Welcome to our dedicated page for Angel Studios SEC filings (Ticker: ANGX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Angel Studios, Inc. (NYSE: ANGX) SEC filings page on Stock Titan brings together the company’s regulatory disclosures as a media and technology business focused on values-driven films and television series. Through its filings, Angel details how its Angel Guild membership base, theatrical releases, and platform activity translate into revenue, expenses, and capital structure.
Key documents for ANGX include annual reports on Form 10-K and quarterly reports on Form 10-Q, where Angel reports financial results, discusses the growth of its paying Angel Guild members, and outlines the contribution of recurring membership revenue relative to total revenue. These filings also describe content investments, marketing spend around theatrical releases such as DAVID, and the company’s use of a credit facility and digital assets as part of its treasury strategy.
Angel’s current reports on Form 8-K provide timely updates on material events, including record presales for DAVID, milestones in Guild membership, planned acquisitions of franchises like Tuttle Twins, Homestead, and The Wingfeather Saga, and the establishment of an at-the-market equity offering program under a Form S-3 shelf registration. Other 8-K filings describe executive compensation arrangements under the 2025 Long-Term Incentive Plan and equity awards tied to share price performance.
Investors can also review registration statements such as the company’s Form S-3, which supports potential resales by securityholders and future capital raises, along with related legal opinions and exhibits. Stock Titan’s interface surfaces these filings with AI-powered summaries that explain complex sections, highlight items like revenue drivers, stock-based compensation, and material agreements, and make it easier to locate specific information such as equity distribution terms or compensation plans. Real-time updates and access to Forms 3, 4, and 5, when available, help users monitor insider equity activity alongside Angel’s broader regulatory history.
Angel Studios, Inc. director Paul Ahlstrom reported a restructuring of how he holds Class A common stock. On January 15, 2026, Alta Ventures Mexico Fund I, LP transferred 210,406 shares of Angel Studios Class A common stock from the fund to Ahlstrom, moving those shares from indirect to direct ownership at a reported price of $0 per share under transaction code J.
After this transfer, Ahlstrom directly beneficially owned 2,161,034 Class A shares. A related transaction removed his beneficial ownership, directly or indirectly, of the remaining 3,424,756 shares held by Alta Ventures Mexico Fund I, LP, leaving him with no indirect holdings through that fund.
Angel Studios, Inc. filed a current report to share a business milestone under Regulation FD. On December 30, 2025, the company announced via press release that it has surpassed two million paying Angel Guild members, highlighting the scale of its paying member community. The press release containing this information is attached as an exhibit and incorporated by reference.
Angel Studios, Inc. reports that theatrical presales for its upcoming animated musical DAVID have reached approximately $14 million as of December 16, 2025.
The company had previously disclosed that DAVID generated nearly $3 million in theatrical presales during its first three weeks on sale, and that by November 26, 2025, presales had increased to nearly $6 million alongside an expanded international theatrical rollout across 43 markets.
The company states that the continued rise in presales reflects exhibitor participation and audience demand ahead of the film’s nationwide theatrical release scheduled for December 19, 2025, while cautioning that presales are advance ticket purchases, are not recognized revenue, and that actual box office results may differ due to factors such as audience attendance, competing releases, market conditions, and other risks.
Angel Studios, Inc. reported an equity award grant to its Chief Executive Officer and director on a Form 4. The filing shows the CEO received 245,916 Restricted Stock Units (RSUs) and 129,176 Performance Stock Units (PSUs) under the company’s 2025 Long-Term Incentive Plan, effective December 10, 2025.
The RSUs vest one-third on December 10, 2026, with the remaining two-thirds vesting in eight quarterly installments through November 18, 2028, which ties the award to multi-year service. The PSUs will vest in ten equal tranches, each tied to increasing stock price milestones, aligning a significant portion of the CEO’s compensation with the company’s future stock performance.
Angel Studios, Inc. reported that its Board approved 2026 compensation arrangements for certain executive officers under its 2025 Long-Term Incentive Plan. For Chief Executive Officer Neal Harmon, the Board set a 2026 base salary of $550,000 and granted 245,916 restricted stock units (RSUs) and 129,176 performance-based restricted stock units (PSUs).
