MINAMI W D 4

What Happened
W.D. Minami, a director of Angel Oak Mortgage REIT (AOMR), was granted 11,737 shares of unvested restricted stock on May 13, 2026. The grant is reported at $8.52 per share for a total value of $99,999. This transaction is an award/grant (Form 4 transaction code A), an acquisition of equity rather than a market purchase.

Key Details

• Transaction date: 2026-05-13; Filing date: 2026-05-14 (appears timely).
• Grant: 11,737 restricted shares at $8.52 per share; total reported value $99,999.
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: The 11,737 shares are unvested restricted stock that vest on May 13, 2027, subject to continued service (Footnote F1).
• Transaction type: Award/Grant (code A) — typically part of director compensation, not an open-market buy or sell.

Context
Unvested restricted stock cannot typically be sold until it vests; the grant reflects compensation/accrual of ownership rather than an immediate investment decision. Such awards are common for directors and do not by themselves indicate a change in sentiment about the company’s stock.