Harmon Neal 4

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).