| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ARR | Common Stock, par value $0.001 per share | Options Exercise | $0 | +3,000 | +12% | $0.000000 | 28,855 | 23 Nov 2021 | Direct | F1 |
| transaction | ARR | Common Stock, par value $0.001 per share | Disposed to Issuer | $8,864 | -875 | -3% | $10.13 | 27,980 | 23 Nov 2021 | Direct | F1 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ARR | Phantom Stock | Options Exercise | $0 | -3,000 | -8.8% | $0.000000 | 30,900 | 23 Nov 2021 | Common Stock | 3,000 | Direct | F1, F2 |
| Id | Content |
|---|---|
| F1 | On November 23, 2021, the reporting person elected to convert 2,125 out of 3,000 shares of vested phantom stock into 2,125 shares of ARMOUR common stock. The person elected to convert the remaining 875 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 2,125 shares are part of, and relate to, phantom stock vesting over a period of approximately five years, which was reported on a Form 4 report filed by the reporting person on November 22, 2017, phantom stock vesting over a period of approximately two years, which was reported on a Form 4 report filed by the reporting person on January 16, 2020 and phantom stock vesting over a period of approximately five years, which was reported on a Form 4 report filed by the person on January 14, 2021. |
| F2 | Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock. |