Form 4 for ARR Armour Residential REIT, Inc.

Accepted 2023-05-25 00:00:00 ET · period of report 2023-05-23 · accession 0001428205-23-000114 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2023-05-25	2023-05-23	ARR	MOUNTAIN JAMES R	CFO	M - OptEx	$0.00	+9,300	90.0K	+12%	$0
D	2023-05-25	2023-05-23	ARR	MOUNTAIN JAMES R	CFO	D - Sale to Iss	$4.82	-3,700	86.3K	-4%	-$17.8K
D	2023-05-25	2023-05-23	ARR	MOUNTAIN JAMES R	CFO	M - OptEx	$0.00	-9,300	183.0K	-5%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock, par value $0.001 per share	2023-05-23	M	A	9,300	$0.00	90,010	D	—	—
2	Common	Common Stock, par value $0.001 per share	2023-05-23	D	D	3,700	$4.82	86,310	D	—	—
3	Derivative	Phantom Stock	2023-05-23	M	D	9,300	$0.00	183,000	D	— · — to —	9,300 Common Stock	(F1) On May 23, 2023, the reporting person elected to convert 5,600, of the 9,300 shares of vested phantom stock into 5,600 shares of ARMOUR common stock. The reporting person elected to convert the remaining 3,700 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 9,300 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, phantom stock vesting over a seven-and-a-half year period, which were reported on a Form 4 report filed by the reporting person on January 14, 2021 and February 16, 2023. (F2) Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.