Harmon Neal 4
4 · Angel Studios, Inc. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
Angel Studios (ANGX) CEO Neal Harmon Gifts 8.35M Class B Shares
What Happened
Neal Harmon, CEO of Angel Studios, reported bona fide gifts on June 29, 2026. The Form 4 shows dispositions of 5,073,000 and 3,277,536 Class B shares (transaction code G), and a corresponding reported acquisition entry of 3,277,536 shares. No price or cash value is reported (N/A) in the filing; these were transfers by gift, not open-market sales or purchases.
Key Details
- Transaction date: 2026-06-29; Form 4 filed 2026-07-01 (appears timely).
- Reported transfers: 5,073,000 shares (gift) and 3,277,536 shares (gift); an additional entry shows 3,277,536 shares as acquired (see footnotes).
- Price / value: N/A (gifts; no consideration received).
- Footnote F1: 5,073,000 Class B shares gifted to an irrevocable Delaware noncharitable purpose trust to preserve voting power; trust has no beneficiaries and Harmon disclaims beneficial/pecuniary interest.
- Footnote F2: 3,277,536 Class B shares gifted to irrevocable trusts for family members for estate planning; Harmon does not serve as trustee and disclaims beneficial ownership except for any limited pecuniary interest under Rule 16a‑1(a)(2) due to trustees who are immediate family.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
Context
Gifts (code G) are estate-planning or governance actions and do not necessarily signal insider sentiment about the company’s outlook. The filing disclaims beneficial ownership for the gifted shares, though footnote F2 notes a possible limited pecuniary interest under Rule 16a‑1(a)(2).
Insider Transaction Report
- Gift
Class B Common Stock, par value $0.0001 per share
[F1]2026-06-29−5,073,000→ 16,959,683 total - Gift
Class B Common Stock, par value $0.0001 per share
[F2]2026-06-29−3,277,536→ 13,682,147 total - Gift
Class B Common Stock, par value $0.0001 per share
[F2]2026-06-29+3,277,536→ 3,277,536 total(indirect: By Trust)
Footnotes (2)
- [F1]This transaction represents a bona fide gift of 5,073,000 shares of Class B Common Stock to an irrevocable Delaware noncharitable purpose trust. The purpose of the transfer is to preserve the voting power associated with the Class B Common Stock within the trust structure on a permanent basis. The trust has no named beneficiaries and the shares are not intended for distribution to any individual, including the reporting person's family members. The reporting person received no consideration for this transfer and disclaims all beneficial and pecuniary interest in the shares.
- [F2]This transaction represents a bona fide gift of 3,277,536 shares of Class B Common Stock to irrevocable trusts established for the benefit of the reporting person's family members for estate planning purposes. The reporting person does not serve as trustee of the trusts and does not receive any financial benefit from the shares held therein. The reporting person disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest he may be deemed to have under Rule 16a-1(a)(2) as a result of certain of the trustees being immediate family members who share his household.