Angel Studios director buys 57,922 company shares

Rhea-AI Filing Summary

Angel Studios director Steven I. Sarowitz purchased 57,922 shares of Angel Studios, Inc. Class A Common Stock in an open-market or private transaction on 2026-08-14 at a weighted average price of $4.261 per share, with individual trade prices ranging from $4.20 to $4.30. Following this transaction, he directly holds 741,225 Class A shares. The transaction was reported as a non-derivative purchase and was not made under a Rule 10b5-1 trading plan.

Insider Trade Summary

Net Buyer: 57,922 shares

Net Buy 1 txn

Insider Sarowitz Steven I

Role Director

Bought 57,922 shs ($247K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock, par value $0.0001 per share F1	57,922	$4.261	$247K

Holdings After Transaction: Class A Common Stock, par value $0.0001 per share — 741,225 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 $4.2000 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: 57,922 shares Weighted average purchase price: $4.261 per share Post-transaction holdings: 741,225 shares +2 more

5 metrics

Shares purchased 57,922 shares Non-derivative purchase of Class A Common Stock on 2026-08-14

Weighted average purchase price $4.261 per share Price for 57,922 Class A shares bought on 2026-08-14

Post-transaction holdings 741,225 shares Total Class A Common Stock directly owned after the transaction

Price range of trades $4.20–$4.30 per share Range of individual trade prices within the reported purchase

Par value $0.0001 per share Par value of Angel Studios, Inc. Class A Common Stock

Key Terms

weighted average price, non-derivative, par value

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.

non-derivative financial

"The transaction was reported as a non-derivative purchase."

par value financial

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

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

FAQ

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

What did ANGX director Steven I. Sarowitz report in this Form 4 filing?

Steven I. Sarowitz reported a purchase of 57,922 ANGX Class A shares on 2026-08-14 at a weighted average price of $4.261 per share, increasing his direct holdings to 741,225 shares of Angel Studios, Inc. common stock.

At what prices did Steven I. Sarowitz buy ANGX shares in this transaction?

He bought 57,922 ANGX shares at a weighted average price of $4.261 per share. According to the disclosure, individual trades occurred in multiple transactions at prices ranging from $4.20 to $4.30 per share, inclusive.

How many ANGX shares does Steven I. Sarowitz own after this reported purchase?

After the reported transaction, Steven I. Sarowitz directly owns 741,225 ANGX Class A Common Stock shares. This figure reflects his post-transaction holdings as disclosed, following the open-market or private purchase of 57,922 shares on 2026-08-14.

Was the ANGX stock purchase by Steven I. Sarowitz made under a Rule 10b5-1 plan?

The transaction was not reported as being under a Rule 10b5-1 trading plan. The filing’s plan-status indicator is set to false, and the footnote describes the pricing details but does not reference any pre-arranged trading plan.

What type of security did Steven I. Sarowitz buy in Angel Studios (ANGX)?

He purchased Class A Common Stock of Angel Studios, Inc., with a par value of $0.0001 per share. The entire reported transaction of 57,922 shares relates to this non-derivative equity security, acquired in an open-market or private transaction.

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

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Available on EDGAR 08/17/2026 - 05:07 PM Accepted by SEC EDGAR 08/17/2026 - 05:06 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)
08/14/2026

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	08/14/2026		P		57,922	A	$4.261(1)	741,225	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 $4.2000 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	08/17/2026
	** 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)