Sarowitz Steven I 4

4 · Angel Studios, Inc. · Filed Jan 28, 2026

AI-generated summary of this filing

Updated Jan 29, 2026

Angel Studios (ANGX) Director Steven Sarowitz Receives RSU Shares

What Happened

Steven I. Sarowitz, a director of Angel Studios, reported the conversion/settlement of 2,648 restricted stock units (RSUs) into 2,648 shares of Class A common stock on January 26, 2026 (transaction code M). No cash purchase price or open‑market sale is reported (price: N/A).
The filing shows both an “acquired” entry (conversion into shares) and a corresponding “disposed” entry for a derivative instrument; per the footnotes, this reflects the automatic conversion/settlement of RSUs under the company plan rather than an outright sale.

Key Details

Transaction date: 2026-01-26; Form 4 filed: 2026-01-28 (filed within the typical 2‑business‑day window).
Reported shares converted/acquired: 2,648 shares; reported derivative disposition: 2,648 (price: N/A).
Shares owned after transaction: not specified in the provided filing.
Footnotes: F1 — RSUs convert one-for-one into Class A common stock. F2 — RSUs were granted under the 2025 Long‑Term Incentive Plan, effective Oct 23, 2025, vesting in substantially equal quarterly increments over one year; vested RSUs automatically convert to common stock on each vesting date.
Transaction code: M (exercise or conversion of a derivative/security).

Context

This is a routine vesting/conversion of compensation RSUs, not an open‑market purchase or a sale that signals a trading decision. For retail investors, such conversions increase the insider's reported share count but do not by themselves indicate a bullish or bearish view.

Form 4

Period: 2026-01-26

Director

Transactions

Exercise/Conversion
Class A Common Stock, par value $0.0001 per share
[F1]
2026-01-26+2,648→ 2,648 total
Exercise/Conversion
Class A Common Stock Restricted Stock Units
[F2][F1]
2026-01-26−2,648→ 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.

Signature

/s/ Steve Sarowitz|2026-01-28

1 file