Angel Studios, Inc. filings document the company’s operating results, material events, governance matters, and capital-structure disclosures as a public media and technology issuer. Recent 8-K reports furnish quarterly and annual financial results, operational highlights, Angel Guild disclosures, content-related updates, and Regulation FD communications.
The company’s SEC record also includes material-agreement disclosures involving credit facility amendments and obligations assumed after its completed business combination. Proxy and governance materials address shareholder voting matters, board and governance topics, material agreements, operating and financial results, and capital-structure information relevant to ANGX’s public-company reporting.
Angel Studios, Inc. director Nguyen Trang T reported the vesting and conversion of restricted stock units into Class A common stock. On January 23, 2026, 2,648 RSUs converted on a one-for-one basis into 2,648 shares of Class A common stock at an effective price of $0.00 per share, leaving 2,648 shares of Class A common stock held directly after the transaction.
The RSUs were granted under Angel Studios’ 2025 Long-Term Incentive Plan, became effective on October 23, 2025, and vest in substantially equal quarterly installments over one year starting on that date. After this transaction, 7,945 RSUs remain beneficially owned, each scheduled to convert automatically into one share of common stock upon vesting.
Angel Studios (ANGX) director Katie Liljenquist reported the vesting and settlement of 2,648 restricted stock units into 2,648 shares of Class A common stock on January 23, 2026. The Form 4 shows this as an option-like RSU conversion coded "M" at a stated price of $0.00 per share, reflecting equity compensation rather than an open‑market purchase.
After this transaction, Liljenquist directly holds 53,001 shares of Class A common stock and 7,945 derivative securities in the form of RSUs. The RSUs were granted under Angel Studios’ 2025 Long-Term Incentive Plan and are scheduled to vest in substantially equal quarterly installments over one year beginning October 23, 2025, with each vested RSU automatically converting into one share of common stock.
Angel Studios director Crane Benton Deloss reported equity changes involving Class A and Class B shares and restricted stock units. On November 26, 2025, he converted 200,000 shares of Class B Common Stock into 200,000 shares of Class A Common Stock. Following this conversion, he held 367,202 shares of Class B Common Stock and 200,000 shares of Class A Common Stock directly.
On January 23, 2026, 2,648 restricted stock units granted under Angel Studios' 2025 Long-Term Incentive Plan vested and were converted on a one-for-one basis into 2,648 shares of Class A Common Stock at no exercise price. After this RSU conversion, he directly owned 202,648 shares of Class A Common Stock and 7,945 remaining restricted stock units tied to Class A shares, which vest in substantially equal quarterly increments over a one-year period beginning October 23, 2025.
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.