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

Rhea-AI Filing Summary

Keenan Walter C, a director of Lument Finance Trust, Inc. (LFT), received 6,255 shares of common stock as payment of director fees on 09/18/2025 at a reported price of $2.198 per share. After the transaction he beneficially owned 153,124 shares in total. The Form 4 was submitted as a single reporting person filing and is signed by an attorney-in-fact on 09/19/2025. The filer explains the shares represent director fees paid in stock.

Positive

• Director alignment increased through equity compensation as director fees were paid in stock, adding 6,255 shares to insider ownership

Negative

• None.

Insights

Corporate Governance Expert

TL;DR Director received equity compensation, modestly increasing insider ownership and aligning pay with shareholder interests.

The reported issuance of 6,255 shares as director fees is a routine equity-based compensation action common for non-employee directors. Such grants typically aim to align director incentives with shareholders without creating new material dilution. The filing shows the transaction was executed at $2.198 per share and increased the director's total holdings to 153,124 shares, which may modestly strengthen alignment but does not indicate any change in board composition or control.

Securities Analyst

TL;DR A small, routine insider purchase recorded; no material change to ownership or corporate control evident from this filing.

The Form 4 discloses a non-derivative acquisition of 6,255 common shares reported as director compensation. At the reported price of $2.198, the monetary value is discernible from the filing. The resulting beneficial ownership of 153,124 shares remains a single-digit or localized stake relative to a publicly traded REIT, suggesting limited market impact. The document contains no additional transactions or derivative positions.

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

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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^*

Keenan Walter C

(Last) (First) (Middle)

C/O LUMENT FINANCE TRUST, INC.

230 PARK AVENUE, 20TH 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	153,124	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.
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.

FAQ

What did LFT director Keenan Walter C report on the Form 4?

The Form 4 reports that Keenan Walter C acquired 6,255 common shares as director fees on 09/18/2025 at a reported price of $2.198 per share.

How many shares does Keenan Walter C beneficially own after the transaction?

After the reported transaction Keenan Walter C beneficially owned 153,124 shares of Lument Finance Trust, Inc.

Was the Form 4 filed individually or jointly?

The Form 4 was filed by one reporting person, indicated as an individual filing.

What is the stated reason for the share acquisition?

The filing explains the shares were issued as director fees paid in stock.

Who signed the Form 4 and when was it signed?

The Form 4 was signed by Michele Halickman, Attorney-in-Fact on 09/19/2025.