Nguyen Trang T 4

What Happened Nguyen Trang T, a director of Angel Studios, had 2,648 restricted stock units (RSUs) vest and convert into 2,648 shares of Class A common stock on April 23, 2026. The Form 4 shows an acquisition entry for 2,648 shares (conversion of the RSUs) and a matching disposition entry for the derivative instrument; no dollar prices or open-market sale of the underlying shares are reported.

Key Details

• Transaction date: April 23, 2026; Form 4 filed April 24, 2026 (timely).
• Transaction code: M (exercise or conversion of a derivative).
• Shares acquired via conversion: 2,648 Class A common shares.
• Disposition shown: 2,648 of the derivative instrument (the RSU) — reflects the RSU converting into stock, not a reported market sale of the shares.
• Price: N/A (no cash paid or sale price reported on the filing).
• Shares owned after transaction: not disclosed in the provided filing.
• Footnotes:
  • F1: RSUs convert into Class A Common Stock on a one-for-one basis.
  • F2: The RSUs were granted under the Issuer's 2025 Long-Term Incentive Plan, effective Oct 23, 2025, vesting quarterly over one year; vested RSUs automatically convert into one share each.

Context

• This was a vesting/conversion event (non-cash). It does not indicate an open-market purchase or sale of the underlying shares. Retail investors should view this as routine compensation vesting unless a separate sale of the resulting shares is reported later.