01/06/2025 | Press release | Distributed by Public on 01/06/2025 15:36
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |
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 control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: 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 |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Singh Manmohan C/O ANGEL OAK COMPANIES 3344 PEACHTREE RD. NE, SUITE 1725 ATLANTA, GA 30326 |
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/s/ Manmohan Singh | 01/06/2025 |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Received as director fees. Vests on January 2, 2026, subject to earlier vesting under certain circumstances. |
(2) | Includes 3,489 unvested shares received as director fees. Such shares vest on January 2, 2026, subject to earlier vesting under certain circumstances. |
(3) | Funds managed by Angel Oak Capital Advisors ("AOCA") hold 243,856 shares of common stock of the Issuer and warrants for the purchase of 275,669 shares of common stock of the Issuer. Mr. Singh serves as Group Chief Financial Officer and Head of Corporate Development of Angel Oak Companies, which is the parent of AOCA. Mr. Singh disclaims beneficial ownership of such securities. |