Angel Studios officer gifts 11.2M Class B
Angel Studios, Inc. Chief Content Officer Jeffrey Harmon reported bona fide gifts totaling 11,185,738 shares of Class B Common Stock on June 29, 2026.
Rhea-AI Filing Summary
Angel Studios, Inc. Chief Content Officer Jeffrey Harmon reported bona fide gifts totaling 11,185,738 shares of Class B Common Stock on June 29, 2026. The gifts include 5,073,000 shares to an irrevocable Delaware noncharitable purpose trust and 3,056,369 shares to irrevocable family estate-planning trusts, all at a stated price of $0.00 per share. The footnotes state he received no consideration, and he disclaims beneficial and pecuniary interest in the transferred shares. After these transactions, he reports 13,782,019 Class B shares held directly and 3,056,369 shares held indirectly through estate-planning trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
11,185,738 shares gifted
Gift
3 txns
Insider
Harmon Jeffrey
Role
Chief Content Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock, par value $0.0001 per share | 5,073,000 | $0.00 | $0.00 |
| Gift | Class B Common Stock, par value $0.0001 per share | 3,056,369 | $0.00 | $0.00 |
| Gift | Class B Common Stock, par value $0.0001 per share | 3,056,369 | $0.00 | $0.00 |
Holdings After Transaction:
Class B Common Stock, par value $0.0001 per share — 13,782,019 shares (Direct);
Class B Common Stock, par value $0.0001 per share — 3,056,369 shares (Indirect, Estate Planning Trusts)
Footnotes (2)
- F1. This transaction represents a bona fide gift of 5,073,000 shares of Class B Common Stock to an irrevocable Delaware noncharitable purpose trust. The purpose of the transfer is to preserve the voting power associated with the Class B Common Stock within the trust structure on a permanent basis. The trust has no named beneficiaries and the shares are not intended for distribution to any individual, including the reporting person's family members. The reporting person received no consideration for this transfer and disclaims all beneficial and pecuniary interest in the shares.
- F2. This transaction represents a bona fide gift of 3,056,369 shares of Class B Common Stock to irrevocable trusts established for the benefit of the reporting person's family members for estate planning purposes. The reporting person does not serve as trustee of the trusts and does not receive any financial benefit from the shares held therein. The reporting person disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest he may be deemed to have under Rule 16a-1(a)(2) as a result of certain of the trustees being immediate family members who share his household.
Key Figures
Total gifted shares: 11,185,738 shares
Gift to purpose trust: 5,073,000 shares
Gifts to family trusts: 3,056,369 shares
+3 more
6 metrics
Total gifted shares
11,185,738 shares
Bona fide gifts of Class B Common Stock on June 29, 2026
Gift to purpose trust
5,073,000 shares
Irrevocable Delaware noncharitable purpose trust
Gifts to family trusts
3,056,369 shares
Irrevocable estate-planning trusts for family members
Direct holdings after
16,838,388 shares
Class B Common Stock held directly after gifts
Indirect holdings after
3,056,369 shares
Class B Common Stock held indirectly via estate-planning trusts
Stated gift price
$0.00 per share
Price per share for reported bona fide gifts
Key Terms
bona fide gift, irrevocable Delaware noncharitable purpose trust, pecuniary interest, beneficial ownership, +1 more
5 terms
bona fide gift financial
"This transaction represents a bona fide gift of 5,073,000 shares of Class B Common Stock"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
irrevocable Delaware noncharitable purpose trust financial
"a bona fide gift of 5,073,000 shares ... to an irrevocable Delaware noncharitable purpose trust"
pecuniary interest financial
"disclaims all beneficial and pecuniary interest in the shares"
beneficial ownership financial
"disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Rule 16a-1(a)(2) regulatory
"pecuniary interest he may be deemed to have under Rule 16a-1(a)(2)"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ANGX Chief Content Officer Jeffrey Harmon report?
Jeffrey Harmon reported bona fide gifts of 11,185,738 Class B Common shares. These were non-cash transfers recorded at $0.00 per share, made primarily to irrevocable trusts for estate-planning and governance purposes, rather than open-market sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
