Sreeniwas Prabhu - 14 May 2025 Form 4/A - Amendment Insider Report for Angel Oak Financial Strategies Income Term Trust (FINS)

Reporting relationship: Investment Adviser Principal
Issuer ticker: FINS
Reported as of: 14 May 2025
Net transaction value: +$548,952
SEC form: 4/A - Amendment
Accepted by SEC: 16 May 2025, 08:48:21 UTC
Original report date: 16 May 2025
Prior SEC filing: 04 Oct 2022
Next SEC filing: 30 Jan 2026
Source filing: View source filing
Reporting owner signature: Chase Eldredge

Key filing fact

Sreeniwas Prabhu filed Form 4/A - Amendment for Angel Oak Financial Strategies Income Term Trust (FINS) on 16 May 2025.

Key facts

This page summarizes Sreeniwas Prabhu's Form 4/A - Amendment filing for Angel Oak Financial Strategies Income Term Trust (FINS).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 16 May 2025, 08:48.

Change

Previous filing in this sequence was filed on 04 Oct 2022.
Current net transaction value: +$548,952.

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

Ownership activity is grounded in SEC Form 4/A - Amendment disclosures.

View source filing

Reporting Owners (1)

CIK 0001724113 Primary reporting owner

Prabhu Sreeniwas

Relationship: Investment Adviser Principal
Address: C/O ANGEL OAK CAPITAL ADVISORS, 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA
Signature: Chase Eldredge
Signature date: 16 May 2025

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: $548,952
Shares: +41,493
Change %: +33%
Price: $13.23
Shares after: 165,977
Date: 14 May 2025
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: -124,484
Change %: -100%
Price
Shares after: 0
Date: 14 May 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 41,493
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 April 21, 2025 (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 May 14, 2025.

Footnote F2

The final subscription price of $13.23 per Common Share was determined based upon the terms of the Offer. Record Date Shareholders who exercised all of their primary subscription Rights (other than those Rights to acquire less than one Common Share that could not be exercised) 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 Common Shares they owned on Record Date. 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.