Angel Oak Mortgage REIT Director Buys 38,726 Shares

A separate 315,000-share holding was held by Falcons I, LLC; Michael Fierman disclaimed beneficial ownership except to the extent of his pecuniary interest.

Rhea-AI Filing Summary

Angel Oak Mortgage REIT, Inc. director and 10% owner Michael Fierman purchased 38,726 common shares on September 25, 2026, at a weighted average price of $7.5017 per share. His direct holdings after the purchase were 105,247 shares. Separately, 315,000 shares were held by Falcons I, LLC; Fierman may be deemed their beneficial owner but disclaims beneficial ownership except to the extent of his pecuniary interest. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Buyer: 38,726 shares

Net Buy 2 txns

Insider Fierman Michael

Role Director, 10% Owner

Bought 38,726 shs ($291K)

Type	Security	Shares	Price	Value
Purchase	Common Stock F2	38,726	$7.5017	$291K
holding	Common Stock F1	--	--	--

Holdings After Transaction: Common Stock — 105,247 shares (Direct); Common Stock — 315,000 shares (Indirect, By Falcons I, LLC)

Footnotes (2)

1. F1. The 315,000 shares of common stock are held by Falcons I, LLC. The sole member of Falcons I, LLC is Angel Oak Asset Management Holdings, LLC. The sole member of Angel Oak Asset Management Holdings, LLC is Angel Oak Companies, LP, which is a wholly-owned subsidiary of Angel Oak Companies, LLC (AOC). Mr. Fierman is a 20.45% stockholder of AOC through various vehicles and, accordingly, may be deemed to be the beneficial owner of the shares held by Falcons I, LLC. Mr. Fierman disclaims beneficial ownership of the shares of common stock held by Falcons I, LLC, except to the extent of his pecuniary interest therein.
2. F2. The price reported in Column 4 is a weighted average price. Upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price will be provided.

Key Figures

Common shares purchased: 38,726 shares Weighted average price: $7.5017 per share Direct shares held after purchase: 105,247 shares +1 more

4 metrics

Common shares purchased 38,726 shares September 25, 2026

Weighted average price $7.5017 per share Purchase on September 25, 2026

Direct shares held after purchase 105,247 shares September 25, 2026

Shares held by Falcons I, LLC 315,000 shares September 25, 2026

Key Terms

weighted average price, beneficial owner, pecuniary interest

3 terms

weighted average price financial

"The price reported in Column 4 is a weighted average price"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

beneficial owner regulatory

"may be deemed to be the beneficial owner of the shares held by Falcons I, LLC"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

pecuniary interest financial

"except to the extent of his pecuniary interest therein"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many AOMD shares did Michael Fierman buy, and at what price?

Michael Fierman, a director and 10% owner, purchased 38,726 common shares on September 25, 2026, at a weighted average price of $7.5017 per share. No Rule 10b5-1 plan is reported.

How many AOMD shares were held by Falcons I, LLC?

Falcons I, LLC held 315,000 shares of Angel Oak Mortgage REIT, Inc. common stock. Michael Fierman may be deemed the beneficial owner but disclaims beneficial ownership except to the extent of his pecuniary interest.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/28/2026 - 05:25 PM Accepted by SEC EDGAR 09/28/2026 - 05:24 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fierman Michael

(Last) (First) (Middle)

980 HAMMOND DRIVE

SUITE 200

(Street)

ATLANTA GEORGIA 30328

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Angel Oak Mortgage REIT, Inc. [ AOMR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								315,000	I	By Falcons I, LLC(1)
Common Stock	09/25/2026		P		38,726	A	$7.5017(2)	105,247	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The 315,000 shares of common stock are held by Falcons I, LLC. The sole member of Falcons I, LLC is Angel Oak Asset Management Holdings, LLC. The sole member of Angel Oak Asset Management Holdings, LLC is Angel Oak Companies, LP, which is a wholly-owned subsidiary of Angel Oak Companies, LLC (AOC). Mr. Fierman is a 20.45% stockholder of AOC through various vehicles and, accordingly, may be deemed to be the beneficial owner of the shares held by Falcons I, LLC. Mr. Fierman disclaims beneficial ownership of the shares of common stock held by Falcons I, LLC, except to the extent of his pecuniary interest therein.

2. The price reported in Column 4 is a weighted average price. Upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price will be provided.

Remarks:

	/s/ Jeanine Joseph, as attorney-in-fact for Michael Fierman	09/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)