v3.25.1
Stock Options (Tables) - Angel Studios, Inc. CIK: 0001671941
12 Months Ended
Dec. 31, 2024
Stock Options  
Schedule of stock option activity

    

    

    

Weighted

Number of

Average Exercise

Options

Price Per Share

Outstanding as of January 1, 2022

 

2,291,628

 

4.47

Granted

 

431,763

 

11.95

Exercised

 

(77,011)

 

3.36

Forfeited

 

(319,068)

 

8.90

Outstanding as of December 31, 2022

 

2,327,312

 

5.26

Granted

 

1,712,073

 

14.18

Exercised

 

(197,656)

 

1.19

Forfeited

 

(139,619)

 

10.78

Outstanding as of December 31, 2023

 

3,702,110

 

9.41

Granted

 

1,925,301

 

23.13

Exercised

 

(197,966)

 

3.13

Forfeited

 

(438,289)

 

12.67

Outstanding as of December 31, 2024

 

4,991,156

 

14.67

Schedule of exercise price range of outstanding and exercisable options

The following summarizes information about stock options outstanding for both the Stock Incentive Plan and the Performance Equity Plan as of December 31, 2024:

    

Weighted Average

    

    

    

Remaining

Number of Options

Contractual

Weighted Average

Number of Options

Weighted Average

Outstanding

Life (Years)

Exercise Price

Exercisable

Exercise Price

517,018

 

4.76

$

0.32

 

517,018

$

0.32

18,500

 

0.29

 

0.50

 

18,500

 

0.50

45,400

 

1.55

 

0.82

 

45,400

 

0.82

268,307

 

6.21

 

3.42

 

259,767

 

3.42

414,175

 

6.62

 

8.63

 

360,973

 

8.63

173,111

 

6.84

 

8.90

 

136,247

 

8.90

242,573

 

7.71

 

11.95

 

208,105

 

11.95

2,247,624

 

8.84

 

14.18

 

345,985

 

14.18

1,064,448

9.30

30.24

17,642

30.24

4,991,156

 

7.97

$

14.67

 

1,909,637

$

6.99

2023 Stock Incentive Plan  
Stock Options  
Schedule of fair value assumptions used for stock options

The fair value of each stock-based award granted from the Stock Incentive Plan was estimated on the date of grant using the Black-Scholes option-pricing model with the following assumptions as of December 31:

    

2024

    

2023

 

2022

 

Risk-free interest rate

 

3.43 - 4.68

%  

3.63 - 4.86

%

2.85 - 3.67

%

Expected stock price volatility

 

50

%  

50

%

50

%

Expected dividend yield

 

0

%  

0

%

0

%

Expected life of options

 

5 - 10

years

5

years

5

years

2023 Performance Equity Plan  
Stock Options  
Schedule of fair value assumptions used for stock options

The fair value of each stock-based award granted from the Performance Equity Plan was estimated on the date of grant using the Monte-Carlo option-pricing model with the following assumptions as of December 31:

    

2024

 

2023

 

Risk-free interest rate

 

3.65 - 4.26

%

4.81

%

Expected stock price volatility

 

46 - 48

%

46

%

Expected dividend yield

 

0

%

0

%

Expected life of options

 

4.2 - 7.7

years

6.8 - 7.9

years