Lument Finance Trust director buys preferred shares

Lument Finance Trust director Walter C. Keenan reported an indirect open-market purchase of 5,000 shares of preferred stock at $19.63 per share through his wife.

Accepted by SEC EDGAR 03/27/2026 - 04:10 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Lument Finance Trust director Walter C. Keenan reported an indirect open-market purchase of 5,000 shares of preferred stock at $19.63 per share through his wife. Following this transaction, his indirect holdings in the preferred stock total 10,400 shares.

Insider Trade Summary

Net Buyer: 5,000 shares

Net Buy 1 txn

Insider Keenan Walter C

Role Director

Bought 5,000 shs ($98K)

Type	Security	Shares	Price	Value
Purchase	preferred stock	5,000	$19.63	$98K

Holdings After Transaction: preferred stock — 10,400 shares (Indirect, By wife)

FAQ

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

What insider transaction did Lument Finance Trust (LFT) report for Walter C. Keenan?

Lument Finance Trust reported that director Walter C. Keenan indirectly bought 5,000 shares of preferred stock in an open-market purchase at $19.63 per share. The shares are held through his wife, and his total indirect preferred holdings increased to 10,400 shares after the transaction.

Was the LFT insider trade by Walter C. Keenan a buy or sell?

The reported LFT insider trade by director Walter C. Keenan was a buy. He indirectly acquired 5,000 shares of preferred stock in an open-market purchase at $19.63 per share, increasing his indirect preferred stock position to 10,400 shares held through his wife.

How many Lument Finance Trust preferred shares does Walter C. Keenan hold after this Form 4?

After this Form 4 transaction, Walter C. Keenan indirectly holds 10,400 shares of Lument Finance Trust preferred stock. This reflects the addition of 5,000 shares purchased at $19.63 per share, all reported as indirect ownership through his wife rather than directly in his own name.

What price did Walter C. Keenan pay for Lument Finance Trust preferred stock?

Walter C. Keenan paid an average price of $19.63 per share for 5,000 Lument Finance Trust preferred shares. The transaction was classified as an open-market purchase and is reported as indirect ownership because the shares are held by his wife, not in a direct personal account.

Is Walter C. Keenan’s LFT preferred stock ownership direct or indirect?

The reported LFT preferred stock ownership for this transaction is indirect. The 5,000 newly purchased shares, and the resulting 10,400-share position, are held "By wife" according to the filing, meaning they are beneficially attributed to him but not directly registered in his own name.

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

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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^*

Keenan Walter C

(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)
03/26/2026

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
preferred stock	03/26/2026		P		5,000	A	$19.63	10,400	I	By wife

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	03/27/2026
	** 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)