Director Katie Liljenquist of Angel Studios, Inc. (NASDAQ:ANGX) 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

  • Transaction date: October 26, 2026, with 2,649 restricted stock units (RSUs) converted into Class A Common Stock via transaction code M.
  • One-for-one conversion: According to the filing, RSUs convert into Class A Common Stock on a one-for-one basis.
  • RSU plan origin: The RSUs were awarded under the issuer's 2025 Long-Term Incentive Plan, effective October 23, 2025.
  • Vesting schedule: The RSUs vest in substantially equal quarterly increments over a one-year period beginning October 23, 2025.
  • Resulting ownership: Following the transaction, Liljenquist directly holds 60,946 shares of Class A Common Stock.
  • Derivative position: Following conversion, Liljenquist holds 0 remaining RSUs in Table II.

Angel Studios Director Liljenquist Reports RSU Conversion to Common Stock

According to the Form 4 filed with the U.S. Securities and Exchange Commission on October 27, 2026, Katie Liljenquist, a director of Angel Studios, Inc. (NASDAQ:ANGX), reported the vesting and automatic conversion of 2,649 Class A Common Stock restricted stock units into shares of Class A Common Stock, par value $0.0001 per share. The transaction was recorded under transaction code M, indicating the conversion of a derivative security, on October 26, 2026. No price was listed for the derivative security in the filing.

The filing discloses that the RSUs were granted under the issuer's 2025 Long-Term Incentive Plan and became effective on October 23, 2025. The RSUs were structured to vest "in substantially equal quarterly increments, over a one-year period beginning October 23, 2025," according to the filing's explanation of responses. Upon each vesting date, each vested RSU automatically converts into one share of common stock on a one-for-one basis, as stated in the filing.

Following the reported transaction, Liljenquist directly beneficially owns 60,946 shares of Class A Common Stock, as disclosed in Table I of the filing. The remaining RSU balance reported in Table II is 0, reflecting that the full 2,649-unit position was converted. The Form 4 was signed by Patrick J. Reilly as attorney-in-fact on October 27, 2026.

What Was Disclosed

Director Katie Liljenquist reported the conversion of 2,649 RSUs into Class A Common Stock of Angel Studios, Inc. on October 26, 2026, under the company's 2025 Long-Term Incentive Plan, leaving her with a direct beneficial ownership of 60,946 shares.