Angel Studios, Inc. director Benton Deloss Crane filed a Form 4 on October 27, 2026, reporting the vesting and conversion of 2,649 restricted stock units into Class A Common Stock on October 26, 2026.

Key Highlights

  • Reporting person: Benton Deloss Crane, listed as a Director of Angel Studios, Inc. (NYSE:ANGX)
  • Transaction: 2,649 Class A Common Stock RSUs converted (transaction code M) into shares on October 26, 2026
  • Post-transaction ownership: Crane directly holds 210,593 shares of Class A Common Stock following the transaction
  • RSU plan: RSUs were awarded under the issuer's 2025 Long-Term Incentive Plan, effective October 23, 2025
  • Vesting schedule: RSUs vest in substantially equal quarterly increments over a one-year period beginning October 23, 2025
  • Conversion ratio: Each vested RSU converts into one share of Class A Common Stock on a one-for-one basis
  • Derivative balance: Following the transaction, Crane holds 0 RSUs of this award directly

Crane's RSU Conversion Details at Angel Studios

According to the Form 4 filed with the SEC on October 27, 2026, Benton Deloss Crane, a director of Angel Studios, Inc. (NYSE:ANGX), reported the vesting and automatic conversion of 2,649 restricted stock units into shares of Class A Common Stock, par value $0.0001 per share, on October 26, 2026. The transaction was recorded under transaction code M, indicating the conversion of a derivative security into underlying shares.

The filing discloses that the RSUs were awarded under the issuer's 2025 Long-Term Incentive Plan. According to the filing's explanation of responses, the RSUs "were effective on October 23, 2025, with such RSUs vesting in substantially equal quarterly increments, over a one-year period beginning October 23, 2025." The filing further states that "upon each vesting date, each vested RSU shall automatically convert into one share of common stock," and that RSUs "convert into Class A Common Stock on a one-for-one basis." No price is listed for the RSU conversion in the filing.

Following the reported transaction, the filing states that Crane directly and beneficially owns 210,593 shares of Class A Common Stock, and that the derivative RSU position for this particular award stands at 0 shares. The Form 4 was signed by Patrick J. Reilly as attorney-in-fact on October 27, 2026, and was filed as a report by one reporting person.

What Was Disclosed

Angel Studios director Benton Deloss Crane disclosed the October 26, 2026 vesting and conversion of 2,649 RSUs into Class A Common Stock under the company's 2025 Long-Term Incentive Plan, bringing his directly held share total to 210,593.