Angel Founders Transfer More Than 10 Million Super-Voting Shares to Angel Mission Trust to Preserve Company’s Mission for Generations

PROVO, Utah--(BUSINESS WIRE)--Angel (NYSE: ANGX) – a media and technology company successfully pioneering a first of its kind audience-driven studio model in which Angel Guild members watch, screen and vote on which films and television series get distributed in theaters and on the Angel platform – today announced that Angel Co-Founders Neal Harmon and Jeffrey Harmon have irrevocably transferred more than 10 million shares of super-voting class B Angel stock to the Angel Mission Trust. This creates a perpetual stewardship structure that preserves the company’s independence, values, and mission to amplify light for generations to come.

As Angel Guild members vote, they pledge to choose excellent entertainment that is true, honest, noble, just, authentic, lovely, admirable, or joyful. This is what it means to amplify light.

“Our heroes are the Disney brothers,” said Neal Harmon, Angel Co-Founder and CEO, “And while Disney still has an amazing heritage, we’ve all watched the company’s mission drift after Walt and Roy were gone. Our hope is that this Trust will help Angel’s mission last long after we are gone.”

The Trust draws inspiration from mission-driven companies such as Patagonia, Hershey, and Rolex. It is irrevocable, with a professional Trustee, independent Enforcer, and Trust Stewardship Committee. All decisions prioritize generational mission integrity and long-term performance over short-term gains.

Angel will continue to innovate through its pioneering Angel Guild model while the Angel Mission Trust provides enduring governance.

About Angel Studios, Inc.

Angel (NYSE: ANGX) is a media and technology company successfully pioneering a first-of-its-kind audience-driven studio model. Founded by brothers who struggled to find films they could watch with their children, Angel was built on the belief that there was a global audience hungry for values-driven storytelling that amplifies light, celebrates hope, and inspires the moral imagination of viewers. That audience became the Angel Guild, a rapidly growing community of 2.6 million paying members who watch, screen, and vote on which films and television series get produced and distributed in theaters and on the Angel app. Angel has achieved the highest audience satisfaction scores in the industry* and the highest average domestic box office per title among all independent studios since 2023. It has done so while evolving a new economic model that shares profits more fully with filmmakers. For more information, visit www.angel.com.

* www.rottentomatoes.com Popcornmeter (Data sourced April 22, 2026)