Dealing 2025
Sep 22, 2025
32327_dirs_2025-09-22_52179a20-5001-432a-9919-caecf9d67f6b.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: 2025-09-10
Reporting Person: Ahlstrom Paul (Director)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock, par value $0.0001 per share | 1950628 | Direct |
| Class A Common Stock, par value $0.0001 per share | 1712 | Indirect |
| Class A Common Stock, par value $0.0001 per share | 3635162 | Indirect |
| Class B Common Stock, par value $0.0001 per share | 1712 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (right to buy) | $2.24 | 2032-12-02 | Class B Common Stock (123237) | Indirect | |
| Stock Option (right to buy) | $6.13 | 2035-02-03 | Class B Common Stock (155960) | Indirect | |
| Stock Option (right to buy) | $6.13 | 2035-02-03 | Class B Common Stock (41760) | Indirect |
Footnotes
F1: Prior to the Issuer's business combination (the "Business Combination"), the fully-vested stock options represented the right to purchase 23,033 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 123,237 shares of the Issuer's Class B Common Stock.
F2: Prior to the Business Combination, the fully-vested stock options represented the right to purchase 29,149 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 155,960 shares of the Issuer's Class B Common Stock.
F3: Prior to the Business Combination, the stock options represented the right to purchase 7,805 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 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.