VidAngel Form 5 Angel Studios / Dalton Wright ownership change

SEC Form 5

FORM 5

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Form 3 Holdings Reported.

Form 4 Transactions Reported.

1. Name and Address of Reporting Person^*

Wright Dalton

(Last) (First) (Middle)

295 W. CENTER ST.

(Street)

PROVO UT 84801

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Angel Studios, Inc. [ NONE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
				Amount	(A) or (D)	Price
Class A Common Stock, par value $0.001 per share							1,356,303(1)	I	See Footnote(1)
Class A Common Stock, par value $0.001 per share							224,719(2)	I	See Footnote(2)
Class A Common Stock, par value $0.001 per share	09/30/2024		J(3)	1	A	(3)	1(3)	I	See Footnote(3)
Class B Common Stock, par value $0.001 per share							8,333(4)	I	See Footnote(4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)	5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
					(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	$11.95(5)						(5)	12/02/2032	Class F Common Stock	908		0(5)	I	See Footnote(5)
Stock Option	$11.95(6)						(6)	12/02/2032	Class F Common Stock	3,295		0(6)	I	See Footnote(6)

Explanation of Responses:

1. Mr. Wright owns an indirect pecuniary interest in these shares of Class A Common Stock by virtue of his indirect interest in their owner, Kickstart Seed Fund II, LP.

2. Mr. Wright owns an indirect pecuniary interest in these shares of Class A Common Stock by virtue of his indirect interest in their owner, Kickstart Seed Fund V, LP.

3. Mr. Wright, by virtue of his indirect interest in their owner, Kickstart Seed Fund II, LP., had 1 share of Class B Common Stock converted to 1 share of Class A Common Stock, pursuant to the auto-conversion feature detailed in the Articles of Incorporation of Angel Studios, Inc., as amended. This transaction was recorded on September 30, 2024.

4. Mr. Wright owns an indirect pecuniary interest in these shares of Class B Common Stock by virtue of his indirect interest in their owner, Kickstart Seed Fund II, LP.

5. Represent fully-vested stock options exercisable for shares of Class F Common Stock in which Mr. Wright owns an indirect pecuniary interest by virtue of his indirect interest in their owner, Kickstart Seed Fund II, LP.

6. Represent fully-vested stock options exercisable for shares of Class F Common Stock in which Mr. Wright owns an indirect pecuniary interest by virtue of his indirect interest in their owner, Kickstart Seed Fund V, LP.

Remarks:

The reporting person has resigned as a director of Angel Studios, Inc. effective October 3, 2024. As a result, the reporting person is no longer subject to Section 16 in connection with his transactions in equity securities of Angel Studios, Inc. and therefore will no longer report any such transactions on Form 4 or Form 5.

	/s/ Patrick J. Reilly, Attorney-in-Fact	02/14/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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