Two Angel Studios insiders — CEO Neal Harmon and Director Steven Sarowitz — made open-market purchases totaling approximately $568K over a two-day window (Aug 12-13), with Sarowitz alone putting in ~$1.36M across two tranches. This cluster of insider buying at current levels signals conviction from senior leadership in the company's near-term prospects, particularly given the stock's recent price weakness.
Price Chart
Executive Summary
Two Angel Studios insiders — CEO Neal Harmon and Director Steven Sarowitz — made open-market purchases totaling approximately $568K over a two-day window (Aug 12-13), with Sarowitz alone putting in ~$1.36M across two tranches. This cluster of insider buying at current levels signals conviction from senior leadership in the company's near-term prospects, particularly given the stock's recent price weakness.
Key Financial Metrics
Key Facts
- CEO Neal Harmon purchased 29,036 shares for $125,007 (~$4.31/share) on Aug 13.
- Director Steven Sarowitz purchased 246,153 shares for $912,317 (~$3.71/share) on Aug 12, then another 107,662 shares for $443,277 (~$4.12/share) on Aug 13.
- Total cluster value: ~$1.48M (both Aug 12 & 13 trades included); window: Aug 12-13, 2026.
- No insider sales in the cluster; 100% open-market buying from C-suite and board.
- Insider buying cluster occurs in a 7-day window with no 10b5-1 patterns evident (discretionary purchases at varying prices).
Financial Impact
Total insider purchases of ~$1.48M represent ~0.18% of ANGX's $816M market cap, falling in the modest (0.1-0.5%) proportionality band for this sector.
Risk Factors
- Small proportionality relative to market cap (0.18%) limits near-term price impact potential; not a transformative signal on its own.
- Director buying does not carry the same predictive weight as C-suite buying for forward returns; the CEO's buy was only $125K.
- Broader sector weakness or macro headwinds affecting the motion picture industry could mute signal effect.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ANGX-1786777333681 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 17d ago | Insider Buy | $5.27 $5.10 | ▼ −3.23% | ▼ −5.34% | $4.14 (−21.54%) |
Sep 11, 2026 21d ago | Insider Buy | $5.45 $5.27 | ▼ −3.30% | ▼ −3.08% | $4.14 (−24.13%) |
Aug 18, 2026 6w ago | EFFECT | $4.85 $4.58 | ▼ −5.57% | ▼ −5.37% | $4.14 (−14.74%) |
Aug 17, 2026 6w ago | Insider Cluster | $4.85 $4.58 | ▼ −5.57% | ▼ −5.37% | $4.14 (−14.74%) |
Aug 14, 2026 6w ago | Insider Cluster | $4.71 $4.54 | ▼ −3.61% | ▼ −2.42% | $4.14 (−12.21%) |
Jun 30, 2026 13w ago | S-4 / 8-K | $3.67 $3.53 | ▼ −3.81% | ▼ −4.42% | $4.14 (+12.67%) |
Apr 10, 2026 25w ago | 8-K | $2.18 $2.62 | ▲ +20.18% | ▲ +15.68% | $4.14 (+89.68%) |
Apr 8, 2026 25w ago | DEFA14A | $2.87 $2.50 | ▼ −12.89% | ▼ −16.08% | $4.14 (+44.08%) |
US Market Status
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