Xylem Finance (NYSE: AOMR) disposes 1.79M Angel Oak shares to issuer

Rhea-AI Filing Summary

Xylem Finance LLC, an entity associated with Davidson Kempner, disposed of 1,794,353 shares of Angel Oak Mortgage REIT, Inc. common stock back to the issuer at an average price of $8.3596 per share. Following this disposition-to-issuer transaction, Xylem holds 1,858,320 shares indirectly. The reporting persons, including Davidson Kempner Capital Management LP and Anthony A. Yoseloff, expressly disclaim beneficial ownership beyond any pecuniary interest.

Insights

Institutional ownership analyst

Large block returned to issuer, but via entity with disclaimed beneficial ownership.

The filing shows Xylem Finance LLC disposed of 1,794,353 Angel Oak Mortgage REIT shares in a D-code disposition to the issuer at $8.3596 per share. This is an issuer-facing transaction, not an open-market sale, and occurs through an investment vehicle managed by Davidson Kempner.

After the transaction, Xylem still holds 1,858,320 shares, so it remains a sizable holder. Footnotes state that Davidson Kempner and its principals, including Anthony A. Yoseloff, manage voting and investment decisions but expressly disclaim beneficial ownership beyond any pecuniary interest, which frames this as an institutional portfolio action rather than a personal insider trade.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider DAVIDSON KEMPNER CAPITAL MANAGEMENT LP, Xylem Finance LLC, YOSELOFF ANTHONY ALEXANDER

Role null | null | null

Type	Security	Shares	Price	Value
Disposition	Common Stock, par value $0.01 per share	1,794,353	$8.3596	$15.00M

Holdings After Transaction: Common Stock, par value $0.01 per share — 1,858,320 shares (Indirect, See footnotes)

Footnotes (1)

1. The securities reported on this line are held directly by Xylem Finance LLC, a Delaware limited liability company ("Xylem"). Davidson Kempner Capital Management LP, a Delaware limited partnership and a registered investment adviser with the U.S. Securities and Exchange Commission ("DKCM") acts as investment manager to Xylem. DKCM GP LLC, a Delaware limited liability company, is the general partner of DKCM. The managing members of DKCM are Anthony A. Yoseloff, Conor Bastable, Morgan P. Blackwell, Patrick W. Dennis, Gabriel T. Schwartz, Zachary Z. Altschuler, Joshua D. Morris, Suzanne K. Gibbons, Gregory S. Feldman, Melanie Levine and James Li. Anthony A. Yoseloff through DKCM, is responsible for the voting and investment decisions relating to the securities held by Xylem reported herein. The filing of this statement shall not be deemed an admission that any of the Reporting Persons is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. Each of the Reporting Persons expressly disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein, if any.

Key Figures

Shares disposed to issuer: 1,794,353 shares Disposition price: $8.3596 per share Shares held after transaction: 1,858,320 shares +1 more

4 metrics

Shares disposed to issuer 1,794,353 shares Non-derivative D-code disposition on 2026-05-19

Disposition price $8.3596 per share Price for common stock returned to issuer

Shares held after transaction 1,858,320 shares Indirect holdings by Xylem Finance LLC after disposition

Transaction code D (Disposition to issuer) Non-derivative common stock transaction

Key Terms

Disposition to issuer, beneficial owner, pecuniary interest, indirect

4 terms

Disposition to issuer financial

"transaction_code_description": "Disposition to issuer""

beneficial owner regulatory

"not be deemed an admission that any of the Reporting Persons is the beneficial owner"

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

"disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest"

indirect financial

""ownership_type": "indirect""

Form 4 Insider Transactions: What Each Field Means →

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

X

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^*

DAVIDSON KEMPNER CAPITAL MANAGEMENT LP

(Last) (First) (Middle)

520 MADISON AVENUE

30TH FLOOR

(Street)

NEW YORK NEW YORK 10022

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

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

	Form filed by One Reporting Person
X	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, par value $0.01 per share	05/19/2026		D		1,794,353	D	$8.3596	1,858,320	I	See footnotes(1)(2)

