Form 4: Angel Oak Financial Strategies Income Term Trust: Michael Fierman Reports Acquisition of Shares
SEC Form 4 Filing
Michael Fierman, an Investment Adviser Principal at Angel Oak Capital Advisors, reports acquiring 68,399 shares of Angel Oak Financial Strategies Income Term Trust (FINS) through a transfer from Angel Capital Partners II, LLC.
Summary
- On August 10, 2022, Michael Fierman acquired 68,399 shares of Angel Oak Financial Strategies Income Term Trust (FINS).
- The shares were transferred from Angel Capital Partners II, LLC, of which Mr. Fierman is an ultimate beneficial owner.
- The transaction price was $14.76 per share.
- Following the transaction, Mr. Fierman directly owns 81,733 shares of FINS.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC when an insider of a publicly traded company changes their beneficial ownership of the company's securities. It provides transparency to the market regarding the transactions of company insiders.
Related Party Transactions
- The transaction involved a transfer of shares from Angel Capital Partners II, LLC, an entity related to Michael Fierman.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 08/10/2022 | Date of the transaction where Michael Fierman acquired 68,399 shares of FINS. |
| 08/29/2024 | Date of signature on the report. |
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