Fierman Michael

SEC source: 0001766478-26-000056 · wk-form4_1790630638.xml · nonDerivative · entry 2

Fierman Michael · CIK 0001724044 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 105,247

F2 · price: The price reported in Column 4 is a weighted average price. Upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price will be provided.

SEC source: 0001724044-26-000001 · primary_doc.xml · nonDerivative · entry 3

Fierman Michael · CIK 0001724044 · INVESTMENT ADVISER PRINCIPAL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 125,420

SEC source: 0001724044-26-000001 · primary_doc.xml · nonDerivative · entry 2

Fierman Michael · CIK 0001724044 · INVESTMENT ADVISER PRINCIPAL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 125,411

SEC source: 0001724044-26-000001 · primary_doc.xml · nonDerivative · entry 1

Fierman Michael · CIK 0001724044 · INVESTMENT ADVISER PRINCIPAL

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 109,513

SEC source: 0001724044-25-000004 · primary_doc.xml · nonDerivative · entry 6

Fierman Michael · CIK 0001724044 · Investment Adviser Principal

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 109,200

SEC source: 0001724044-25-000004 · primary_doc.xml · nonDerivative · entry 5

Fierman Michael · CIK 0001724044 · Investment Adviser Principal

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 109,134

SEC source: 0001724044-25-000004 · primary_doc.xml · nonDerivative · entry 4

Fierman Michael · CIK 0001724044 · Investment Adviser Principal

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 109,131

SEC source: 0001724044-25-000004 · primary_doc.xml · nonDerivative · entry 3

Fierman Michael · CIK 0001724044 · Investment Adviser Principal

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 109,008

SEC source: 0001724044-25-000004 · primary_doc.xml · nonDerivative · entry 2

Fierman Michael · CIK 0001724044 · Investment Adviser Principal

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 108,997

SEC source: 0001724044-25-000003 · primary_doc.xml · derivative · entry 2

Fierman Michael · CIK 0001724044 · Investment Adviser Principal

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 27,243 shares

Expires 2025-05-14

F1 · security: Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) (the Fund) issued transferable rights (Rights) to the holders of the Fund's common shares (Common Shareholders) of beneficial interest (Common Shares) as of April 21, 2025 (the Record Date). Holders of Rights were entitled to subscribe for additional Shares (the Offer) at a discount to the market price of the Common Shares. The Fund distributed to Common Shareholders of record as of the record date (Record Date Shareholders) one Right for each Common Share held on the Record Date. Record Date Shareholders were entitled to purchase one new Common Share for every three Rights held (1 for 3); however, any Record Date Common Shareholder who owned fewer than three Common Shares as of the Record Date was entitled to subscribe for one Common Share. Fractional Common Shares were not issued. The subscription period commenced on the Record Date and expired on May 14, 2025.

F2 · security: The final subscription price of $13.23 per Common Share was determined based upon the terms of the Offer. Record Date Shareholders who exercised all of their primary subscription Rights (other than those Rights to acquire less than one Common Share that could not be exercised) were eligible for an over-subscription privilege entitling Record Date Shareholders to subscribe for additional Common Shares not purchased pursuant to the primary subscription. The Offer was over-subscribed. The over-subscription requests exceeded the over-subscription shares available. Accordingly, the shares subscribed for pursuant to the over-subscription privilege of the Offer will be allocated pro rata among those fully exercising record date shareholders who over-subscribed based on the number of Common Shares they owned on Record Date. The Common Shares subscribed for will be issued after completion of the pro rata allocation of over-subscription shares and receipt of all shareholder payments.

F1 · derivative.exercise_price: Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) (the Fund) issued transferable rights (Rights) to the holders of the Fund's common shares (Common Shareholders) of beneficial interest (Common Shares) as of April 21, 2025 (the Record Date). Holders of Rights were entitled to subscribe for additional Shares (the Offer) at a discount to the market price of the Common Shares. The Fund distributed to Common Shareholders of record as of the record date (Record Date Shareholders) one Right for each Common Share held on the Record Date. Record Date Shareholders were entitled to purchase one new Common Share for every three Rights held (1 for 3); however, any Record Date Common Shareholder who owned fewer than three Common Shares as of the Record Date was entitled to subscribe for one Common Share. Fractional Common Shares were not issued. The subscription period commenced on the Record Date and expired on May 14, 2025.

F2 · derivative.exercise_price: The final subscription price of $13.23 per Common Share was determined based upon the terms of the Offer. Record Date Shareholders who exercised all of their primary subscription Rights (other than those Rights to acquire less than one Common Share that could not be exercised) were eligible for an over-subscription privilege entitling Record Date Shareholders to subscribe for additional Common Shares not purchased pursuant to the primary subscription. The Offer was over-subscribed. The over-subscription requests exceeded the over-subscription shares available. Accordingly, the shares subscribed for pursuant to the over-subscription privilege of the Offer will be allocated pro rata among those fully exercising record date shareholders who over-subscribed based on the number of Common Shares they owned on Record Date. The Common Shares subscribed for will be issued after completion of the pro rata allocation of over-subscription shares and receipt of all shareholder payments.

F1 · price: Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) (the Fund) issued transferable rights (Rights) to the holders of the Fund's common shares (Common Shareholders) of beneficial interest (Common Shares) as of April 21, 2025 (the Record Date). Holders of Rights were entitled to subscribe for additional Shares (the Offer) at a discount to the market price of the Common Shares. The Fund distributed to Common Shareholders of record as of the record date (Record Date Shareholders) one Right for each Common Share held on the Record Date. Record Date Shareholders were entitled to purchase one new Common Share for every three Rights held (1 for 3); however, any Record Date Common Shareholder who owned fewer than three Common Shares as of the Record Date was entitled to subscribe for one Common Share. Fractional Common Shares were not issued. The subscription period commenced on the Record Date and expired on May 14, 2025.

F2 · price: The final subscription price of $13.23 per Common Share was determined based upon the terms of the Offer. Record Date Shareholders who exercised all of their primary subscription Rights (other than those Rights to acquire less than one Common Share that could not be exercised) were eligible for an over-subscription privilege entitling Record Date Shareholders to subscribe for additional Common Shares not purchased pursuant to the primary subscription. The Offer was over-subscribed. The over-subscription requests exceeded the over-subscription shares available. Accordingly, the shares subscribed for pursuant to the over-subscription privilege of the Offer will be allocated pro rata among those fully exercising record date shareholders who over-subscribed based on the number of Common Shares they owned on Record Date. The Common Shares subscribed for will be issued after completion of the pro rata allocation of over-subscription shares and receipt of all shareholder payments.

SEC source: 0001724044-25-000003 · primary_doc.xml · nonDerivative · entry 1

Fierman Michael · CIK 0001724044 · Investment Adviser Principal

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 108,976

SEC source: 0001724044-25-000002 · primary_doc.xml · derivative · entry 2

Fierman Michael · CIK 0001724044 · Investment Adviser Principal

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 27,243 shares

Expires 2025-05-14

F1 · security: Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) (the Fund) issued transferable rights (Rights) to the holders of the Fund's common shares (Common Shareholders) of beneficial interest (Common Shares) as of April 21, 2025 (the Record Date). Holders of Rights were entitled to subscribe for additional Shares (the Offer) at a discount to the market price of the Common Shares. The Fund distributed to Common Shareholders of record as of the record date (Record Date Shareholders) one Right for each Common Share held on the Record Date. Record Date Shareholders were entitled to purchase one new Common Share for every three Rights held (1 for 3); however, any Record Date Common Shareholder who owned fewer than three Common Shares as of the Record Date was entitled to subscribe for one Common Share. Fractional Common Shares were not issued. The subscription period commenced on the Record Date and expired on May 14, 2025.

F2 · security: The final subscription price of $13.23 per Common Share was determined based upon the terms of the Offer. Record Date Shareholders who exercised all of their primary subscription Rights (other than those Rights to acquire less than one Common Share that could not be exercised) were eligible for an over-subscription privilege entitling Record Date Shareholders to subscribe for additional Common Shares not purchased pursuant to the primary subscription. The Offer was over-subscribed. The over-subscription requests exceeded the over-subscription shares available. Accordingly, the shares subscribed for pursuant to the over-subscription privilege of the Offer will be allocated pro rata among those fully exercising record date shareholders who over-subscribed based on the number of Common Shares they owned on Record Date. The Common Shares subscribed for will be issued after completion of the pro rata allocation of over-subscription shares and receipt of all shareholder payments.

F1 · derivative.exercise_price: Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) (the Fund) issued transferable rights (Rights) to the holders of the Fund's common shares (Common Shareholders) of beneficial interest (Common Shares) as of April 21, 2025 (the Record Date). Holders of Rights were entitled to subscribe for additional Shares (the Offer) at a discount to the market price of the Common Shares. The Fund distributed to Common Shareholders of record as of the record date (Record Date Shareholders) one Right for each Common Share held on the Record Date. Record Date Shareholders were entitled to purchase one new Common Share for every three Rights held (1 for 3); however, any Record Date Common Shareholder who owned fewer than three Common Shares as of the Record Date was entitled to subscribe for one Common Share. Fractional Common Shares were not issued. The subscription period commenced on the Record Date and expired on May 14, 2025.

