Key facts
- This page summarizes John R. Hsu's Form 4 filing for Angel Oak Financial Strategies Income Term Trust (FINS).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 18 Oct 2021, 15:36.
John R. Hsu - 14 Oct 2021 Form 4 Insider Report for Angel Oak Financial Strategies Income Term Trust (FINS)
- Reporting relationship
- Secretary
- Issuer ticker
- FINS
- Reported as of
- 14 Oct 2021
- Net transaction value
- +$10,712
- Reporting owner signature
- Chase Eldredge
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
John R. Hsu filed Form 4 for Angel Oak Financial Strategies Income Term Trust (FINS) on 18 Oct 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: +$10,712.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
FINS
transaction
Common Stock
Exercise of in-the-money or at-the-money derivative security
- Transaction value
- $10,712
- Shares
- +667
- Change %
- +33%
- Price
- $16.06
- Shares after
- 2,667
- Date
- 14 Oct 2021
- Ownership
- Direct
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
FINS
transaction
Derivative
Transferable Subscription Right (right to buy)
Exercise of in-the-money or at-the-money derivative security
- Transaction value
- Shares
- -2,001
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 14 Oct 2021
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 667
- Exercise price
- Footnotes
- F1, F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 2 footnotes
Footnote F1
Angel Oak Financial Strategies Income Term Trust (NYSE: FINS) (the Fund) issued transferable rights (Rights) to the holders of the Fund's common shares (Common Shareholders) of beneficial interest (Common Shares) as of September 20, 2021 (the Record Date). Holders of Rights were entitled to subscribe for additional Shares (the Offer) at a discount to the market price of the Common Shares. The Fund distributed to Common Shareholders of record as of the record date (Record Date Shareholders) one Right for each Common Share held on the Record Date. Record Date Shareholders were entitled to purchase one new Common Share for every three Rights held (1 for 3); however, any Record Date Common Shareholder who owned fewer than three Common Shares as of the Record Date was entitled to subscribe for one Common Share. Fractional Common Shares were not issued. The subscription period commenced on the Record Date and expired on October 14, 2021.
Footnote F2
The final subscription price of $16.06 per Common Share was determined based upon the terms of the Offer. Record Date Shareholders who exercised all of their primary subscription Rights were eligible for an over-subscription privilege entitling Record Date Shareholders to subscribe for additional Common Shares not purchased pursuant to the primary subscription. The Offer was over-subscribed. The over-subscription requests exceeded the over-subscription shares available. Accordingly, the shares subscribed for pursuant to the over-subscription privilege of the Offer will be allocated pro rata among those fully exercising record date shareholders who over-subscribed based on the number of rights originally issued to them by the Fund. The Common Shares subscribed for will be issued after completion of the pro rata allocation of over-subscription shares and receipt of all shareholder payments.