Sudhanshu Thakkar - Dec 15, 2023 Form 4 Insider Report for CHIMERA INVESTMENT CORP (CIM)

Signature
/s/ Sudhanshu Thakkar
Stock symbol
CIM
Transactions as of
Dec 15, 2023
Transactions value $
-$4,874
Form type
4
Date filed
12/19/2023, 04:33 PM
Previous filing
Mar 29, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIM Common Stock Tax liability -$4.87K -971 -0.79% $5.02 122K Dec 15, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares reported were withheld for payment of taxes associated with the vesting of prior grants of RSUs.
F2 Includes shares of the common stock of Chimera Investment Corporation (the "Chimera common stock") underlying restricted stock units ("RSUs"). Each RSU has the economic equivalent of one share of Chimera common stock. The RSUs are scheduled to vest one-third per year on the first, second and third anniversaries of the grant date and shall be settled 100% in shares of Chimera common stock. The reporting person does not intend to report the vesting of the RSUs nor the delivery of the shares of common stock. Dividend equivalent rights ("DERs") issued on RSUs are included in the reporting person's common stock holding balance. Each DER is the economic equivalent of one share of Chimera common stock.