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 September 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 July 1, 2022 to July 31, 2022 (2) 63,498 $ 13.63 63,498 $ — August 1, 2022 to August 31, 2022 — $ — — $ — September 1, 2022 to September 30, 2022 — $ — — $ — Totals / Averages 63,498 $ 13.63 63,498 $ — (1) In June 2021, the Company entered into a 10b5-1 stock repurchase plan (the “Stock Repurchase 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 Stock Repurchase Plan, including if all the capital committed to the Stock Repurchase Plan has been exhausted prior thereto, and otherwise on the terms set forth in the Stock Repurchase Plan. All shares purchased were purchased as part of the publicly-announced Stock Repurchase Plan described above. (2) The Stock Repurchase Plan expired in accordance with its terms on July 18, 2022, and 706,011 total shares had been purchased under the Stock Repurchase Plan during its existence, at an average price paid per share of $16.34. The Stock Repurchase Plan has not been renewed. Unregistered Sales of Equity Securities There were no unregistered sales of equity securities during the quarter ended September 30, 2022. ITEM 3. DEFAULTS UPON SENIOR SECURITIES None. ITEM 4. MINE SAFETY DISCLOSURES Not applicable.