Director in Lument Finance Trust (NYSE: LFT) paid in stock grant

Rhea-AI Filing Summary

Keenan Walter C reported acquisition or exercise transactions in this Form 4 filing.

Lument Finance Trust, Inc. director Walter C. Keenan received a stock-based compensation award of 10,528 shares of common stock on March 30, 2026. The shares were granted as director fees paid in stock at $1.306 per share, rather than as cash compensation.

After this award, Keenan directly owns 207,644 shares of Lument Finance Trust common stock. This Form 4 reflects a routine equity grant for board service, with no open-market purchases or sales reported and no derivative securities activity disclosed.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Keenan Walter C

Role Director

Type	Security	Shares	Price	Value
Grant/Award	common stock	10,528	$1.306	$14K

Holdings After Transaction: common stock — 207,644 shares (Direct)

Footnotes (1)

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Key Figures

Shares granted: 10,528 shares Grant valuation price: $1.306 per share Shares owned after transaction: 207,644 shares +1 more

4 metrics

Shares granted 10,528 shares Director fees paid in stock on March 30, 2026

Grant valuation price $1.306 per share Value used for the 10,528-share director award

Shares owned after transaction 207,644 shares Director’s direct LFT common stock holdings post-award

Transaction code A (grant/award acquisition) Indicates equity award, not open-market trade

Key Terms

Director fees paid in stock, grant/award acquisition, common stock, Form 4

4 terms

Director fees paid in stock financial

"Director fees paid in stock"

grant/award acquisition financial

"transaction_action": "grant/award acquisition""

common stock financial

""security_title": "common stock""

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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^*

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)
03/30/2026

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	03/30/2026		A		10,528	A(1)	$1.306	207,644	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	04/01/2026
	** 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 did LFT director Walter C. Keenan report in this Form 4?

Walter C. Keenan reported receiving 10,528 shares of Lument Finance Trust common stock as a director fee paid in stock. This award reflects stock-based compensation for board service, not an open-market purchase or sale of shares.

How many Lument Finance Trust (LFT) shares were granted to the director?

The director received 10,528 shares of Lument Finance Trust common stock. These shares were issued as director fees paid in stock, representing compensation for board service under the company’s equity-based compensation practices.

At what price were the LFT shares valued in the director’s stock grant?

The 10,528 shares granted to the director were valued at $1.306 per share. This price is used to calculate the value of the stock-based director fees, even though this was an equity award rather than an open-market trade.

How many LFT shares does Walter C. Keenan own after this transaction?

Following the stock-based director fee award, Walter C. Keenan directly owns 207,644 shares of Lument Finance Trust common stock. This figure reflects his position after the 10,528-share grant reported in the Form 4 filing.

Was this LFT Form 4 transaction a market buy or sell of shares?

No, this Form 4 does not show a market buy or sell. It reports a grant of 10,528 shares of common stock as director fees paid in stock, classified as a grant or award acquisition rather than an open-market transaction.