The RSU grant vests one-third on December 10, 2026, with the remaining two-thirds vesting in eight equal quarterly installments from February 18, 2027 through November 18, 2028, subject to the 2025 plan and award agreements. The PSUs vest only if minimum average share-price milestones are met during the ten-year period after grant and the executive remains employed on the first day of the quarter after the milestone is reached. Each RSU and PSU corresponds to one share of Class A common stock.
Angel Studios, Inc. reported an insider equity transaction for its Chief Operating Officer on a Form 4. On 12/05/2025, the officer had a transaction in 20,000 shares of Class B common stock at $0.16 per share. After this activity, the officer directly beneficially owned 153,761 shares of Class B common stock and indirectly beneficially owned an additional 26,752 shares held by an immediate family member in the same household. The filing also reports a stock option for 20,000 shares of Class B common stock with an exercise price of $0.16 per share, which is fully vested and first exercisable on 08/10/2026, leaving the officer with 129,812 stock options beneficially owned following the reported transaction.
Angel Studios, Inc. entered into an Equity Distribution Agreement with Oppenheimer & Co., TCBI Securities (Texas Capital Securities), Maxim Group and Roth Capital Partners, allowing the company to offer and sell from time to time up to $150,000,000 of its Class A common stock through an "at-the-market" equity program. Shares may be sold under an effective shelf registration statement and related prospectus and prospectus supplement.
The sales agents will use commercially reasonable efforts to place the stock, and will receive a commission of up to 3.0% of the gross sales price per share. Angel Studios also agreed to reimburse certain legal fees of the agents, including up to $100,000 for establishing the program and $15,000 on a quarterly basis. The agreement includes customary representations, warranties, indemnification and termination provisions, and explicitly states that it does not itself constitute an offer or sale where that would be unlawful.
Angel Studios, Inc. is launching an “at-the-market” equity program to sell up to $150,000,000 of Class A common stock through several sales agents on the NYSE or in negotiated deals. The company may issue shares from time to time, with Oppenheimer, Texas Capital Securities, Maxim Group and Roth Capital Partners acting as sales agents and earning up to 3.0% commissions on gross proceeds.
Based on an illustrative price of $4.48 per share, this would equal about 33,482,142 new shares, leading to immediate dilution of $3.60 per share for new investors compared with the adjusted net tangible book value. Net proceeds are intended for general corporate purposes, and management retains broad discretion over how the capital is deployed. The company notes that share issuances under this program, and potential resales by existing holders, could put pressure on the stock price and dilute existing ownership.
Angel Studios, Inc. has filed a pre-effective amendment to its registration statement on Form S-3 to register for resale up to 10,042,523 shares of common stock on behalf of existing stockholders. These shares include 1,988,093 shares issued under Regulation D, 6,591,748 shares held by parties to a registration rights agreement and certain note investors (including shares issuable on conversion of convertible notes), and up to 1,462,682 shares issuable upon exercise of warrants held by Trinity. All registered shares may be sold from time to time by the selling securityholders, who will decide the timing and method of any sales.
The company will not receive any proceeds from the resale of these shares, though it could receive cash if the Trinity warrants are exercised. As of November 24, 2025, there were 111,053,974 shares of Class A common stock and 57,579,096 shares of Class B common stock outstanding, and the Class A shares trade on the NYSE under the symbol ANGX. The filing also updates the prospectus to incorporate the company’s quarterly report for the period ended September 30, 2025.
Angel Studios, Inc. is registering up to 10,042,523 shares of its Common Stock for resale by existing stockholders under a Form S-1 on Form S-3, Pre-Effective Amendment No. 2. This is a secondary offering, so the company will not receive any proceeds from these sales.
The registered shares include stock issued under Regulation D, shares held by parties to a Registration Rights Agreement (including shares issuable upon conversion of certain convertible notes), and up to 1,462,682 shares issuable upon exercise of Trinity warrants. As of November 24, 2025, 111,053,974 Class A and 57,579,096 Class B shares were outstanding. Angel Studios operates a values-based media distribution platform built around its Angel Guild community and is an emerging growth company with a dual-class share structure listed on the NYSE under the symbol ANGX.