Angel Studios (ANGX) Director Crane Benton Deloss Converts 2,648 Shares

What Happened

• Crane Benton Deloss, a director of Angel Studios, converted 2,648 restricted stock units (RSUs) into 2,648 shares (transaction code M) on 2026-07-23 and a simultaneous disposition of 2,648 shares is also reported. The filing shows no price or cash value for these transactions (price = N/A).

Key Details

• Transaction date: 2026-07-23; Form 4 filed: 2026-07-24 (timely filing).
• Acquired: 2,648 shares via conversion of RSUs (code M); Disposed: 2,648 shares (reported as derivative disposition); no per-share or total dollar amounts disclosed.
• Shares owned after transaction: not specified in the filing.
• Relevant footnotes:
  • F1: RSUs convert into Class A Common Stock on a one-for-one basis.
  • F2: RSUs were granted under the 2025 Long-Term Incentive Plan (effective Oct 23, 2025) and vest in substantially equal quarterly increments over one year; upon each vesting date, vested RSUs automatically convert into common stock.
• Filing does not state the reason for the disposition (e.g., sale, tax withholding, or transfer) or proceeds.

Context

• This entry reflects RSU vesting and conversion rather than an open-market purchase or a voluntary sale by the insider. Simultaneous conversion-plus-disposition of vested RSUs is commonly used to satisfy tax withholding or to monetize shares immediately, but the filing here does not specify which (so no inference about insider sentiment should be drawn).