Cherry Hill Mortgage CFO Files Initial Insider Stake Totalling ~60k Shares
Rhea-AI Filing Summary
Cherry Hill Mortgage Investment Corp. (CHMI) – Form 3 insider filing
On 06/22/2025 newly reported insider Apeksha Patel, who serves as Chief Financial Officer, submitted an initial statement of beneficial ownership to the SEC. The filing details her current equity stake in the company:
- Common stock (direct): 6,907 shares
- Restricted Stock Units (RSUs): 22,333 units, vesting in two tranches – 11,000 on 05/30/2026 and 11,333 on 05/30/2027
- LTIP Units: 31,532 partnership units in Cherry Hill Operating Partnership, L.P.; they vest ratably over three years from grant and can be exchanged one-for-one for common shares once parity conditions are met
The RSUs and LTIP units represent potential future ownership of up to an additional 53,865 common shares, aligning the CFO’s incentives with shareholder value. No purchases, sales or option exercises were reported; this is a routine initial disclosure required under Section 16(a).
Positive
- Management alignment: CFO holds 60k-share economic interest, signaling incentive alignment with shareholders
Negative
- None.
Insights
TL;DR – Routine Form 3; CFO discloses 60k-share economic stake, no transaction impact.
This Form 3 is an administrative filing establishing Apeksha Patel’s starting ownership as she begins her tenure as CFO. The stake—6,907 direct shares plus 53,865 in equity awards—signals management alignment but does not involve open-market activity or new compensation grants. The derivative awards were previously issued and follow standard vesting schedules. There is no immediate earnings, cash-flow or balance-sheet effect, and dilution is immaterial given CHMI’s ~25 million outstanding shares. As such, the disclosure is informational and neutral from a valuation or liquidity standpoint.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | LTIP Units | -- | -- | -- |
| holding | Common Stock, $0.01 par value | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of common stock. Includes (a) 11,000 RSUs that will vest on May 30, 2026 and (b) 11,333 RSUs that will vest on May 30, 2027. Represents units of limited partnership interests ("LTIP Units") in Cherry Hill Operating Partnership, L.P. (the "Operating Partnership") of which the Issuer is the general partner. Vested LTIP Units, upon achieving parity with the common units of limited partnership interest in the Operating Partnership pursuant to the terms of the partnership agreement, may be exchanged at any time for cash (as described in the partnership agreement) or, at the election of the Issuer, for shares of common stock on a one-for-one basis. The LTIP Units will vest and become nonforfeitable ratably over the three-year period beginning on the date of grant, subject to the reporting person's continued service to the Issuer or its affiliate and have no expiration date. Includes (a) 22,732 vested LTIP Units, (b) 2,300 LTIP Units that will vest on January 10, 2026, (c) 3,250 LTIP Units that will vest on January 16, 2026 and (d) 3,250 LTIP Units that will vest on January 16, 2027.
