Angel Studios director buys 10,979 shares

Angel Studios, Inc. (ANGX) director Steven I. Sarowitz purchased 10,979 shares of Class A Common Stock on September 1, 2026 in an open-market or private transaction at a weighted average price of $4.2741 per share.

Rhea-AI Filing Summary

Angel Studios, Inc. (ANGX) director Steven I. Sarowitz purchased 10,979 shares of Class A Common Stock on September 1, 2026 in an open-market or private transaction at a weighted average price of $4.2741 per share. After this purchase, he directly holds 752,204 shares of Angel Studios Class A Common Stock. No Rule 10b5-1 trading plan is reported for this transaction. The price reflects multiple trades with execution prices ranging from $4.1750 to $4.3000 per share.

Insider Trade Summary

Net Buyer: 10,979 shares

Net Buy 1 txn

Insider Sarowitz Steven I

Role Director

Bought 10,979 shs ($47K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock, par value $0.0001 per share F1	10,979	$4.2741	$47K

Holdings After Transaction: Class A Common Stock, par value $0.0001 per share — 752,204 shares (Direct)

Footnotes (1)

1. F1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.1750 to $4.3000, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Key Figures

Shares purchased: 10,979 shares Weighted average purchase price: $4.2741 per share Post-transaction holdings: 752,204 shares +1 more

4 metrics

Shares purchased 10,979 shares Class A Common Stock acquired on September 1, 2026

Weighted average purchase price $4.2741 per share Open-market or private purchase on September 1, 2026

Post-transaction holdings 752,204 shares Direct Class A Common Stock held after the transaction

Trade price range $4.1750–$4.3000 per share Range of individual trade prices within the reported purchase

Key Terms

weighted average price, Class A Common Stock, Rule 10b5-1

3 terms

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Class A Common Stock financial

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

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.

Rule 10b5-1 regulatory

"No Rule 10b5-1 trading plan is reported for this transaction."

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

What insider transaction did ANGX report for director Steven I. Sarowitz?

Director Steven I. Sarowitz purchased 10,979 ANGX Class A shares on September 1, 2026 in an open-market or private transaction at a weighted average price of $4.2741 per share, increasing his direct ownership to 752,204 shares.

At what price did the ANGX director buy shares in this Form 4 filing?

The director’s reported purchase had a weighted average price of $4.2741 per share. The shares were bought in multiple trades with execution prices ranging from $4.1750 to $4.3000 per share, as disclosed in the footnote.

How many Angel Studios (ANGX) shares does the director own after this transaction?

Following the reported purchase, Steven I. Sarowitz directly owns 752,204 shares of Angel Studios, Inc. Class A Common Stock. This figure reflects his holdings immediately after the September 1, 2026 transaction.

Was the ANGX insider purchase made under a Rule 10b5-1 trading plan?

No. The filing indicates that no Rule 10b5-1 trading plan applies to this transaction, meaning the purchase is not affirmatively reported as being made pursuant to a pre-arranged trading plan.

What type of security did the ANGX director purchase in this Form 4?

The transaction involved Class A Common Stock, par value $0.0001 per share, of Angel Studios, Inc. The director acquired 10,979 shares of this security in the reported purchase.

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

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Available on EDGAR 09/03/2026 - 04:00 PM Accepted by SEC EDGAR 09/03/2026 - 04:00 PM Learn about SEC filing dates

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^*

Sarowitz Steven I

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

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 A Common Stock, par value $0.0001 per share	09/01/2026		P		10,979	A	$4.2741(1)	752,204	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

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.1750 to $4.3000, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

	/s/ Steve Sarowitz	09/03/2026
	** 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)