United States · SEC Form 4 · Snapshot date: 2026-10-19 · Built: 2026-10-19 · 中文

US · SEC FORM 4

Angel Studios, Inc.

ANGX · NYSE · CIK 0001865200 · Communication Services · Entertainment

INSIDER SIGNAL

71.7 / 100

3 buyers · 12 purchase transaction lines · $6.8M gross purchase

WHY THIS SIGNAL?

Buyer breadthModerate

Purchase sizeStrong

RoleModerate

RecencyModerate

ConvictionStrong

Score anatomy

Each bar shows the contribution to the current score; the weights and formula stay unchanged.

Cluster+21.0 / 35

Purchase size+22.4 / 25

Role+13.0 / 20

Recency+5.3 / 10

Conviction+10.0 / 10

What is holding the score back?

⚠ Cluster breadth is moderate · 3 insider(s), not 4+
⚠ Role scores low · most senior buyer: Chief Executive Officer (CEO, chair and 10% owners score lowest)

Purchase-size comments are relative to the model scale. Average daily volume is a separate market-context diagnostic.

US-v1.2 ranks qualifying equity purchases under the current 180-day rules. The score is a research priority, not a return forecast or probability. Backtests have not shown that a higher US score is followed by better returns.

Purchase breadth & concentration

QUALIFYING BUYERS3

PURCHASE CONCENTRATION82%Largest buyer: Sarowitz Steven I · $5.6M

CLUSTER BUYING · 15D3 insidersPeak activity: 2026-08-12–2026-08-14

Roles in the peak window: Chief Content Officer, Chief Executive Officer, Director. Concentration uses priced qualifying P lines only and does not change the saved score.

Insider activity timeline

Owner lanes show the latest 180 days. Symbol shape identifies the transaction type; sales remain context only.

AprMayJunJulAugSepOct

Sarowitz Steven IDirector

○●○●●●●●●●

Harmon NealChief Executive Officer

○●●

Harmon JeffreyChief Content Officer

○●●

GAY ROBERT CDirector

○○

Liljenquist KatieDirector

○○

Crane Benton DelossDirector

○○

● Purchase▼ Sale○ Other

Showing the six most active owners; 3 additional owner(s) remain in Form 4 evidence.

SIGNAL HISTORY

71.7 / 100

Latest recorded score

↓ -0.1 ptsversus the previous recorded snapshot

Oct 1472.2
Oct 1572.1
Oct 1672.0
Oct 1871.8
Oct 1971.7

Only scores saved when a full US scoring run completed are shown; gaps are not reconstructed.

Recent Form 4 activity

12Purchases

0Sales

28Other Form 4 lines

31SEC filings · 365 days

BUYING12 qualifying P line(s) · 180 days

SELLING0 sale line(s) · context only

OTHER15 exercise / withholding / award / gift / other lines

10b5-1 / PLANNEDNot assessed

P is an open-market or private purchase. S is a sale. M, F, A and G usually describe exercises, tax withholding, awards and gifts. These categories remain visually separate.

Market context

Market context provides additional background on recent price performance and risk. It does not affect the Insider Signal.

Price performance

1M: -26.0%
3M: -1.7%
6M: +82.6%
12M: -42.2%

Volatility & liquidity

Volatility: 112.0%
Beta: -0.00
Avg daily value: USD 6.6M

Valuation

Market cap: USD 762.0M
P/E: —

Fundamentals

Profit margin: -53.0%
ROE: —
Industry: Entertainment

Market data

Price data up to: 2026-10-11 · Price source: OpenBB/yfinance · From SEC filings: Profit margin · Fiscal year ended: 2025-12-31 · From Yahoo Finance: Market cap · Status: PASS

Short interest

Short interest is external context reported to FINRA by broker-dealers. It does not affect the Insider Signal.

Shares short: 6,645,494
Previous report: 5,789,033
Avg daily volume: 2,267,598
Days to cover: 2.9

FINRA settlement date: 2026-09-30 · Captured 2026-10-12 · FINRA equity short interest ↗. A share count, published about a week after each of two settlement dates a month; not a percentage of shares outstanding.

Historical equity purchases

Qualifying code P transactions in the local Form 4 history, including purchases outside the current signal window.

