Angel Studios, Inc. — Director's Dealing 2025

Sep 19, 2025

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Angel Studios, Inc. (ANGX)
CIK: 0001865200
Period of Report: 2025-09-10

Reporting Person: Gigafund 1, LP (N/A)
Reporting Person: Gigafund 1 GP, LP (N/A)
Reporting Person: Nosek Luke (N/A)
Reporting Person: Oskoui Stephen D. (N/A)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	19459882	Direct
Class A Common Stock	53504	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options to Purchase Class B Common Stock	$2.24	2032-12-02	Class B Common Stock (137651)		Indirect

Footnotes

F1: These shares of Class A Common Stock are directly held by Gigafund 1, LP ("LP"). Gigafund 1 GP, LP ("GP") is the general partner of LP, and Stephen D. Oskoui and Luke Nosek control all voting and investments decisions with respect to securities held by LP and GP. Each of the Reporting Persons disclaim beneficial ownership of such securities, except to the extent of their respective pecuniary interest therein.

F2: These shares of Class A Common Stock, which are directly held by Stephen D. Oskoui, were acquired upon conversion of shares of Class B Common Stock, as reported on a Form 4 filed on September 16, 2025. Each of LP, GP, and Luke Nosek disclaim beneficial ownership of such securities.

F3: These options are directly held by Stephen D. Oskoui and each of LP, GP, and Luke Nosek disclaim beneficial ownership of such options.

F4: This report shall not be deemed an admission that the Reporting Persons are the beneficial owners of such securities for purposes of Section 16 or for any other purpose.