Lument Finance (NYSE: LFT) director adds 20,000 common shares

Rhea-AI Filing Summary

Lument Finance Trust, Inc. director William A. Houlihan bought additional common stock in two recent open-market transactions. He purchased 10,000 shares on May 20, 2026 at $1.14 per share and another 10,000 shares on May 21, 2026 at $1.19 per share, for a total of 20,000 shares. Following these buys, he directly owns 280,732 common shares.

Insider Trade Summary

Net Buyer: 20,000 shares ($23,300)

Net Buy 2 txns

Insider HOULIHAN WILLIAM A

Role null

Bought 20,000 shs ($23K)

Type	Security	Shares	Price	Value
Purchase	common stock	10,000	$1.19	$12K
Purchase	common stock	10,000	$1.14	$11K

Holdings After Transaction: common stock — 280,732 shares (Direct, null)

Footnotes (1)

Key Figures

Shares bought May 20, 2026: 10,000 shares at $1.14 Shares bought May 21, 2026: 10,000 shares at $1.19 Total shares bought in filing: 20,000 shares +2 more

5 metrics

Shares bought May 20, 2026 10,000 shares at $1.14 Open-market purchase of common stock

Shares bought May 21, 2026 10,000 shares at $1.19 Open-market purchase of common stock

Total shares bought in filing 20,000 shares Two open-market purchases of common stock

Shares owned after transactions 280,732 shares Direct ownership of common stock after May 21, 2026 trade

Net buy direction Net-buy of 20,000 shares transactionSummary netBuySellShares and netBuySellDirection

Key Terms

open-market purchase, common stock, transaction code "P", net-buy

4 terms

open-market purchase financial

"transaction_action: "open-market purchase" for each common stock trade"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

common stock financial

"security_title: "common stock" for both reported transactions"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

transaction code "P" financial

"transaction_code: "P" described as purchase in open market or private transaction"

net-buy financial

"transactionSummary shows netBuySellDirection: "net-buy" with netBuySellShares of 20,000"

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

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^*

HOULIHAN WILLIAM A

(Last) (First) (Middle)

C/O LUMENT FINANCE TRUST, INC.

230 PARK AVENUE, 20TH FLOOR

(Street)

NEW YORK NEW YORK 10169

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Lument Finance Trust, Inc. [ LFT ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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	05/20/2026		P		10,000	A	$1.14	270,732	D
common stock	05/21/2026		P		10,000	A	$1.19	280,732	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:

	/s/ Michele Halickman, Attorney-in-Fact	05/22/2026
	** 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 insider transactions did William A. Houlihan report at Lument Finance Trust (LFT)?

William A. Houlihan reported two open-market purchases of Lument Finance Trust common stock. He bought 10,000 shares on May 20, 2026 and another 10,000 shares on May 21, 2026, increasing his direct ownership position in the company.

How many LFT shares did the director buy and at what prices?

The director bought a total of 20,000 LFT common shares across two days. He acquired 10,000 shares at $1.14 per share on May 20, 2026 and 10,000 shares at $1.19 per share on May 21, 2026 in open-market purchases.

What is William A. Houlihan’s Lument Finance Trust shareholding after these purchases?

After the reported open-market purchases, William A. Houlihan directly holds 280,732 shares of Lument Finance Trust common stock. This total reflects his position following the second 10,000-share transaction dated May 21, 2026 disclosed in the Form 4 data.

Were the LFT insider transactions open-market purchases or another type of acquisition?

Both transactions were classified as open-market purchases of Lument Finance Trust common stock. The filing uses transaction code “P” and describes each as a purchase in an open market or private transaction, indicating straightforward buying rather than option exercises or other derivative activity.

Did the LFT director sell any shares or exercise derivatives in this Form 4?

The Form 4 data show only net buying activity, with no reported sales or derivative exercises. The transaction summary lists two buy transactions totaling 20,000 shares, zero sales, and an empty derivative summary, indicating no option exercises or other derivative-related trades in this filing.