Angel Studios, Inc. — Director's Dealing 2025

Sep 16, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Angel Studios, Inc. (ANGX)
CIK: 0001865200
Period of Report: 2025-09-12

Reporting Person: Oskoui Stephen D. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-09-12	Class A Common Stock	C	53504	—	Acquired	53504	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-09-12	Class B Common Stock	$	C	53504	Disposed		Class A Common Stock (53504)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	19459882	Indirect

Footnotes

F1: Each share of Class B Common Stock was convertible at any time into one share of Class A Common Stock. The Class B Common Stock had no expiration date.

F2: These shares of Class A Common Stock are directly held by Gigafund 1, LP. Gigafund 1 GP, LP is the general partner of Gigafund 1, LP. The Reporting Person and Luke Nosek control all voting and investments decisions with respect to securities held by Gigafund 1, LP and Gigafund 1 GP, LP. The Reporting Person may be deemed to beneficially own the Class A Common Stock directly held by Gigafund 1, LP and disclaims beneficial ownership of the securities, except to the extent of his pecuniary interest therein. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities.