HOULIHAN WILLIAM A 4

What Happened William A. Houlihan, a director of Lument Finance Trust, reported two open-market purchases on Form 4. On May 20, 2026 he bought 10,000 shares at $1.14 each ($11,400). On May 21, 2026 he bought another 10,000 shares at $1.19 each ($11,900). Total reported purchases: 20,000 shares for $23,300. These were purchases (transaction code P), which investors often view as a more bullish signal than sales, though they do not guarantee future performance.

Key Details

• Transactions: May 20, 2026 — 10,000 shares @ $1.14 ($11,400); May 21, 2026 — 10,000 shares @ $1.19 ($11,900).
• Total acquired: 20,000 shares for $23,300.
• Transaction code: P = Purchase; reported as open-market purchases on the Form 4.
• Shares owned after the transactions: not specified in the supplied filing details—see the full Form 4 for post-transaction beneficial ownership.
• Filing timeliness: Form filed May 22, 2026 for transactions on May 20–21; this appears to be filed within the typical two-business-day Form 4 deadline.
• No 10b5‑1 plan, tax withholding, gift, or option-exercise footnotes were provided in the supplied summary.

Context The purchase size is modest (≈$23.3k) relative to most institutional positions. This was a straightforward open-market purchase, not an option exercise, award, or gift. Retail investors should view the transaction as a factual disclosure of insider buying; it may be one data point among many when assessing insider sentiment. For full context and any additional disclosures, consult the complete Form 4 filing (Accession: 0001185292-26-000009).