Andrew I. Gray - May 23, 2025 Form 4 Insider Report for DYNEX CAPITAL INC (DX)

Role: Director
Signature: /s/ Michael Angelo, as attorney-in-fact for Andrew I. Gray
Stock symbol: DX
Transactions as of: May 23, 2025
Transactions value $: $0
Form type: 4
Date filed: 5/28/2025, 05:57 PM
Previous filing: May 20, 2024
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Gray Andrew I.	Director	C/O DYNEX CAPITAL, INC., 4991 LAKE BROOK DRIVE, SUITE 100, GLEN ALLEN	/s/ Michael Angelo, as attorney-in-fact for Andrew I. Gray	2025-05-28	0002016111

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DX	Common Stock	Award	$0	+10.5K	+110.84%	$0.00	20.1K	May 23, 2025	Direct	F1
transaction	DX	Common Stock	Award	$0	+1.67K	+8.3%	$0.00	21.7K	May 23, 2025	Direct	F2

Showing 1 to 2 of 2 entries

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

Explanation of Responses:

Id	Content
F1	Restricted stock units awarded under the Dynex Capital, Inc. 2025 Stock and Incentive Plan. The units will vest on May 23, 2026.
F2	Restricted stock units that vest on the date of grant. These restricted stock units are to compensate Directors for service from the date appointed to the Board through the date of the Director's first annual equity grant.