STOCK TITAN

Director at Angel Studios (ANGX) gains 2,648 Class A shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Angel Studios, Inc. director Trang T. Nguyen exercised restricted stock units, acquiring 2,648 shares of Class A common stock. After the transaction, Nguyen directly holds 5,296 common shares and 5,297 RSUs.

The RSUs were granted under the 2025 Long-Term Incentive Plan and vest in equal quarterly installments over one year beginning on October 23, 2025, converting into common stock on a one-for-one basis.

Positive

  • None.

Negative

  • None.
Insider Nguyen Trang T
Role null
Type Security Shares Price Value
Exercise Class A Common Stock Restricted Stock Units 2,648 $0.00 --
Exercise Class A Common Stock, par value $0.0001 per share 2,648 $0.00 --
Holdings After Transaction: Class A Common Stock Restricted Stock Units — 5,297 shares (Direct, null); Class A Common Stock, par value $0.0001 per share — 5,296 shares (Direct, null)
Footnotes (1)
  1. RSU's convert into Class A Common Stock on a one-for-one basis. 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.
Shares acquired via RSU exercise 2,648 shares RSUs converted to Class A common stock on April 23, 2026
Common shares held after transaction 5,296 shares Class A common stock directly owned by Nguyen after exercise
RSUs outstanding after transaction 5,297 RSUs Restricted stock units remaining under 2025 Long-Term Incentive Plan
RSU conversion ratio 1 RSU = 1 share Each restricted stock unit converts into one Class A common share
RSU vesting period One year Vesting in substantially equal quarterly increments beginning October 23, 2025
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.
Long-Term Incentive Plan financial
"RSUs are awarded under the Issuer's 2025 Long-Term Incentive Plan."
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
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.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
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*
Nguyen Trang T

(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)
04/23/2026
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 share04/23/2026M2,648A(1)5,296D
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)04/23/2026M2,648 (2) (2)Class A Common Stock, par value $0.0001 per share2,648(1)5,297D
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-Fact04/24/2026
** 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)

FAQ

What insider transaction did Angel Studios (ANGX) report for Trang T. Nguyen?

Angel Studios reported that director Trang T. Nguyen exercised restricted stock units, receiving 2,648 shares of Class A common stock. This was a derivative exercise, not an open-market buy or sell, and reflects equity compensation converting into stock rather than a cash transaction.

How many Angel Studios (ANGX) shares does Trang T. Nguyen hold after this Form 4?

Following the reported transaction, Trang T. Nguyen holds 5,296 shares of Angel Studios Class A common stock directly. Nguyen also holds 5,297 restricted stock units, which represent a right to receive additional shares as they vest under the company’s long-term incentive plan.

What are the key details of the RSUs reported for Angel Studios (ANGX)?

The restricted stock units convert into Class A common stock on a one-for-one basis. They were granted under Angel Studios’ 2025 Long-Term Incentive Plan, effective October 23, 2025, and vest in substantially equal quarterly increments over one year, with each vested RSU automatically becoming one share.

Was the Angel Studios (ANGX) Form 4 an open-market purchase or sale?

The Form 4 does not show any open-market purchases or sales. Instead, it reports a derivative exercise where restricted stock units were converted into 2,648 shares of Class A common stock, reflecting equity compensation activity rather than discretionary trading in the open market.

How do the Angel Studios (ANGX) RSUs vest for Trang T. Nguyen?

Nguyen’s restricted stock units under the 2025 Long-Term Incentive Plan vest in substantially equal quarterly increments over a one-year period beginning October 23, 2025. On each vesting date, the vested RSUs automatically convert into Class A common shares on a one-for-one basis without additional exercise price.