David L. Finkelstein - Feb 1, 2025 Form 4 Insider Report for ANNALY CAPITAL MANAGEMENT INC (NLY)

Role: CEO and Co-CIO, Director
Signature: /s/ Anthony C. Green, as Attorney-in-Fact for David L. Finkelstein
Stock symbol: NLY
Transactions as of: Feb 1, 2025
Transactions value $: $2,449,649
Form type: 4
Date filed: 2/4/2025, 06:04 PM
Previous filing: Oct 29, 2024
Next filing: Feb 11, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NLY	Common Stock	Tax liability	-$2.29M	-112K	-18.49%	$20.41	495K	Feb 1, 2025	Direct	F1, F2
transaction	NLY	Common Stock	Award	$4.74M	+232K	+46.92%	$20.41	727K	Feb 1, 2025	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting on February 1, 2025 of restricted stock unit ("RSU") awards previously granted on February 1, 2022, February 1, 2023 and February 1, 2024.
F2	Dividend equivalent units ("DEUs") issued on RSUs are included in the reporting person's common stock holding balance. Each DEU is the economic equivalent of one share of common stock of Annaly Capital Management, Inc. and payable in one share for each whole DEU.
F3	Represents RSUs granted pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of common stock of Annaly Capital Management, Inc., par value $0.01 per share. The RSUs vest ratably over three years beginning on the one-year anniversary of the grant date (subject to accelerated vesting under certain circumstances).