Director Steven I. Sarowitz filed a Form 4 with the SEC on September 11, 2026, disclosing open-market purchases of Angel Studios, Inc. (NASDAQ:ANGX) Class A Common Stock on September 9 and September 10, 2026.

Key Highlights

  • First purchase: 132,639 shares of Class A Common Stock acquired on September 9, 2026, at a weighted average price of $4.9537 per share.
  • Second purchase: 355,998 shares acquired on September 10, 2026, at a weighted average price of $5.2791 per share.
  • Combined shares purchased: 488,637 shares across the two transactions.
  • Post-transaction ownership: Sarowitz directly beneficially owns 1,240,841 shares following the September 10 transaction.
  • Reporting person role: Sarowitz is identified as a Director of Angel Studios, Inc.
  • Weighted average prices: The September 9 purchases ranged from $4.7550 to $5.0350; the September 10 purchases ranged from $4.9000 to $5.4000, inclusive.

Sarowitz's Two-Day Purchase Activity in Angel Studios Class A Shares

According to the filing, Steven I. Sarowitz, a Director of Angel Studios, Inc., reported two open-market purchase transactions in the company's Class A Common Stock, par value $0.0001 per share. The transaction code for both purchases is "P," indicating open-market purchases. Both transactions reflect direct ownership by the reporting person.

On September 9, 2026, the filing discloses that Sarowitz acquired 132,639 shares at a weighted average price of $4.9537. The filing notes that these shares were purchased in multiple transactions at prices ranging from $4.7550 to $5.0350, inclusive. Following this transaction, his directly held beneficial ownership stood at 884,843 shares, according to the filing.

On September 10, 2026, Sarowitz acquired an additional 355,998 shares at a weighted average price of $5.2791. The filing states that these shares were purchased in multiple transactions at prices ranging from $4.9000 to $5.4000, inclusive. After this second transaction, his directly held beneficial ownership increased to 1,240,841 shares, as reported in the filing. The filing was signed by Steve Sarowitz on September 11, 2026. No derivative securities transactions were reported.

What Was Disclosed

The Form 4 filed September 11, 2026, discloses that Director Steven I. Sarowitz purchased a combined 488,637 shares of Angel Studios, Inc. Class A Common Stock on September 9 and 10, 2026, at weighted average prices of $4.9537 and $5.2791, respectively, bringing his direct beneficial ownership to 1,240,841 shares.