F2 · derivative.exercise_price: The final subscription price of $13.23 per Common Share was determined based upon the terms of the Offer. Record Date Shareholders who exercised all of their primary subscription Rights (other than those Rights to acquire less than one Common Share that could not be exercised) were eligible for an over-subscription privilege entitling Record Date Shareholders to subscribe for additional Common Shares not purchased pursuant to the primary subscription. The Offer was over-subscribed. The over-subscription requests exceeded the over-subscription shares available. Accordingly, the shares subscribed for pursuant to the over-subscription privilege of the Offer will be allocated pro rata among those fully exercising record date shareholders who over-subscribed based on the number of Common Shares they owned on Record Date. The Common Shares subscribed for will be issued after completion of the pro rata allocation of over-subscription shares and receipt of all shareholder payments.

F1 · price: Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) (the Fund) issued transferable rights (Rights) to the holders of the Fund's common shares (Common Shareholders) of beneficial interest (Common Shares) as of April 21, 2025 (the Record Date). Holders of Rights were entitled to subscribe for additional Shares (the Offer) at a discount to the market price of the Common Shares. The Fund distributed to Common Shareholders of record as of the record date (Record Date Shareholders) one Right for each Common Share held on the Record Date. Record Date Shareholders were entitled to purchase one new Common Share for every three Rights held (1 for 3); however, any Record Date Common Shareholder who owned fewer than three Common Shares as of the Record Date was entitled to subscribe for one Common Share. Fractional Common Shares were not issued. The subscription period commenced on the Record Date and expired on May 14, 2025.

F2 · price: The final subscription price of $13.23 per Common Share was determined based upon the terms of the Offer. Record Date Shareholders who exercised all of their primary subscription Rights (other than those Rights to acquire less than one Common Share that could not be exercised) were eligible for an over-subscription privilege entitling Record Date Shareholders to subscribe for additional Common Shares not purchased pursuant to the primary subscription. The Offer was over-subscribed. The over-subscription requests exceeded the over-subscription shares available. Accordingly, the shares subscribed for pursuant to the over-subscription privilege of the Offer will be allocated pro rata among those fully exercising record date shareholders who over-subscribed based on the number of Common Shares they owned on Record Date. The Common Shares subscribed for will be issued after completion of the pro rata allocation of over-subscription shares and receipt of all shareholder payments.

SEC source: 0001724044-25-000002 · primary_doc.xml · nonDerivative · entry 1

Fierman Michael · CIK 0001724044 · Investment Adviser Principal

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 108,976

SEC source: 0001724044-25-000004 · primary_doc.xml · nonDerivative · entry 1

Fierman Michael · CIK 0001724044 · Investment Adviser Principal

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 108,996

SEC source: 0001724044-24-000001 · primary_doc.xml · nonDerivative · entry 1

Fierman Michael · CIK 0001724044 · Investment Adviser Principal

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 81,733

SEC source: 0001724044-21-000003 · primary_doc.xml · derivative · entry 2

Fierman Michael · CIK 0001724044 · Investment Adviser Principal

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 3,334 shares

Expires 2021-10-14

F1 · security: Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) (the Fund) issued transferable rights (Rights) to the holders of the Fund's common shares (Common Shareholders) of beneficial interest (Common Shares) as of September 20, 2021 (the Record Date). Holders of Rights were entitled to subscribe for additional Shares (the Offer) at a discount to the market price of the Common Shares. The Fund distributed to Common Shareholders of record as of the record date (Record Date Shareholders) one Right for each Common Share held on the Record Date. Record Date Shareholders were entitled to purchase one new Common Share for every three Rights held (1 for 3); however, any Record Date Common Shareholder who owned fewer than three Common Shares as of the Record Date was entitled to subscribe for one Common Share. Fractional Common Shares were not issued. The subscription period commenced on the Record Date and expired on October 14, 2021.

