Angel Studios, Inc. — Director's Dealing 2026

Jan 26, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Angel Studios, Inc. (ANGX)
CIK: 0001865200
Period of Report: 2025-11-26

Reporting Person: Crane Benton Deloss (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-11-26	Class B Common Stock, par value $0.0001 per share	C	200000	—	Disposed	367202	Direct
2025-11-26	Class A Common Stock, par value $0.0001 per share	C	200000	—	Acquired	200000	Direct
2026-01-23	Class A Common Stock, par value $0.0001 per share	M	2648	—	Acquired	202648	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-01-23	Class A Common Stock Restricted Stock Units	$	M	2648	Disposed		Class A Common Stock, par value $0.0001 per share (2648)	Direct

Footnotes

F1: On November 26, 2025, the reporting person converted Class B Common Stock into Class A Common Stock.

F2: RSU's convert into Class A Common Stock on a one-for-one basis.

F3: Restricted Stock Units ("RSUs") are awarded under the Issuer's 2025 Long-Term Incentive Plan. The RSUs were effective on October 23, 2025, with such RSUs vesting in substantially equal quarterly increments, over a one-year period beginning October 23, 2025. Upon each vesting date, each vested RSU shall automatically convert into one share of common stock.