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Angel Studios (ANGX) director exercises 2,648 RSUs into common shares

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Angel Studios director Crane Benton Deloss reported the vesting and automatic conversion of 2,648 Restricted Stock Units into an equal number of shares of Class A Common Stock on July 23, 2026.

The RSUs were granted under the issuer's 2025 Long-Term Incentive Plan, effective October 23, 2025, and vest in substantially equal quarterly increments over a one-year period. Following this conversion, Deloss directly holds 207,944 shares of Class A Common Stock and 2,649 RSUs, each RSU convertible into one share of common stock.

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Insider Crane Benton Deloss
Role Director
Type Security Shares Price Value
Exercise Class A Common Stock Restricted Stock Units F2, F1 2,648 -- --
Exercise Class A Common Stock, par value $0.0001 per share F1 2,648 -- --
Holdings After Transaction: Class A Common Stock Restricted Stock Units — 2,649 shares (Direct); Class A Common Stock, par value $0.0001 per share — 207,944 shares (Direct)
Footnotes (2)
  1. F1. RSU's convert into Class A Common Stock on a one-for-one basis.
  2. F2. Restricted Stock Units ("RSUs") are awarded under the Issuer's 2025 Long-Term Incentive Plan. The RSUs were effective on October 23, 2025, with such RSUs vesting in substantially equal quarterly increments, over a one-year period beginning October 23, 2025. Upon each vesting date, each vested RSU shall automatically convert into one share of common stock.
RSUs converted to shares 2648.0000 shares Restricted Stock Units converting into Class A Common Stock on 2026-07-23
Shares acquired via conversion 2648.0000 shares Class A Common Stock received upon RSU conversion on 2026-07-23
Common shares held after 207944.0000 shares Direct Class A Common Stock ownership following the reported transaction
RSUs held after 2649.0000 units Restricted Stock Units remaining after the RSU-to-share conversion
RSU vesting period one-year period RSUs vest in substantially equal quarterly increments over one year beginning October 23, 2025
RSU effectiveness date October 23, 2025 Date RSUs under the 2025 Long-Term Incentive Plan became effective
Restricted Stock Units financial
"Restricted Stock Units ("RSUs") are awarded under the Issuer's 2025 Long-Term Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
2025 Long-Term Incentive Plan financial
"RSUs are awarded under the Issuer's 2025 Long-Term Incentive Plan."
Class A Common Stock financial
"RSU's convert into Class A Common Stock on a one-for-one basis."
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.

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

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FAQ

What insider transaction did Crane Benton Deloss report for ANGX?

Crane Benton Deloss reported the vesting and conversion of 2,648 Restricted Stock Units into 2,648 shares of Angel Studios Class A Common Stock. These RSUs were granted under the 2025 Long-Term Incentive Plan and converted automatically upon vesting on July 23, 2026.

How many Angel Studios (ANGX) shares does Crane Benton Deloss hold after this Form 4?

After the reported transaction, Crane Benton Deloss directly holds 207,944 shares of Angel Studios Class A Common Stock. In addition, he has 2,649 Restricted Stock Units outstanding, each RSU convertible into one share of common stock upon vesting.

What was the size of the RSU conversion reported for ANGX?

The filing shows the conversion of 2,648 Restricted Stock Units into 2,648 shares of Class A Common Stock. This reflects a scheduled vesting event under Angel Studios' 2025 Long-Term Incentive Plan, not an open market purchase or sale of shares.

Under what plan were the ANGX RSUs granted to Crane Benton Deloss?

The Restricted Stock Units were granted under Angel Studios' 2025 Long-Term Incentive Plan. The RSUs became effective on October 23, 2025, and vest in substantially equal quarterly increments over a one-year period, with each vested unit converting into one share of common stock.

What is the vesting schedule of the ANGX RSUs reported in this Form 4?

The RSUs are effective October 23, 2025 and vest in substantially equal quarterly increments over a one-year period. On each vesting date, the vested Restricted Stock Units automatically convert into Class A Common Stock on a one-for-one basis.

Did the ANGX Form 4 involve any open market buying or selling?

No open market buying or selling is reported. The Form 4 reflects an exercise or conversion of derivative security: 2,648 Restricted Stock Units automatically converted into 2,648 shares of Class A Common Stock as part of the RSU vesting process.
SEC Form 4
FORM 4UNITED 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*
Crane Benton Deloss

(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/23/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock, par value $0.0001 per share07/23/2026M2,648A(1)207,944D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class A Common Stock Restricted Stock Units(2)07/23/2026M2,648 (2) (2)Class A Common Stock, par value $0.0001 per share2,648(1)2,649D
Explanation of Responses:
1. RSU's convert into Class A Common Stock on a one-for-one basis.
2. Restricted Stock Units ("RSUs") are awarded under the Issuer's 2025 Long-Term Incentive Plan. The RSUs were effective on October 23, 2025, with such RSUs vesting in substantially equal quarterly increments, over a one-year period beginning October 23, 2025. Upon each vesting date, each vested RSU shall automatically convert into one share of common stock.
/s/ Patrick J. Reilly, Attorney-in-Fact07/24/2026
** Signature of Reporting PersonDate
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)