Oskoui Stephen D. 4
4 · Angel Studios, Inc. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Angel Studios (ANGX) 10% Owner Stephen Oskoui Converts Shares
What Happened
Stephen D. Oskoui, reported as a 10% owner of Angel Studios (ANGX), converted derivative securities on March 6, 2026. The Form 4 shows an acquisition of 57,770 shares of Class A common stock and a corresponding disposition of 57,770 shares of Class B common stock, both recorded as conversion events at $0.00 per share—i.e., a straight conversion, not a cash sale or purchase.
Key Details
- Transaction date: 2026-03-06 (filed on 2026-03-09; Form 4 appears timely).
- Action: Conversion of derivative securities (code C) — acquired 57,770 Class A shares and disposed 57,770 Class B shares; price reported $0.00.
- Shares owned after transaction: Not disclosed in this filing.
- Footnotes of note:
- F1: Each Class B share was convertible at any time into one Class A share (one-for-one, no expiration).
- F2: The reported Class A shares are held directly by Gigafund 1, LP; Oskoui (with Luke Nosek) controls voting/investment decisions for Gigafund 1 and may be deemed to beneficially own those shares but disclaims ownership except for pecuniary interest.
Context
This was a non‑cash conversion of Class B into Class A common stock (typical corporate conversion right), not an open‑market buy or sale. For retail investors, conversions like this are administrative and do not by themselves signal a buying or selling intent by the insider. Also note the reporting person is a 10% owner with holdings tied to an investment vehicle (Gigafund 1, LP), which is different from routine executive trading.
Insider Transaction Report
- Conversion
Class A Common Stock
[F1]2026-03-06+57,770→ 111,274 total - Conversion
Class B Common Stock
[F1]2026-03-06−57,770→ 0 total→ Class A Common Stock (57,770 underlying)
- 19,459,882(indirect: See footnote)
Class A Common Stock
[F2]
Footnotes (2)
- [F1]Each share of Class B Common Stock was convertible at any time into one share of Class A Common Stock. The Class B Common Stock had no expiration date.
- [F2]These shares of Class A Common Stock are directly held by Gigafund 1, LP. Gigafund 1 GP, LP is the general partner of Gigafund 1, LP. The Reporting Person and Luke Nosek control all voting and investments decisions with respect to securities held by Gigafund 1, LP and Gigafund 1 GP, LP. The Reporting Person may be deemed to beneficially own the Class A Common Stock directly held by Gigafund 1, LP and disclaims beneficial ownership of the securities, except to the extent of his pecuniary interest therein. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities.