[Form 4] Lument Finance Trust, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Lument Finance Trust director Neil A. Cummins received 6,255 shares as payment for director fees on 09/18/2025 at an effective price of $2.198 per share. After the issuance, Mr. Cummins beneficially owns 95,959 shares. The Form 4 shows the transaction was reported as an acquisition and is explained simply as "director fees paid in stock."

Insights

Financial Analyst

TL;DR: Routine insider acquisition via equity compensation; small ownership change, non-operational impact.

The report documents a standard equity-based director compensation event rather than a market purchase or sale. The addition of 6,255 shares at $2.198 increases the reporting person's stake to 95,959 shares. This type of issuance typically reflects governance practice to align directors with shareholder interests, but the filing does not indicate any material change to company operations, capital structure beyond the single issuance, or related party transactions other than compensation.

Corporate Governance Expert

TL;DR: Compensation-driven issuance reported correctly; disclosure is routine and complies with Section 16 reporting.

The Form 4 discloses an acquisition coded as 'A' with the explanatory note that director fees were paid in stock. The reporting is consistent with standard governance practices of granting equity to directors. No derivative instruments, loans, or other complex arrangements are disclosed. The filing provides necessary transparency but contains no additional governance concerns or red flags based on the information presented.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Cummins Neil A.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	6,255	$2.198	$14K

Holdings After Transaction: Common Stock — 95,959 shares (Direct)

Footnotes (1)

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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).

1. Name and Address of Reporting Person^*

Cummins Neil A.

(Last) (First) (Middle)

C/O LUMENT FINANCE TRUST, INC.

230 PARK AVENUE, 20H FLOOR

(Street)

NEW YORK NY 10169

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2025

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

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

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

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	09/18/2025		A		6,255	A(1)	$2.198	95,959	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. Director fees paid in stock

	/s/ Michele Halickman, Attorney-in-Fact	09/19/2025
	** 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.
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