STOCK TITAN

Angel Studios, Inc. (ANGX) director receives 2,648 vested shares

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Angel Studios, Inc. director Katie Liljenquist reported the vesting and automatic conversion of 2,648 Restricted Stock Units into an equal number of Class A Common Stock shares on July 23, 2026. Following this RSU conversion, she directly held 58,297 Class A shares and 2,649 RSUs.

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Insider Liljenquist Katie
Role Director
Type Security Shares Price Value
Exercise Class A Common Stock Restricted Stock Units F2, F1 2,648 -- --
Exercise Class A Common Stock, par value $0.0001 per share F1 2,648 -- --
Holdings After Transaction: Class A Common Stock Restricted Stock Units — 2,649 shares (Direct); Class A Common Stock, par value $0.0001 per share — 58,297 shares (Direct)
Footnotes (2)
  1. F1. RSU's convert into Class A Common Stock on a one-for-one basis.
  2. F2. 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.
RSUs converted 2,648 shares Restricted Stock Units converted to Class A Common Stock on July 23, 2026
Shares held after transaction 58,297 shares Direct Class A Common Stock holdings of Katie Liljenquist after July 23, 2026 transaction
RSUs remaining 2,649 units Restricted Stock Units balance following July 23, 2026 vesting and conversion event
Restricted Stock Units financial
"Restricted Stock Units ("RSUs") are awarded under the Issuer's 2025 Long-Term Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Long-Term Incentive Plan financial
"RSUs are awarded under the Issuer's 2025 Long-Term Incentive Plan."
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
Class A Common Stock financial
"RSU's convert into Class A Common Stock on a one-for-one basis."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What did Katie Liljenquist report in Angel Studios (ANGX) Form 4?

She reported 2,648 Restricted Stock Units vesting and converting into 2,648 Class A Common Stock shares on July 23, 2026. These RSUs were granted under Angel Studios’ 2025 Long-Term Incentive Plan and vest in substantially equal quarterly installments over one year.

How many Angel Studios (ANGX) shares does Katie Liljenquist hold after the Form 4 transaction?

After the reported transaction, Katie Liljenquist directly held 58,297 shares of Angel Studios Class A Common Stock. In addition, the Form 4 data show she retained 2,649 Restricted Stock Units, which may convert into additional shares as they vest under the long-term incentive award.

What are the vesting terms of Katie Liljenquist’s RSUs at Angel Studios (ANGX)?

According to the filing, her Restricted Stock Units were effective on October 23, 2025 and vest in substantially equal quarterly increments over a one-year period beginning that date. On each vesting date, each vested RSU automatically converts into one share of common stock.

Did the Angel Studios (ANGX) Form 4 show any open-market stock sales by Katie Liljenquist?

No. The Form 4 reports Code M transactions, reflecting the exercise and conversion of RSUs into common stock, with no Code S sale transactions. It records vesting-driven issuance of shares rather than discretionary buying or selling in the open market.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Liljenquist Katie

(Last)(First)(Middle)
295 W. CENTER ST

(Street)
PROVO UTAH 84601

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Angel Studios, Inc. [ ANGX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/23/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock, par value $0.0001 per share07/23/2026M2,648A(1)58,297D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class A Common Stock Restricted Stock Units(2)07/23/2026M2,648 (2) (2)Class A Common Stock, par value $0.0001 per share2,648(1)2,649D
Explanation of Responses:
1. RSU's convert into Class A Common Stock on a one-for-one basis.
2. 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.
/s/ Patrick J. Reilly, Attorney-in-Fact07/24/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)