[Form 3] Southport Acquisition Corp Initial Statement of Beneficial Ownership
Nguyen Trang T, a director of Angel Studios, Inc. (ANGX), filed an initial Form 3 disclosing a direct stock option dated 09/10/2025 that is exercisable on 09/10/2034 for 294,275 shares of Class B Common Stock at an exercise price of $5.66 per share. The filing explains these options were fully vested previously as rights to purchase 55,000 shares of Angel Legacy, Inc. Class F Common Stock and converted into the current 294,275 Class B shares following the issuer's business combination. The Form 3 is signed by an attorney-in-fact on behalf of the reporting person.
Nguyen Trang T, una dirigente di Angel Studios, Inc. (ANGX), ha presentato un modulo iniziale Form 3 che rivela una opzione azionaria diretta datata 09/10/2025 ed esercizibile il 09/10/2034 per 294,275 azioni della Class B Common Stock ad un prezzo di esercizio di $5.66 per azione. Il deposito spiega che queste opzioni erano completamente vestite in precedenza come diritti per acquistare 55,000 azioni di Angel Legacy, Inc. Class F Common Stock e sono state convertite nelle attuali 294,275 azioni Class B dopo la fusione dell'emittente. Il Form 3 è firmato da un procuratore-in-fatto per conto della persona che segnala.
Nguyen Trang T, una directiva de Angel Studios, Inc. (ANGX), presentó un Form 3 inicial que divulga una opción de compra de acciones directa con fecha 10/09/2025; que puede ejercerse el 10/09/2034 por 294,275 acciones de Class B Common Stock a un precio de ejercicio de $5.66 por acción. La declaración explica que estas opciones estaban totalmente adquiridas previamente como derechos para comprar 55,000 acciones de Angel Legacy, Inc. Class F Common Stock y se convirtieron en las actuales 294,275 acciones Class B tras la operación de negocio de la empresa. El Form 3 está firmado por un apoderado en nombre de la persona reportante.
Nguyen Trang T, Angel Studios, Inc. (ANGX)의 이사로서 09/10/2025로 날짜가 된 직접 주식 옵션을 09/10/2034에 행사할 수 있도록 하는 초기 Form 3를 제출했으며, 행사 가격은 주당 $5.66이고 294,275주의 Class B Common Stock에 해당합니다. 이 옵션은 이전에 55,000주를 매입할 권리로 완전히 vest 되어 있었고 Angel Legacy, Inc. Class F Common Stock으로부터, 발행인의 비즈니스 결합 후 현재의 294,275주의 Class B 주식으로 전환되었다고 설명합니다. Form 3는 보고당사자를 대신하여 위임인에 의해 서명되었습니다.
Nguyen Trang T, directrice de Angel Studios, Inc. (ANGX), a déposé un Formulaire 3 initial révélant une option d'achat d'actions directe datée du 10/09/2025 et exercible le 10/09/2034 pour 294,275 actions de Class B Common Stock à un prix d'exercice de $5,66 par action. Le dépôt explique que ces options étaient entièrement acquises auparavant en tant que droits d'acheter 55 000 actions de Angel Legacy, Inc. Class F Common Stock et ont été converties en les actuelles 294,275 actions Class B après la fusion des activités de l'émetteur. Le Formulaire 3 est signé par un mandataire au nom de la personne déclarante.
Nguyen Trang T, eine Direktorin von Angel Studios, Inc. (ANGX), hat ein erstes Form 3 eingereicht, das eine direkte Aktienoption datiert auf den 09/10/2025 offenlegt, die am 09/10/2034 ausübbar ist, für 294,275 Aktien der Class B Common Stock zu einem Ausübungspreis von 5,66 $ pro Aktie. Die Einreichung erklärt, dass diese Optionen zuvor vollständig erworben waren als Rechte zum Kauf von 55.000 Aktien der Angel Legacy, Inc. Class F Common Stock und nach der Transaktion des Emittenten in die derzeitigen 294,275 Aktien Class B Aktien umgewandelt wurden. Das Form 3 ist von einem Bevollmächtigten im Auftrag der meldenden Person unterzeichnet.
Nguyen Trang T، مديرة في Angel Studios, Inc. (ANGX)، قد قدمت نموذج Form 3 ابتدائي يكشف عن خيار أسهم مباشر مباشر بتاريخ 09/10/2025 وقابل للتنفيذ في 09/10/2034 لــ 294,275 سهماً من Class B Common Stock بسعر ممارسة قدره $5.66 للسهم الواحد. يوضح الملف أن هذه الخيارات كانت مكتملة التحصيل سابقاً كحقوق لشراء 55,000 سهم من Angel Legacy, Inc. Class F Common Stock وتم تحويلها إلى الـ 294,275 سهماً Class B الحاليين بعد دمج نشاط الجهة المصدرة. ووقع Form 3 من قبل وكيل مخول نيابة عن الشخص المبلّغ.
