Scott Ulm - Feb 21, 2025 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
CEO, Director
Signature
/s/ Scott J. Ulm
Stock symbol
ARR
Transactions as of
Feb 21, 2025
Transactions value $
-$25,607
Form type
4
Date filed
2/25/2025, 04:50 PM
Previous filing
Nov 22, 2024
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 +3.38K +5.22% $0.00 68.1K Feb 21, 2025 Direct F1
transaction ARR Common Stock, par value $0.001 per share Tax liability -$25.6K -1.35K -1.99% $18.94 66.7K Feb 21, 2025 Direct F1

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 -3.38K -6.29% $0.00 50.4K Feb 21, 2025 Common Stock 3.38K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 21, 2025, the reporting person elected to convert 2,028 of the 3,380 shares of vested phantom stock into 2,028 shares of ARMOUR common stock. The reporting person elected to convert the remaining 1,352 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 3,380 shares are part of, and relate to 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 and phantom stock vesting over a seven-year period, which was reported on a Form 4 report filed by the reporting person on February 16, 2023.
F2 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.