Company: AOMN
Filing Date: 2025-05-16
Form Type: 424B5
Source: 0001104659-25-050029
Chunk: 22

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-05-16
Form: 424B5
Chunk 22
---
 net proceeds from this offering for general corporate purposes, which may include the acquisition of non-QM loans and other target assets primarily sourced from Angel Oak Mortgage Lending or other target assets through the secondary market in a manner consistent with our strategy and investment guidelines.

<div align='center'>S-14</div>

TABLE OF CONTENTS

### DESCRIPTION OF THE NOTES
We will issue the notes under an indenture dated as of July 25, 2024 (the “base indenture”), among us, the Guarantor and U.S. Bank Trust Company, National Association, as trustee (the “trustee”), as supplemented by a second supplemental indenture establishing the terms of the notes (the “supplemental indenture”). We refer to the base indenture and the supplemental indenture, collectively, as the “indenture” in this prospectus supplement. The terms of the notes include those expressly set forth in the indenture and those made part of the indenture by reference to the Trust Indenture Act.

You may request a copy of the indenture from us as described below under “Where You Can Find More Information.”

The following description is a summary of the material provisions of the notes and (solely as it applies to the notes) the indenture and does not purport to be complete. This summary is subject to, and is qualified by reference to, all the provisions of the notes and the indenture, including the definitions of certain terms used in the indenture. We urge you to read these documents because they, and not this description, define your rights as a holder of the notes.

This description of the notes supplements and, to the extent it is inconsistent with, replaces the description of the general provisions of the debt securities and the base indenture in the accompanying prospectus. For purposes of this description, references to “we,” “our,” “our company” and “us” refer solely to Angel Oak Mortgage REIT, Inc. and not to its subsidiaries. References to the “Guarantor” refer to Angel Oak Mortgage Operating Partnership, LP and not to any of its subsidiaries.

#### General
The notes will be a single series under the indenture, initially in the aggregate principal amount of $40,000,000 ($46,000,000 if the underwriters’ over-allotment option to purchase additional notes is exercised in full). The notes will be issued only in fully registered form without coupons, in minimum denominations of $25 and integral multiples of $25 in excess thereof. The