Fierman Michael 4

What Happened
Michael Fierman, an Investment Adviser Principal for Angel Oak Financial Strategies Income Term Trust (ticker: FINS), made three open-market purchases (Code P) totaling 16,220 shares for roughly $214,088. Transactions: 313 shares @ $13.15 on 2025-11-06 ($4,116); 15,898 shares @ $13.20 on 2025-11-07 ($209,854); and 9 shares @ $13.09 on 2025-12-12 (~$118). These were purchases (buying stock), which investors often view as a more informative, potentially bullish signal than routine sales.

Key Details

• Transaction dates & prices: 2025-11-06 (313 @ $13.15), 2025-11-07 (15,898 @ $13.20), 2025-12-12 (9 @ $13.09).
• Total acquired: 16,220 shares for about $214,088.
• Filing date: Form 4 filed 2026-01-30 covering the Nov–Dec 2025 trades; this is later than the usual 2-business-day reporting window, so the filing appears to be late.
• Shares owned after the transactions: not specified in the provided details (check the full Form 4 for post-transaction ownership).
• Notes/footnotes: none provided in the summary excerpt; transactions coded P (purchase), open market/private.

Context
These were straightforward purchases of common stock (not option exercises, grants, or gifts). As an investment adviser principal rather than a company executive or 10% owner, Fierman’s purchases reflect his firm’s investment activity rather than insider control changes. For full disclosure details (exact post-transaction holdings, any footnotes, or broker info), review the complete SEC Form 4 (Accession 0001724044-26-000001).