Liljenquist Katie 4

What Happened

• Katie Liljenquist, a director of Angel Studios, had 2,648 restricted stock units (RSUs) vest on January 23, 2026. The filing shows those RSUs converted into 2,648 shares of Class A common stock. No purchase or sale price is reported (listed as N/A), so no dollar value is provided in the Form 4.
• The Form 4 records both an acquisition (conversion) and a disposition entry for a derivative instrument tied to the RSUs; footnotes clarify these were RSUs converting into common stock upon vesting rather than an open-market trade.

Key Details

• Transaction date: 2026-01-23; Form 4 filed: 2026-01-26.
• Shares involved: 2,648 RSUs converted into 2,648 shares. Price: N/A; total value: not disclosed.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 — RSUs convert into Class A common stock one-for-one. F2 — RSUs were granted under the 2025 Long-Term Incentive Plan, effective Oct 23, 2025, vesting in quarterly increments over one year; vested RSUs automatically convert to shares on each vesting date.
• Filing timeliness: Filed on the next business day after the transaction date (not indicated as late).

Context

• This is a vesting/conversion of compensation (an award) rather than an open-market purchase or sale. Such awards are common as part of director compensation and do not, by themselves, indicate buying or selling sentiment.
• The filing does not show an immediate sale of the resulting shares; if shares were sold later, that would appear in a separate filing.