ROBIN JOSEPHS - 15 Jan 2026 Form 4 Insider Report for MFA FINANCIAL, INC. (MFA)

Role: Director
Signature: /s/ Harold E. Schwartz, by power of attorney
Issuer symbol: MFA
Transactions as of: 15 Jan 2026
Net transactions value: $0
Form type: 4
Filing time: 20 Jan 2026, 16:30:57 UTC
Previous filing: 17 Oct 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
JOSEPHS ROBIN	Director	C/O MFA FINANCIAL, INC., ONE VANDERBILT AVENUE, 48TH FLOOR, NEW YORK	/s/ Harold E. Schwartz, by power of attorney	20 Jan 2026	0001222801

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MFA	Common Stock	Options Exercise		+3,473	+11%		35,454	15 Jan 2026	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	MFA	Restricted Stock Units	Options Exercise		-3,473	-3.6%		92,790	15 Jan 2026	Common Stock	3,473		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Shares acquired pursuant to the settlement of restricted stock units ("RSUs") (i.e., phantom stock) granted to the Reporting Person in 2016, the settlement of which was deferred under the MFA Financial, Inc. 2003 Non-Employee Directors' Deferred Compensation Plan. Each phantom share was fully vested upon grant and was the economic equivalent of one share of common stock of MFA Financial, Inc.
F2	The reported disposition reflects the settlement of RSUs (i.e., phantom stock) granted to the Reporting Person in 2016. Each phantom share was the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc. See footnote 1 above.