Angel Studios (ANGX) Director Katie Liljenquist Receives 2,648 RSU Shares

What Happened
Katie Liljenquist, a director of Angel Studios, had 2,648 restricted stock units (RSUs) vest on July 23, 2026; those RSUs automatically converted into 2,648 shares of Class A common stock. No cash purchase or open-market sale was reported—the filing shows the derivative (the RSU) converted into common shares. No per-share price or total dollar value is reported for this conversion.

Key Details

• Transaction date: July 23, 2026; Form 4 filed July 24, 2026 (timely filing).
• Reported transactions: acquisition of 2,648 shares via conversion of a derivative (code M) and corresponding disposition of the derivative instrument. Price: N/A.
• Shares owned after transaction: not disclosed in the provided summary.
• Footnotes: RSUs convert into Class A common stock on a one-for-one basis. The RSUs were granted under the issuer’s 2025 Long-Term Incentive Plan (effective Oct 23, 2025) and vest in substantially equal quarterly increments over one year; vested RSUs automatically convert to shares.
• No 10b5-1 plan, tax-withholding sale, or cashless exercise is indicated in the filing.

Context
This was a routine vesting/conversion of RSUs to common stock (an award turning into shares), not an open-market buy or sale. Such vesting events are common compensation occurrences for executives and directors and do not by themselves indicate a deliberate market purchase or sale.