Serena Wolfe - 01 Feb 2026 Form 4 Insider Report for ANNALY CAPITAL MANAGEMENT INC (NLY)

Role: Chief Financial Officer
Signature: /s/ Serena Wolfe
Issuer symbol: NLY
Transactions as of: 01 Feb 2026
Net transactions value: +$229,456
Form type: 4
Filing time: 03 Feb 2026, 20:01:38 UTC
Previous filing: 02 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Wolfe Serena	Chief Financial Officer	C/O ANNALY CAPITAL MANAGEMENT, INC., 1211 AVENUE OF THE AMERICAS, NEW YORK	/s/ Serena Wolfe	03 Feb 2026	0001796495

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NLY	Common Stock	Tax liability	$820,537	-35,660	-20%	$23.01	143,985	01 Feb 2026	Direct	F1, F2
transaction	NLY	Common Stock	Award	$1,049,992	+45,632	+32%	$23.01	189,617	01 Feb 2026	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, 2026 of restricted stock unit ("RSU") awards previously granted on February 1, 2023, February 1, 2024 and February 1, 2025.
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).