Angel Studios COO exercises 129,812 stock options

Angel Studios, Inc. Chief Operating Officer Elizabeth Ellis exercised stock options on July 31, 2026 to acquire 129,812 shares of Class B Common Stock at $0.16 per share.

Accepted by SEC EDGAR 08/03/2026 - 05:10 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Angel Studios, Inc. Chief Operating Officer Elizabeth Ellis exercised stock options on July 31, 2026 to acquire 129,812 shares of Class B Common Stock at $0.16 per share. The fully vested options were scheduled to expire on August 10, 2026. After the exercise, she directly holds 283,573 Class B shares.

Insider Trade Summary

129,812 shares exercised/converted

Exercise 2 txns

Insider Ellis Elizabeth

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy) F1	129,812	$0.00	$0.00
Exercise	Class B Common Stock, par value $0.0001 per share	129,812	$0.16	$21K

Holdings After Transaction: Stock Option (Right to Buy) — 0 contracts (Direct); Class B Common Stock, par value $0.0001 per share — 283,573 shares (Direct)

Footnotes (1)

1. F1. The fully-vested stock options represent the right to purchase shares of Angel Studios, Inc's Class B Common Stock, par value $0.0001 per share.

Key Figures

Options exercised: 129,812 shares Exercise price: $0.16 per share Shares held after exercise: 283,573 shares +2 more

5 metrics

Options exercised 129,812 shares Stock options exercised on July 31, 2026

Exercise price $0.16 per share Price paid per share on option exercise

Shares held after exercise 283,573 shares Direct Class B Common Stock holdings following transaction

Option expiration date 2026-08-10 Scheduled expiration for the exercised stock options

Par value $0.0001 per share Par value of Angel Studios Class B Common Stock

Key Terms

Stock Option (Right to Buy), Class B Common Stock, par value $0.0001 per share, Exercise or conversion of derivative security

4 terms

Stock Option (Right to Buy) financial

"Security titled "Stock Option (Right to Buy)" was exercised"

Class B Common Stock financial

"Underlying security title is Class B Common Stock"

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

par value $0.0001 per share financial

"Class B Common Stock, par value $0.0001 per share"

Exercise or conversion of derivative security financial

"Transaction code description: Exercise or conversion of derivative security"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Angel Studios (ANGX) report for COO Elizabeth Ellis?

Angel Studios reported that COO Elizabeth Ellis exercised stock options to acquire 129,812 Class B Common shares at $0.16 per share on July 31, 2026. These options were fully vested and nearing their August 10, 2026 expiration date.

How many Angel Studios (ANGX) shares does Elizabeth Ellis hold after this transaction?

After exercising her options, Elizabeth Ellis directly holds 283,573 shares of Angel Studios Class B Common Stock. This increase reflects the exercise of 129,812 fully vested options that converted into an equal number of Class B shares.

What was the exercise price of the Angel Studios (ANGX) options used by Elizabeth Ellis?

The stock options exercised by Elizabeth Ellis had an exercise price of $0.16 per share. Exercising these fully vested options on July 31, 2026 resulted in her acquiring 129,812 Class B Common shares at that price.

What type of security did Elizabeth Ellis exercise at Angel Studios (ANGX)?

Elizabeth Ellis exercised a Stock Option (Right to Buy) that entitled her to purchase 129,812 shares of Angel Studios Class B Common Stock. The options were fully vested and were set to expire on August 10, 2026 if not exercised.

Did the Angel Studios (ANGX) Form 4 involve derivative and common stock entries?

Yes. The Form 4 shows a derivative entry for exercising a stock option covering 129,812 shares and a corresponding non-derivative entry for acquiring 129,812 Class B Common shares at $0.16 per share on the same date.

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

Form 4 Insider Transactions: What Each Field Means →

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SEC Form 4

FORM 4

UNITED 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^*

Ellis Elizabeth

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class B Common Stock, par value $0.0001 per share	07/31/2026		M		129,812	A	$0.16	283,573	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$0.16	07/31/2026		M			129,812	(1)	08/10/2026	Class B Common Stock	129,812	$0	0	D

Explanation of Responses:

1. The fully-vested stock options represent the right to purchase shares of Angel Studios, Inc's Class B Common Stock, par value $0.0001 per share.

	/s/ Patrick J. Reilly, Attorney-in-Fact	08/03/2026
	** Signature of Reporting Person	Date
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)