Angel Oak Mortgage REIT, Inc. 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS Issuer Purchases of Equity Securities The following table sets forth information about common stock purchases by or on behalf of the Company pursuant to the 10b5-1 Plan (as defined below) during the three months ended June 30, 2022: Month Total number of shares purchased (1) Average price paid per share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs April 1, 2022 to April 30, 2022 113,905 $ 16.40 113,905 $ 15,459,503 May 1, 2022 to May 31, 2022 76,036 $ 14.89 76,036 $ 14,327,041 June 1, 2022 to June 30, 2022 — $ — — $ 14,327,041 Totals / Averages 189,941 $ 15.79 — $ 14,327,041 (1) In June 2021, the Company entered into a 10b5-1 stock repurchase plan (the “10b5-1 Plan”) with Wells Fargo Securities LLC, pursuant to which Wells Fargo Securities, LLC, as our agent, committed to buy in the open market up to $25.0 million in shares of our common stock in the aggregate during the period beginning on the date that is four full calendar weeks from the closing of the IPO and ending 12 months thereafter (i.e., July 18, 2022), unless terminated sooner as specified in the 10b5-1 Plan, including if all the capital committed to the 10b5-1 Plan has been exhausted prior thereto, and otherwise on the terms set forth in the 10b5-1 Plan. All shares purchased were purchased as part of the publicly-announced 10b5-1 Plan described above. As of July 18, 2022, 642,513 total shares had been purchased under the 10b-5-1 Plan during its existence. The 10b-5-1 Plan expired in accordance with its terms on July 18, 2022 and has not been renewed. Unregistered Sales of Equity Securities There were no unregistered sales of equity securities during the quarter ended June 30, 2022. ITEM 3. DEFAULTS UPON SENIOR SECURITIES None. ITEM 4. MINE SAFETY DISCLOSURES Not applicable.