MARC H. BELL - 23 May 2023 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Director
Signature
/s/ Marc H. Bell
Issuer symbol
ARR
Transactions as of
23 May 2023
Transactions value $
$0
Form type
4
Filing time
25 May 2023, 17:09:04 UTC
Previous filing
23 Feb 2023
Next filing
01 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARR Common Stock, par value $0.001 per share Options Exercise $0 +2,400 +3.8% $0 64,894 23 May 2023 Direct F1
transaction ARR Common Stock, par value $0.001 per share Options Exercise $0 +3,500 +5.4% $0 68,394 23 May 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ARR Phantom Stock Options Exercise $0 -2,400 -2.6% $0 90,250 23 May 2023 Common Stock 2,400 Direct F1, F3
transaction ARR Phantom Stock Options Exercise $0 -3,500 -3.9% $0 86,750 23 May 2023 Common Stock 3,500 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 23, 2023, the reporting person elected to convert 2,400 of the 2,400 shares of vested phantom stock into 2,400 shares of ARMOUR common stock. The 2,400 shares are part of, and relate to, phantom stock vesting over five-year periods, which was reported on Form 4 reports filed by the reporting person on January 16, 2020, and February 14, 2023 and phantom stock vesting over a six-and-a-half year period, which was reported on a Form 4 report filed by the reporting person on January 14, 2021.
F2 On May 23, 2023, the reporting person elected to convert 3,500 of the 3,500 shares of vested phantom stock into 3,500 shares of ARMOUR common stock. The 3,500 shares are part of, and relate to, phantom stock vesting over five-year periods, which was reported on Form 4 reports filed by the reporting person on January 16, 2020, January 14, 2021 and February 14, 2023.
F3 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.