Director Steven I. Sarowitz of Angel Studios, Inc. (NYSE:ANGX) filed a statement of changes in beneficial ownership on October 27, 2026, reporting a restricted stock unit conversion dated October 26, 2026.

Key Highlights

  • Reporting person: Steven I. Sarowitz, listed as a Director of Angel Studios, Inc.
  • Transaction: 2,649 Class A Common Stock Restricted Stock Units converted into 2,649 shares of Class A Common Stock (par value $0.0001 per share) on October 26, 2026, via transaction code M.
  • RSU plan: The RSUs were awarded under the issuer's 2025 Long-Term Incentive Plan, effective October 23, 2025, vesting in substantially equal quarterly increments over a one-year period beginning October 23, 2025.
  • Post-transaction ownership: Following the conversion, Sarowitz directly holds 1,332,137 shares of Class A Common Stock, according to the filing.
  • Remaining derivative securities: After the reported transaction, Sarowitz holds 0 Class A Common Stock RSUs, according to the filing.

Director Sarowitz's RSU Vesting and Share Conversion at Angel Studios

According to the filing, Sarowitz's RSUs were granted under Angel Studios' 2025 Long-Term Incentive Plan, with an effective date of October 23, 2025. The units were structured to vest "in substantially equal quarterly increments, over a one-year period beginning October 23, 2025," and the filing states that "upon each vesting date, each vested RSU shall automatically convert into one share of common stock."

The filing notes that the RSUs convert into Class A Common Stock on a one-for-one basis. The October 26, 2026 transaction reflects the acquisition of 2,649 shares of Class A Common Stock (par value $0.0001 per share) through transaction code M, representing the conversion of the remaining RSU balance. Angel Studios, Inc. is listed on the NYSE under the ticker ANGX and operates as an entertainment company focused on audience-funded content distribution.

The conversion brings the total number of Class A Common Stock RSUs held by Sarowitz to zero, with direct beneficial ownership of Class A Common Stock reported at 1,332,137 shares following the transaction. The filing was signed by Steve Sarowitz and submitted to the SEC on October 27, 2026, one day after the transaction date.

What Was Disclosed

The filing reported a single transaction in which Director Steven I. Sarowitz converted 2,649 RSUs into 2,649 shares of Class A Common Stock on October 26, 2026 under Angel Studios' 2025 Long-Term Incentive Plan, leaving him with direct ownership of 1,332,137 shares.