Home > Insider Trading > Filing (0001567619-21-012531)

Filing Details

Accession Number:: 0001567619-21-012531
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-06-23 16:59:23
Reporting Period:: 2021-06-21

Accepted Time:: 2021-06-23 16:59:23
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1766478	Angel Oak Mortgage Inc.	AOMR	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1724044	Michael Fierman	3344 Peachtree Road Ne Suite 1725 Atlanta GA 30326		Yes	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2021-06-21	15,723,050	$0.00	15,724,050	No	4	J	Indirect	By Angel Oak Mortgage Fund, LP
Common Stock	Disposition	2021-06-21	15,724,050	$0.00	0	No	4	J	Indirect	By Angel Oak Mortgage Fund, LP
Common Stock	Acquisiton	2021-06-21	15,789	$0.00	41,521	No	4	A	Direct
Common Stock	Acquisiton	2021-06-21	25,000	$19.00	66,521	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Indirect	By Angel Oak Mortgage Fund, LP
No	4	J	Indirect	By Angel Oak Mortgage Fund, LP
No	4	A	Direct
No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	25,732	Direct

Footnotes

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.
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.
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.
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.