LFT Form 4: Director Receives 11,374 Shares as Stock Compensation

Rhea-AI Filing Summary

Lument Finance Trust director James Christopher Hunt acquired 11,374 shares of common stock on 09/18/2025 at a price of $2.198 per share as payment for director fees. After the transaction he beneficially owned 652,263 shares. The filing is a Form 4 reporting the non-derivative acquisition and indicates the shares were issued as director compensation. The document is signed by an attorney-in-fact on 09/19/2025 and contains no other transactions or derivative holdings.

Positive

• Director alignment with shareholders via receipt of stock as director fees is explicitly reported
• Clear, single non-derivative transaction showing acquisition of 11,374 shares at $2.198 per share

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation paid in stock, modestly increasing insider alignment without indicating material change.

The Form 4 shows a single non-derivative acquisition of 11,374 common shares by a company director as payment for director fees. Such issuances are standard practice to conserve cash and align directors with shareholder interests. The post-transaction beneficial ownership of 652,263 shares provides context on the director's stake size. There are no disclosed derivative positions, amendments, or other unusual terms in this filing.

Securities Analyst

TL;DR: Non-material insider purchase via compensation; transactional details are clear and routine.

The report identifies the acquisition price of $2.198 per share and records the transaction date as 09/18/2025. Because the filing reflects director fees paid in stock rather than an open-market purchase, it is primarily a compensation disclosure rather than a signal of additional capital commitment. The filing does not disclose any sales, options, or conversions that would materially affect share count beyond the reported amount.

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^*

Hunt James Christopher

(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		11,374	A(1)	$2.198	652,263	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 Lument Finance Trust insider James Christopher Hunt report on Form 4?

The filing discloses a non-derivative acquisition of 11,374 common shares on 09/18/2025 as director fees.

At what price were the LFT shares issued to the director?

The shares were acquired at a price of $2.198 per share.

How many LFT shares does the reporting person own after the transaction?

The reporting person beneficially owned 652,263 shares following the reported transaction.

Was this Form 4 transaction cash compensation or stock-based compensation?

The filing's explanation states this was director fees paid in stock.

Does the Form 4 show any derivative securities or other transactions?

No. The filing lists only a single non-derivative acquisition and contains no derivative securities or additional transactions.