Nguyen Trang T，Angel Studios, Inc.（ANGX）的董事，提交了初始的 Form 3，披露一项直接股票期权，日期为 2025-09-10，可在 2034-09-10 行使，涉及 294,275 股的 Class B Common Stock，行权价格为每股 $5.66。文件解释说，这些期权在此前已作为购买 Angel Legacy, Inc. Class F Common Stock 的权利而完全归属，并在发行人完成业务合并后转换为当前的 294,275 股 Class B 股票。Form 3 由报告人代理律师签署。
- Disclosure of beneficial ownership for a director is timely and complete with exercise price and share count
- Conversion detail provided explains how prior vested options (55,000 Class F) became 294,275 Class B shares, aiding transparency
- None.
Insights
TL;DR: Director disclosed a converted, fully vested option for 294,275 Class B shares exercisable in 2034 at $5.66.
The filing is a routine Section 16 initial disclosure showing beneficial ownership via a direct stock option that converted following a business combination. The conversion detail clarifies historical vesting and the new share count, which is important for accurately tracking insider holdings and potential future dilution if exercised. No grants, cancellations, or exercise events are reported beyond the conversion; the option remains exercisable in 2034 under the stated price.
TL;DR: This is a standard disclosure of a converted, vested option; exercise price and long-dated exercisability are notable.
The report documents a long-term, vested equity position with a fixed exercise price of $5.66 and a far-future exercisability date, which may reflect post-business-combination equity conversion mechanics rather than a new compensation grant. For stakeholders monitoring insider incentives and potential share issuance, the clear statement of conversion from 55,000 Class F to 294,275 Class B shares helps reconcile cap table changes tied to the transaction. No immediate liquidity or exercise activity is indicated.
Nguyen Trang T, una dirigente di Angel Studios, Inc. (ANGX), ha presentato un modulo iniziale Form 3 che rivela una opzione azionaria diretta datata 09/10/2025 ed esercizibile il 09/10/2034 per 294,275 azioni della Class B Common Stock ad un prezzo di esercizio di $5.66 per azione. Il deposito spiega che queste opzioni erano completamente vestite in precedenza come diritti per acquistare 55,000 azioni di Angel Legacy, Inc. Class F Common Stock e sono state convertite nelle attuali 294,275 azioni Class B dopo la fusione dell'emittente. Il Form 3 è firmato da un procuratore-in-fatto per conto della persona che segnala.
Nguyen Trang T, una directiva de Angel Studios, Inc. (ANGX), presentó un Form 3 inicial que divulga una opción de compra de acciones directa con fecha 10/09/2025; que puede ejercerse el 10/09/2034 por 294,275 acciones de Class B Common Stock a un precio de ejercicio de $5.66 por acción. La declaración explica que estas opciones estaban totalmente adquiridas previamente como derechos para comprar 55,000 acciones de Angel Legacy, Inc. Class F Common Stock y se convirtieron en las actuales 294,275 acciones Class B tras la operación de negocio de la empresa. El Form 3 está firmado por un apoderado en nombre de la persona reportante.
Nguyen Trang T, Angel Studios, Inc. (ANGX)의 이사로서 09/10/2025로 날짜가 된 직접 주식 옵션을 09/10/2034에 행사할 수 있도록 하는 초기 Form 3를 제출했으며, 행사 가격은 주당 $5.66이고 294,275주의 Class B Common Stock에 해당합니다. 이 옵션은 이전에 55,000주를 매입할 권리로 완전히 vest 되어 있었고 Angel Legacy, Inc. Class F Common Stock으로부터, 발행인의 비즈니스 결합 후 현재의 294,275주의 Class B 주식으로 전환되었다고 설명합니다. Form 3는 보고당사자를 대신하여 위임인에 의해 서명되었습니다.
Nguyen Trang T, directrice de Angel Studios, Inc. (ANGX), a déposé un Formulaire 3 initial révélant une option d'achat d'actions directe datée du 10/09/2025 et exercible le 10/09/2034 pour 294,275 actions de Class B Common Stock à un prix d'exercice de $5,66 par action. Le dépôt explique que ces options étaient entièrement acquises auparavant en tant que droits d'acheter 55 000 actions de Angel Legacy, Inc. Class F Common Stock et ont été converties en les actuelles 294,275 actions Class B après la fusion des activités de l'émetteur. Le Formulaire 3 est signé par un mandataire au nom de la personne déclarante.
Nguyen Trang T, eine Direktorin von Angel Studios, Inc. (ANGX), hat ein erstes Form 3 eingereicht, das eine direkte Aktienoption datiert auf den 09/10/2025 offenlegt, die am 09/10/2034 ausübbar ist, für 294,275 Aktien der Class B Common Stock zu einem Ausübungspreis von 5,66 $ pro Aktie. Die Einreichung erklärt, dass diese Optionen zuvor vollständig erworben waren als Rechte zum Kauf von 55.000 Aktien der Angel Legacy, Inc. Class F Common Stock und nach der Transaktion des Emittenten in die derzeitigen 294,275 Aktien Class B Aktien umgewandelt wurden. Das Form 3 ist von einem Bevollmächtigten im Auftrag der meldenden Person unterzeichnet.
FAQ
What did Nguyen Trang T disclose on Form 3 for Angel Studios (ANGX)?
When is the option exercisable and what is the exercise price?
Was the reported option vested before conversion?
Does the Form 3 report any exercised or sold shares by the reporting person?
Who signed the Form 3 and when was it signed?