F2 · security: The final subscription price of $16.06 per Common Share was determined based upon the terms of the Offer. Record Date Shareholders who exercised all of their primary subscription Rights were eligible for an over-subscription privilege entitling Record Date Shareholders to subscribe for additional Common Shares not purchased pursuant to the primary subscription. The Offer was over-subscribed. The over-subscription requests exceeded the over-subscription shares available. Accordingly, the shares subscribed for pursuant to the over-subscription privilege of the Offer will be allocated pro rata among those fully exercising record date shareholders who over-subscribed based on the number of rights originally issued to them by the Fund. The Common Shares subscribed for will be issued after completion of the pro rata allocation of over-subscription shares and receipt of all shareholder payments.

F1 · derivative.exercise_price: Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) (the Fund) issued transferable rights (Rights) to the holders of the Fund's common shares (Common Shareholders) of beneficial interest (Common Shares) as of September 20, 2021 (the Record Date). Holders of Rights were entitled to subscribe for additional Shares (the Offer) at a discount to the market price of the Common Shares. The Fund distributed to Common Shareholders of record as of the record date (Record Date Shareholders) one Right for each Common Share held on the Record Date. Record Date Shareholders were entitled to purchase one new Common Share for every three Rights held (1 for 3); however, any Record Date Common Shareholder who owned fewer than three Common Shares as of the Record Date was entitled to subscribe for one Common Share. Fractional Common Shares were not issued. The subscription period commenced on the Record Date and expired on October 14, 2021.

F2 · derivative.exercise_price: The final subscription price of $16.06 per Common Share was determined based upon the terms of the Offer. Record Date Shareholders who exercised all of their primary subscription Rights were eligible for an over-subscription privilege entitling Record Date Shareholders to subscribe for additional Common Shares not purchased pursuant to the primary subscription. The Offer was over-subscribed. The over-subscription requests exceeded the over-subscription shares available. Accordingly, the shares subscribed for pursuant to the over-subscription privilege of the Offer will be allocated pro rata among those fully exercising record date shareholders who over-subscribed based on the number of rights originally issued to them by the Fund. The Common Shares subscribed for will be issued after completion of the pro rata allocation of over-subscription shares and receipt of all shareholder payments.

F1 · price: Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) (the Fund) issued transferable rights (Rights) to the holders of the Fund's common shares (Common Shareholders) of beneficial interest (Common Shares) as of September 20, 2021 (the Record Date). Holders of Rights were entitled to subscribe for additional Shares (the Offer) at a discount to the market price of the Common Shares. The Fund distributed to Common Shareholders of record as of the record date (Record Date Shareholders) one Right for each Common Share held on the Record Date. Record Date Shareholders were entitled to purchase one new Common Share for every three Rights held (1 for 3); however, any Record Date Common Shareholder who owned fewer than three Common Shares as of the Record Date was entitled to subscribe for one Common Share. Fractional Common Shares were not issued. The subscription period commenced on the Record Date and expired on October 14, 2021.

F2 · price: The final subscription price of $16.06 per Common Share was determined based upon the terms of the Offer. Record Date Shareholders who exercised all of their primary subscription Rights were eligible for an over-subscription privilege entitling Record Date Shareholders to subscribe for additional Common Shares not purchased pursuant to the primary subscription. The Offer was over-subscribed. The over-subscription requests exceeded the over-subscription shares available. Accordingly, the shares subscribed for pursuant to the over-subscription privilege of the Offer will be allocated pro rata among those fully exercising record date shareholders who over-subscribed based on the number of rights originally issued to them by the Fund. The Common Shares subscribed for will be issued after completion of the pro rata allocation of over-subscription shares and receipt of all shareholder payments.

SEC source: 0001724044-21-000003 · primary_doc.xml · nonDerivative · entry 1

Fierman Michael · CIK 0001724044 · Investment Adviser Principal

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,334

SEC source: 0001567619-21-012531 · doc1.xml · nonDerivative · entry 5

Fierman Michael · CIK 0001724044 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 66,521

SEC source: 0001567619-21-012531 · doc1.xml · nonDerivative · entry 4

Fierman Michael · CIK 0001724044 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 41,521

F4 · kind: These shares of restricted stock vest in three equal annual installments, commencing on the one-year anniversary of the grant date, subject to the reporting person's continued service to the Issuer through the applicable vesting date.

SEC source: 0001567619-21-012531 · doc1.xml · nonDerivative · entry 2

Fierman Michael · CIK 0001724044 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Angel Oak Mortgage Fund, LP

Disclosed balance after: 0

F2 · kind: In connection with the completion of Issuer's initial public offering, as part of the Issuer's formation transactions: (a) the Issuer declared a stock dividend that resulted in the issuance of 15,723,050 shares of common stock to Angel Oak Mortgage Fund, L.P.; (b) Angel Oak Mortgage Fund, L.P. distributed the 15,724,050 shares of common stock it owned to its partners pursuant to the terms of its limited partnership agreement; and (c) Angel Oak Mortgage Fund, L.P. was terminated.