Transaction date	Reporting owner	Type	Security	Shares	Avg. price	Approx. value	Source
2026-09-11	Sarowitz Steven I	Purchase (P)	Class A Common Stock, par value $0.0001 per share	88,647	USD 5.33	USD 472,489	SEC filing ↗
2026-09-10	Sarowitz Steven I	Purchase (P)	Class A Common Stock, par value $0.0001 per share	355,998	USD 5.28	USD 1,879,669	SEC filing ↗
2026-09-09	Sarowitz Steven I	Purchase (P)	Class A Common Stock, par value $0.0001 per share	132,639	USD 4.95	USD 656,563	SEC filing ↗
2026-09-01	Sarowitz Steven I	Purchase (P)	Class A Common Stock, par value $0.0001 per share	10,979	USD 4.27	USD 46,880	SEC filing ↗
2026-08-14	Sarowitz Steven I	Purchase (P)	Class A Common Stock, par value $0.0001 per share	57,922	USD 4.26	USD 246,748	SEC filing ↗
2026-08-14	Harmon Neal	Purchase (P)	Class A Common Stock, par value $0.0001 per share	29,193	USD 4.28	USD 124,946	SEC filing ↗
2026-08-14	Harmon Jeffrey	Purchase (P)	Class A Common Stock, par value $0.0001 per share	51,380	USD 4.26	USD 218,879	SEC filing ↗
2026-08-13	Harmon Jeffrey	Purchase (P)	Class A Common Stock, par value $0.0001 per share	178,700	USD 4.08	USD 729,096	SEC filing ↗
2026-08-13	Sarowitz Steven I	Purchase (P)	Class A Common Stock, par value $0.0001 per share	107,662	USD 4.12	USD 443,567	SEC filing ↗
2026-08-13	Harmon Neal	Purchase (P)	Class A Common Stock, par value $0.0001 per share	29,036	USD 4.31	USD 125,144	SEC filing ↗
2026-08-12	Sarowitz Steven I	Purchase (P)	Class A Common Stock, par value $0.0001 per share	246,153	USD 3.71	USD 913,228	SEC filing ↗
2026-05-05	Sarowitz Steven I	Purchase (P)	Class A Common Stock, par value $0.0001 per share	321,544	USD 3.06	USD 983,925	SEC filing ↗
2025-09-11	Taylor Seth	Purchase (P)	Class A Common Stock, par value $0.0001 per share	11	USD 17.54	USD 193	SEC filing ↗

Form 4 evidence

40 transaction lines in the latest 365-day window; 42 in local history.

Date	Owner	Type	Security	Shares	Avg. price	Approx. value	Source
2026-09-11	Sarowitz Steven I	Purchase (P)	Class A Common Stock, par value $0.0001 per share	88,647	USD 5.33	USD 472,489	SEC filing ↗
2026-09-10	Sarowitz Steven I	Purchase (P)	Class A Common Stock, par value $0.0001 per share	355,998	USD 5.28	USD 1,879,669	SEC filing ↗
2026-09-09	Sarowitz Steven I	Purchase (P)	Class A Common Stock, par value $0.0001 per share	132,639	USD 4.95	USD 656,563	SEC filing ↗

Show recent Form 4 evidence (30 grouped rows)