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

1. Name and Address of Reporting Person^*

DAVIDSON KEMPNER CAPITAL MANAGEMENT LP

(Last) (First) (Middle)

520 MADISON AVENUE

30TH FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Xylem Finance LLC

(Last) (First) (Middle)

520 MADISON AVENUE

30TH FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

YOSELOFF ANTHONY ALEXANDER

(Last) (First) (Middle)

DAVIDSON KEMPNER CAPITAL MANAGEMENT LP

520 MADISON AVENUE, 30TH FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. The securities reported on this line are held directly by Xylem Finance LLC, a Delaware limited liability company ("Xylem"). Davidson Kempner Capital Management LP, a Delaware limited partnership and a registered investment adviser with the U.S. Securities and Exchange Commission ("DKCM") acts as investment manager to Xylem. DKCM GP LLC, a Delaware limited liability company, is the general partner of DKCM. The managing members of DKCM are Anthony A. Yoseloff, Conor Bastable, Morgan P. Blackwell, Patrick W. Dennis, Gabriel T. Schwartz, Zachary Z. Altschuler, Joshua D. Morris, Suzanne K. Gibbons, Gregory S. Feldman, Melanie Levine and James Li. Anthony A. Yoseloff through DKCM, is responsible for the voting and investment decisions relating to the securities held by Xylem reported herein.

2. The filing of this statement shall not be deemed an admission that any of the Reporting Persons is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. Each of the Reporting Persons expressly disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein, if any.

Remarks:

Each Reporting Person may have been deemed to be a director by deputization for purposes of Section 16 under the Securities Exchange Act of 1934 by virtue of the fact that Mr. Vikram Shankar, a Managing Director of DKCM, served on the board of directors of the Issuer. Mr. Vikram Shankar resigned as a member of the issuer's Board of Directors effective as of May 20, 2026.

	Xylem Finance LLC, By: Davidson Kempner Capital Management LP, its Investment Manager, By: /s/ Anthony A. Yoseloff, its Executive Managing Member	05/21/2026
	Davidson Kempner Capital Management LP, By: /s/ Anthony A. Yoseloff, its Executive Managing Member	05/21/2026
	/s/ Anthony A. Yoseloff	05/21/2026
	** 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)

FAQ

What did Xylem Finance LLC do in the latest Angel Oak Mortgage REIT (AOMR) Form 4?

Xylem Finance LLC disposed of 1,794,353 Angel Oak Mortgage REIT shares back to the issuer at $8.3596 per share. The disposition is coded “D” for disposition to issuer, indicating shares were returned to the company rather than sold on the open market.

How many Angel Oak Mortgage REIT (AOMR) shares does Xylem Finance LLC hold after this Form 4 transaction?

After the transaction, Xylem Finance LLC holds 1,858,320 Angel Oak Mortgage REIT common shares. These shares are reported as indirectly owned, with investment decisions managed by Davidson Kempner Capital Management LP, while beneficial ownership is expressly disclaimed beyond any pecuniary interest.

What was the price per share for the Angel Oak Mortgage REIT (AOMR) shares disposed by Xylem Finance LLC?

The 1,794,353 Angel Oak Mortgage REIT shares were disposed at an average price of $8.3596 per share. This price applies to the D-code transaction, which represents a disposition of shares to the issuer rather than an open-market trade.

Who controls voting and investment decisions for Xylem Finance LLC’s Angel Oak Mortgage REIT (AOMR) shares?

Anthony A. Yoseloff, through Davidson Kempner Capital Management LP, is responsible for voting and investment decisions for Xylem’s shares. Davidson Kempner acts as investment manager to Xylem, according to the footnotes in the Form 4 filing.

Do the reporting persons claim beneficial ownership of the Angel Oak Mortgage REIT (AOMR) shares in this Form 4?

The reporting persons expressly disclaim beneficial ownership of the reported Angel Oak Mortgage REIT shares, except for any pecuniary interest. The filing states it should not be deemed an admission of beneficial ownership for Section 16 or other purposes.