SEC FORM 3 SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person*
Gigafund 1, LP

(Last) (First) (Middle)
555 E. 5TH STREET #3127

(Street)
AUSTIN TX 78701

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
09/10/2025
3. Issuer Name and Ticker or Trading Symbol
Angel Studios, Inc. [ ANGX ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock 19,459,882 D(1)(4)
Class A Common Stock 53,504 I See footnotes(2)(4)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Options to Purchase Class B Common Stock 09/10/2025 12/02/2032 Class B Common Stock 137,651 $2.24 I See footnotes(3)(4)
1. Name and Address of Reporting Person*
Gigafund 1, LP

(Last) (First) (Middle)
555 E. 5TH STREET #3127

(Street)
AUSTIN TX 78701

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Gigafund 1 GP, LP

(Last) (First) (Middle)
555 E. 5TH STREET #3127

(Street)
AUSTIN TX 78701

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Nosek Luke

(Last) (First) (Middle)
555 E. 5TH STREET #3127

(Street)
AUSTIN TX 78701

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Oskoui Stephen D.

(Last) (First) (Middle)
555 E. 5TH STREET #3127

(Street)
AUSTIN TX 78701

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. These shares of Class A Common Stock are directly held by Gigafund 1, LP ("LP"). Gigafund 1 GP, LP ("GP") is the general partner of LP, and Stephen D. Oskoui and Luke Nosek control all voting and investments decisions with respect to securities held by LP and GP. Each of the Reporting Persons disclaim beneficial ownership of such securities, except to the extent of their respective pecuniary interest therein.
2. These shares of Class A Common Stock, which are directly held by Stephen D. Oskoui, were acquired upon conversion of shares of Class B Common Stock, as reported on a Form 4 filed on September 16, 2025. Each of LP, GP, and Luke Nosek disclaim beneficial ownership of such securities.
3. These options are directly held by Stephen D. Oskoui and each of LP, GP, and Luke Nosek disclaim beneficial ownership of such options.
4. This report shall not be deemed an admission that the Reporting Persons are the beneficial owners of such securities for purposes of Section 16 or for any other purpose.
Remarks:
Exhibit 24.1 - Power of Attorney
Gigafund 1, LP, By: Gigafund 1 GP, LP, its General Partner, By: /s/ Lemuel Anaejionu, Name: Lemuel Anaejionu, Title: Authorized Signatory 09/19/2025
Gigafund 1 GP, LP, By: /s/ Lemuel Anaejionu, Name: Lemuel Anaejionu, Title: Authorized Signatory 09/19/2025
/s/ Lemuel Anaejionu, as attorney-in-fact for Luke Nosek 09/19/2025
/s/ Lemuel Anaejionu, as attorney-in-fact for Stephen D. Oskoui 09/19/2025
** 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 5 (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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