4//SEC Filing
Fierman Michael 4
Accession 0001567619-21-012531
CIK 0001766478other
Filed
Jun 22, 8:00 PM ET
Accepted
Jun 23, 4:59 PM ET
Size
11.6 KB
Accession
0001567619-21-012531
Insider Transaction Report
Form 4
Fierman Michael
Director10% Owner
Transactions
- Other
Common Stock
2021-06-21−15,724,050→ 0 total(indirect: By Angel Oak Mortgage Fund, LP) - Purchase
Common Stock
2021-06-21$19.00/sh+25,000$475,000→ 66,521 total - Other
Common Stock
2021-06-21+15,723,050→ 15,724,050 total(indirect: By Angel Oak Mortgage Fund, LP) - Award
Common Stock
2021-06-21+15,789→ 41,521 total
Holdings
- 25,732
Common Stock
Footnotes (4)
- [F1]The reporting person is one of two members of Falcons I, LLC, the general partner of Angel Oak Mortgage Fund, L.P. and, accordingly, may be deemed to be the beneficial owner of the shares held by Angel Oak Mortgage Fund, L.P. The reporting person disclaims beneficial ownership of the shares of common stock held by Angel Oak Mortgage Fund, L.P., except to the extent of his pecuniary interest therein.
- [F2]In connection with the completion of Issuer's initial public offering, as part of the Issuer's formation transactions: (a) the Issuer declared a stock dividend that resulted in the issuance of 15,723,050 shares of common stock to Angel Oak Mortgage Fund, L.P.; (b) Angel Oak Mortgage Fund, L.P. distributed the 15,724,050 shares of common stock it owned to its partners pursuant to the terms of its limited partnership agreement; and (c) Angel Oak Mortgage Fund, L.P. was terminated.
- [F3]The reporting person received, in connection with the closing of the Issuer's initial public offering, a distribution of 25,732 shares from Angel Oak Mortgage Fund, L.P., pursuant to the terms of its limited partnership agreement, representing his pro rata limited partnership interest, which acquisition should be exempt from Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") pursuant to Rule 16a-13 under the Exchange Act.
- [F4]These shares of restricted stock vest in three equal annual installments, commencing on the one-year anniversary of the grant date, subject to the reporting person's continued service to the Issuer through the applicable vesting date.
Documents
Issuer
Angel Oak Mortgage, Inc.
CIK 0001766478
Entity typeother
Related Parties
1- filerCIK 0001724044
Filing Metadata
- Form type
- 4
- Filed
- Jun 22, 8:00 PM ET
- Accepted
- Jun 23, 4:59 PM ET
- Size
- 11.6 KB