Ellis Elizabeth 4
4 · Angel Studios, Inc. · Filed Nov 20, 2025
Insider Transaction Report
Form 4
Ellis Elizabeth
Chief Operating Officer
Transactions
- Award
Performance Stock Units
2025-11-18+70,695→ 70,695 totalExp: 2035-11-18→ Common Stock (70,695 underlying) - Award
Restricted Stock Units
2025-11-18+245,916→ 245,916 total→ Common Stock (245,916 underlying)
Footnotes (2)
- [F1]Performance Stock Units ("PSUs") are awarded under the Issuer's 2025 Long-Term Incentive Plan. These awards are considered "Full Value Awards" for purposes of the Company's 2025 Long-Term Incentive Plan. The PSUs were effective on November 18, 2025 and will vest in 10 tranches, equally divided, with each tranche becoming vested based on a series of increasing stock price milestones.
- [F2]Restricted Stock Units ("RSUs") are awarded under the Issuer's 2025 Long-Term Incentive Plan. The RSUs were effective on November 18, 2025, with such RSUs vesting one-third at the close of business on November 18, 2026, and the remaining two-thirds vesting in eight quarterly installments following such anniversary with settlement of such RSUs occurring on the second trading day following the Company's public release of quarterly earnings during the applicable quarter.