Angel Oak Mortgage REIT Inc 2025年度报告

April 1, 2026 Dear Stockholder: You are cordially invited to attend the 2026 annual meeting of stockholders of Angel Oak Mortgage REIT, Inc. Themeeting will be held on Wednesday, May 13, 2026, at 10:00 a.m., Eastern Time, at 980 Hammond Drive, Suite 125, Atlanta,Georgia 30328. The attached proxy statement, with the accompanying notice of the meeting, describes the matters expected to beconsidered and voted upon at the meeting. We urge you to review these materials carefully and to take part in the affairs of ourcompany by voting on the matters described in the accompanying proxy statement. Your vote is important. Whether you plan to attend the meeting or not, please return a completed proxy card or votinginstruction form as promptly as possible or authorize your proxy on the internet or by calling the toll-free telephone numberprovided in the proxy materials. The attached proxy statement contains instructions regarding these methods of voting, as wellas information if you plan to attend the annual meeting in person. We look forward to your participation. Sreeniwas PrabhuChief Executive Officer and President FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2025 �TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________Commission file number 001-40495 Angel Oak Mortgage REIT, Inc. (Exact name of registrant as specified in its charter) 37-1892154 (I.R.S. Employer Identification No.) 980 Hammond Drive, Suite 200, Atlanta, Georgia 30328(Address of Principal Executive Offices and Zip Code) 404-953-4900Registrant’s telephone number, including area code Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☐No☒Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 duringthe preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements forthe past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company”in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒Emerging growth company☐If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal controlover financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued itsaudit report.☐If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filingreflect the correction of an error to previously issued financial statements.☐Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received byany of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒As of June 30, 2025 (the last business day of the registrant’s most recently completed second fiscal quarter) the aggregate market value of the registrant’scommon stock held by non-affiliates of the registrant was $123.7 million based on the closing sale price as reported on the New York Stock Exchange. The number of shares of the registrant’s common stock outstanding on March 3, 2026 was 24,914,647. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive Proxy Statement to be filed with the Securities and Exchange Commission under Regulation 14A wit