Angel Studios (ANGX) director buys 353,815 Class A shares in market

Rhea-AI Filing Summary

Angel Studios, Inc. director Steven I. Sarowitz reported open-market or private purchases of Class A Common Stock. On August 12, 2026, he purchased 246,153 shares at a weighted average price of $3.7063 per share, with individual trade prices ranging from $3.6500 to $3.7650. On August 13, 2026, he purchased an additional 107,662 shares at a weighted average price of $4.1173 per share, with trade prices ranging from $3.7300 to $4.2000. In total, the filing reports purchases of 353,815 shares of Class A Common Stock held directly.

Insider Trade Summary

Net Buyer: 353,815 shares

Net Buy 2 txns

Insider Sarowitz Steven I

Role Director

Bought 353,815 shs ($1.36M)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock, par value $0.0001 per share F2	107,662	$4.1173	$443K
Purchase	Class A Common Stock, par value $0.0001 per share F1	246,153	$3.7063	$912K

Holdings After Transaction: Class A Common Stock, par value $0.0001 per share — 683,303 shares (Direct)

Footnotes (2)

1. F1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.6500 to $3.7650, 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.
2. F2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.7300 to $4.2000, 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 2026-08-12: 246,153 shares Weighted average price 2026-08-12: $3.7063 per share Price range 2026-08-12: $3.6500–$3.7650 per share +4 more

7 metrics

Shares purchased 2026-08-12 246,153 shares Class A Common Stock purchased at weighted average price on August 12, 2026

Weighted average price 2026-08-12 $3.7063 per share Open-market or private purchases on August 12, 2026

Price range 2026-08-12 $3.6500–$3.7650 per share Individual trade prices for August 12, 2026 purchases

Shares purchased 2026-08-13 107,662 shares Class A Common Stock purchased at weighted average price on August 13, 2026

Weighted average price 2026-08-13 $4.1173 per share Open-market or private purchases on August 13, 2026

Price range 2026-08-13 $3.7300–$4.2000 per share Individual trade prices for August 13, 2026 purchases

Total shares bought 353,815 shares Aggregate Class A Common Stock purchases across the reported transactions

Key Terms

weighted average price, open market or private transaction, 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.

open market or private transaction financial

"transaction code description: Purchase in open market or private transaction"

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

What insider transactions did ANGX director Steven Sarowitz report?

Steven I. Sarowitz reported two purchases of Angel Studios (ANGX) Class A Common Stock, totaling 353,815 shares on August 12 and 13, 2026 in open-market or private transactions.

How many ANGX shares did Steven Sarowitz buy and on what dates?

He bought 246,153 shares on August 12, 2026 and 107,662 shares on August 13, 2026, for a combined total of 353,815 shares of Angel Studios Class A Common Stock.

At what prices were the recent ANGX insider share purchases made?

The August 12, 2026 purchases had a weighted average price of $3.7063 per share, with trades from $3.6500–$3.7650. The August 13, 2026 purchases averaged $4.1173, with trades from $3.7300–$4.2000.

Were the recent ANGX insider purchases made under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not checked, and the footnotes do not describe a trading plan, indicating the reported purchases were not affirmatively designated as made under a Rule 10b5-1 plan.

Are Steven Sarowitz’s ANGX share purchases held directly or indirectly?

The filing lists the ownership type for both transactions as direct, indicating the 353,815 purchased shares of Angel Studios Class A Common Stock are reported as directly held by Steven I. Sarowitz.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/14/2026 - 06:06 PM Accepted by SEC EDGAR 08/14/2026 - 06:05 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)
08/12/2026

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	08/12/2026		P		246,153	A	$3.7063(1)	575,641	D
Class A Common Stock, par value $0.0001 per share	08/13/2026		P		107,662	A	$4.1173(2)	683,303	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 $3.6500 to $3.7650, 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.

2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.7300 to $4.2000, 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	08/14/2026
	** 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)