Date	Owner	Type	Security	Shares	Avg. price	Approx. value	Source
2026-09-11	Sarowitz Steven I	Purchase (P)	Class A Common Stock, par value $0.0001 per share	88,647	USD 5.33	USD 472,489	SEC filing ↗
2026-09-10	Sarowitz Steven I	Purchase (P)	Class A Common Stock, par value $0.0001 per share	355,998	USD 5.28	USD 1,879,669	SEC filing ↗
2026-09-09	Sarowitz Steven I	Purchase (P)	Class A Common Stock, par value $0.0001 per share	132,639	USD 4.95	USD 656,563	SEC filing ↗
2026-09-01	Sarowitz Steven I	Purchase (P)	Class A Common Stock, par value $0.0001 per share	10,979	USD 4.27	USD 46,880	SEC filing ↗
2026-08-14	Sarowitz Steven I	Purchase (P)	Class A Common Stock, par value $0.0001 per share	57,922	USD 4.26	USD 246,748	SEC filing ↗
2026-08-14	Harmon Neal	Purchase (P)	Class A Common Stock, par value $0.0001 per share	29,193	USD 4.28	USD 124,946	SEC filing ↗
2026-08-14	Harmon Jeffrey	Purchase (P)	Class A Common Stock, par value $0.0001 per share	51,380	USD 4.26	USD 218,879	SEC filing ↗
2026-08-13	Harmon Jeffrey	Purchase (P)	Class A Common Stock, par value $0.0001 per share	178,700	USD 4.08	USD 729,096	SEC filing ↗
2026-08-13	Sarowitz Steven I	Purchase (P)	Class A Common Stock, par value $0.0001 per share	107,662	USD 4.12	USD 443,567	SEC filing ↗
2026-08-13	Harmon Neal	Purchase (P)	Class A Common Stock, par value $0.0001 per share	29,036	USD 4.31	USD 125,144	SEC filing ↗
2026-08-12	Sarowitz Steven I	Purchase (P)	Class A Common Stock, par value $0.0001 per share	246,153	USD 3.71	USD 913,228	SEC filing ↗
2026-07-31	Ellis Elizabeth	Option exercise / conversion (M)	Class B Common Stock, par value $0.0001 per share	129,812	USD 0.16	USD 20,770	SEC filing ↗
2026-07-23	Sarowitz Steven I	Option exercise / conversion (M)	Class A Common Stock, par value $0.0001 per share	2,648	USD —	USD —	SEC filing ↗
2026-07-23	Liljenquist Katie	Option exercise / conversion (M)	Class A Common Stock, par value $0.0001 per share	2,648	USD —	USD —	SEC filing ↗
2026-07-23	GAY ROBERT C	Option exercise / conversion (M)	Class A Common Stock, par value $0.0001 per share	2,648	USD —	USD —	SEC filing ↗
2026-07-23	Crane Benton Deloss	Option exercise / conversion (M)	Class A Common Stock, par value $0.0001 per share	2,648	USD —	USD —	SEC filing ↗
2026-06-29	Harmon Neal	Gift (G)	Class B Common Stock, par value $0.0001 per share	8,350,536	USD —	USD —	SEC filing ↗
2026-06-29	Harmon Jeffrey	Gift (G)	Class B Common Stock, par value $0.0001 per share	8,129,369	USD —	USD —	SEC filing ↗
2026-05-22	GAY ROBERT C	Option exercise / conversion (M)	Class A Common Stock, par value $0.0001 per share	5,296	USD —	USD —	SEC filing ↗
2026-05-05	Sarowitz Steven I	Purchase (P)	Class A Common Stock, par value $0.0001 per share	321,544	USD 3.06	USD 983,925	SEC filing ↗
2026-04-23	Sarowitz Steven I	Option exercise / conversion (M)	Class A Common Stock, par value $0.0001 per share	2,648	USD —	USD —	SEC filing ↗
2026-04-23	Nguyen Trang T	Option exercise / conversion (M)	Class A Common Stock, par value $0.0001 per share	2,648	USD —	USD —	SEC filing ↗
2026-04-23	Liljenquist Katie	Option exercise / conversion (M)	Class A Common Stock, par value $0.0001 per share	2,648	USD —	USD —	SEC filing ↗
2026-04-23	Crane Benton Deloss	Option exercise / conversion (M)	Class A Common Stock, par value $0.0001 per share	2,648	USD —	USD —	SEC filing ↗
2026-04-23	Ahlstrom Paul	Option exercise / conversion (M)	Class A Common Stock, par value $0.0001 per share	2,648	USD —	USD —	SEC filing ↗
2026-03-06	Oskoui Stephen D.	C (C)	Class A Common Stock	57,770	USD —	USD —	SEC filing ↗
2026-02-27	Oskoui Stephen D.	Option exercise / conversion (M)	Class B Common Stock	137,651	USD 2.24	USD 308,338	SEC filing ↗
2026-02-27	Oskoui Stephen D.	Tax withholding (F)	Class B Common Stock	79,881	USD 3.86	USD 308,341	SEC filing ↗
2026-01-26	Sarowitz Steven I	Option exercise / conversion (M)	Class A Common Stock, par value $0.0001 per share	2,648	USD —	USD —	SEC filing ↗
2026-01-23	Nguyen Trang T	Option exercise / conversion (M)	Class A Common Stock, par value $0.0001 per share	2,648	USD —	USD —	SEC filing ↗

Multiple price lines in one filing are grouped and share-weighted. Price and value are blank when a grouped filing line lacks price evidence.

Snapshot & identity

Snapshot date	2026-10-19
Ranking version	US-v1.2
Data quality	PASS ELIGIBLE · —
Ticker	ANGX
CIK	0001865200
Sector	Communication Services
Industry	Entertainment Yahoo Finance
SEC SIC	7812 Services-Motion Picture & Video Tape Production
Exchange	NYSE

Data coverage

Local Form 4 history	42 transaction lines from 2025-09-11 to 2026-09-11 13 P purchase lines · 0 S sale lines · 29 other lines
SEC company submissions	Open SEC filings ↗

Local ledger as of 2026-10-19. Mapping status is an audit field and does not erase SEC filing evidence.