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Southport Acquisition Corp SEC Filings

PORTW OTC

Welcome to our dedicated page for Southport Acquisition SEC filings (Ticker: PORTW), 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 SEC filings page for PORTW, tied in recent disclosures to Angel Studios, Inc., provides access to the company’s regulatory reports as filed with the U.S. Securities and Exchange Commission. These filings, primarily on Form 8-K and 8-K/A, describe material agreements, executive compensation arrangements, acquisition announcements, and selected operational milestones.

Current reports on Form 8-K detail several key topics. Under Item 1.01, Angel Studios, Inc. reports an Equity Distribution Agreement that allows at-the-market sales of its Class A common stock pursuant to an effective shelf registration statement on Form S-3 and related prospectus materials. The filing outlines the aggregate offering capacity, the participation of multiple sales agents, commission terms, and references to the full agreement and legal opinion filed as exhibits.

Under Item 5.02, the company discloses Board-approved 2026 compensation arrangements for certain executive officers under a 2025 Long-Term Incentive Plan. These filings explain the structure of restricted stock units (RSUs) and performance-based restricted stock units (PSUs), including multi-year vesting schedules and share price performance conditions. Each RSU or PSU represents the right to receive one share of Class A common stock, subject to the plan and award agreements.

Item 7.01 (Regulation FD Disclosure) filings furnish press releases announcing the planned acquisition of three series—Tuttle Twins, Homestead, and The Wingfeather Saga—and reporting that the company surpassed two million paying Angel Guild members. An 8-K/A amendment clarifies the status of the acquisition transactions and corrects the description of purchase consideration.

On Stock Titan, these filings are updated from EDGAR and paired with AI-powered summaries that explain the purpose and key points of each report. Users can quickly see which items relate to capital raising, compensation, acquisitions, or milestones, and can review exhibits such as agreements, opinions, and press releases referenced in the filings.

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Angel Studios, Inc. director Steven I. Sarowitz reported the conversion of restricted stock units into Class A Common Stock. On January 26, 2026, 2,648 RSUs were converted on a one-for-one basis into 2,648 shares of Class A Common Stock at a price of $0.00 per share, all held directly.

The RSUs were granted under the company’s 2025 Long-Term Incentive Plan and became effective on October 23, 2025, vesting in substantially equal quarterly installments over one year. Following this transaction, Sarowitz directly holds 2,648 shares of Class A Common Stock and 7,945 RSUs, which will convert into additional shares as they vest.

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Angel Studios, Inc. director Paul Ahlstrom reported an RSU vesting that delivered 2,648 shares of Class A common stock. On January 23, 2026, 2,648 Restricted Stock Units were converted into 2,648 shares of Class A common stock at a price of $0.00 per share under a previously granted equity award.

The RSUs were granted under the company’s 2025 Long-Term Incentive Plan and became effective on October 23, 2025, vesting in substantially equal quarterly installments over one year. After this transaction, Ahlstrom directly held 2,163,682 shares of Class A common stock and 7,945 RSUs, with each RSU convertible into one share of common stock upon vesting.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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