F1 · ownership.direct: The reporting person is one of two members of Falcons I, LLC, the general partner of Angel Oak Mortgage Fund, L.P. and, accordingly, may be deemed to be the beneficial owner of the shares held by Angel Oak Mortgage Fund, L.P. The reporting person disclaims beneficial ownership of the shares of common stock held by Angel Oak Mortgage Fund, L.P., except to the extent of his pecuniary interest therein.

F1 · ownership.nature: The reporting person is one of two members of Falcons I, LLC, the general partner of Angel Oak Mortgage Fund, L.P. and, accordingly, may be deemed to be the beneficial owner of the shares held by Angel Oak Mortgage Fund, L.P. The reporting person disclaims beneficial ownership of the shares of common stock held by Angel Oak Mortgage Fund, L.P., except to the extent of his pecuniary interest therein.

SEC source: 0001567619-21-012531 · doc1.xml · nonDerivative · entry 1

Fierman Michael · CIK 0001724044 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Angel Oak Mortgage Fund, LP

Disclosed balance after: 15,724,050

F2 · kind: In connection with the completion of Issuer's initial public offering, as part of the Issuer's formation transactions: (a) the Issuer declared a stock dividend that resulted in the issuance of 15,723,050 shares of common stock to Angel Oak Mortgage Fund, L.P.; (b) Angel Oak Mortgage Fund, L.P. distributed the 15,724,050 shares of common stock it owned to its partners pursuant to the terms of its limited partnership agreement; and (c) Angel Oak Mortgage Fund, L.P. was terminated.

F1 · ownership.direct: The reporting person is one of two members of Falcons I, LLC, the general partner of Angel Oak Mortgage Fund, L.P. and, accordingly, may be deemed to be the beneficial owner of the shares held by Angel Oak Mortgage Fund, L.P. The reporting person disclaims beneficial ownership of the shares of common stock held by Angel Oak Mortgage Fund, L.P., except to the extent of his pecuniary interest therein.

F1 · ownership.nature: The reporting person is one of two members of Falcons I, LLC, the general partner of Angel Oak Mortgage Fund, L.P. and, accordingly, may be deemed to be the beneficial owner of the shares held by Angel Oak Mortgage Fund, L.P. The reporting person disclaims beneficial ownership of the shares of common stock held by Angel Oak Mortgage Fund, L.P., except to the extent of his pecuniary interest therein.

SEC source: 0001567619-21-013205 · doc1.xml · nonDerivative · entry 1

Fierman Michael · CIK 0001724044 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Falcons I, LLC

Disclosed balance after: 315,000

F1 · kind: This Form 4 amendment is being filed to report this purchase of common stock by Falcons I, LLC on June 21, 2021, which was inadvertently omitted from the Form 4 filed by the reporting person on June 23, 2021.

F2 · ownership.direct: The reporting person is one of two members of Falcons I, LLC and, accordingly, may be deemed to be the beneficial owner of the shares held by Falcons I, LLC. The reporting person disclaims beneficial ownership of the shares of common stock held by Falcons I, LLC, except to the extent of his pecuniary interest therein.

F2 · ownership.nature: The reporting person is one of two members of Falcons I, LLC and, accordingly, may be deemed to be the beneficial owner of the shares held by Falcons I, LLC. The reporting person disclaims beneficial ownership of the shares of common stock held by Falcons I, LLC, except to the extent of his pecuniary interest therein.

SEC source: 0001724044-21-000002 · primary_doc.xml · nonDerivative · entry 2

Fierman Michael · CIK 0001724044 · Investment Adviser Principal

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,000

SEC source: 0001724044-21-000002 · primary_doc.xml · nonDerivative · entry 1

Fierman Michael · CIK 0001724044 · Investment Adviser Principal

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,832

SEC source: 0001724044-21-000001 · primary_doc.xml · nonDerivative · entry 1

Fierman Michael · CIK 0001724044 · Investment Adviser Principal

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,000

SEC source: 0001724044-20-000001 · primary_doc.xml · nonDerivative · entry 2

Fierman Michael · CIK 0001724044 · Investment Adviser Principal

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,151

SEC source: 0001724044-20-000001 · primary_doc.xml · nonDerivative · entry 1

Fierman Michael · CIK 0001724044 · Investment Adviser Principal

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 38,686