Ahlstrom Paul 4
4 · Angel Studios, Inc. · Filed Jan 26, 2026
Research Summary
AI-generated summary of this filing
Angel Studios Director Paul Ahlstrom Converts RSUs to 2,648 Shares
What Happened
Paul Ahlstrom, a director of Angel Studios, reported the conversion/vesting of 2,648 restricted stock units (RSUs) into 2,648 shares of Class A common stock on January 23, 2026 (transaction code M — exercise/conversion of a derivative). The filing shows an acquisition of 2,648 shares and a simultaneous disposition of 2,648 shares (both listed as derivative). No per‑share price or dollar value is reported in the filing.
Key Details
- Transaction date: 2026-01-23; Form 4 filed 2026-01-26 (appears timely).
- Acquired: 2,648 shares via conversion of RSUs (code M).
- Disposed: 2,648 shares (reported as derivative).
- Price: N/A (not disclosed).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: F1 — RSUs convert one-for-one to Class A common stock. F2 — RSUs awarded under the 2025 Long‑Term Incentive Plan, effective Oct 23, 2025, vesting in equal quarterly increments over one year; vested RSUs automatically convert into shares upon each vesting date.
Context
This appears to be routine RSU vesting and conversion under the company LTIP. It is common for a matching disposal entry to reflect shares withheld or otherwise transferred at vesting (e.g., for tax withholding or administrative settlement); the filing lists the disposition as a derivative but does not state the reason. Such inward conversions and routine withholdings are not the same signal as an open‑market purchase or sale by the insider.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock, par value $0.0001 per share
[F1]2026-01-23+2,648→ 2,163,682 total - Exercise/Conversion
Class A Common Stock Restricted Stock Units
[F2][F1]2026-01-23−2,648→ 7,945 total→ Class A Common Stock, par value $0.0001 per share (2,648 underlying)
Footnotes (2)
- [F1]RSU's convert into Class A Common Stock on a one-for-one basis.
- [F2]Restricted Stock Units ("RSUs") are awarded under the Issuer's 2025 Long-Term Incentive Plan. The RSUs were effective on October 23, 2025, with such RSUs vesting in substantially equal quarterly increments, over a one-year period beginning October 23, 2025. Upon each vesting date, each vested RSU shall automatically convert into one share of common stock.