Angel Studios, Inc. 10-K

Item 5. Market For Registrant’s Common Equity, Related Stockholder Matters And Issuer Purchases Of Equity Securities Market Information ​ Our Class A Common Stock is listed on the New York Stock Exchange and trades under the symbol “ANGX.” Our Class B Common Stock is not listed or traded on any stock exchange. ​ Holders ​ The approximate number of holders of record of our Class A Common Stock as of March 9, 2026 was 62,754 and the approximate number of holders of record of our Class B Common Stock as of that date was 10,049. ​ Dividend Policy ​ We have never declared or paid any cash dividends, and we do not currently anticipate paying any cash dividends in the foreseeable future. ​ Performance Graph ​ This performance graph shall not be deemed “soliciting material” or to be “filed” with the SEC for purposes of Section 18 of the Exchange Act, or incorporated by reference into any of our filings under the Securities Act. ​ The performance graph below shows the cumulative total return to our stockholders between September 11, 2025 (the date that our Class A common stock commenced trading on the NYSE) through December 31, 2025, in comparison to the Standard & Poor’s 500 Stock Index (“S&P 500 Index”), the NYSE Composite, and the Dow Jones Internet Composite Index (“DJINET”). The graph assumes that $100 was invested in our Class A common stock and each index at their closing prices on September 11, 2025 and data for the indexes assumes reinvestment of any dividends. The stock price performance shown in the graph represents past performance and is not necessarily indicative of future stock price performance. ​ ​ Unregistered Sales of Equity Securities ​ There were no other unregistered securities to report which have not been previously included in a Quarterly Report on Form 10-Q or a Current Report on Form 8-K. ​ Issuer Purchases of Equity Securities ​ None ​ 37 Table of Contents Item 6. Reserved [Reserved]. ​