Mark Gruber - 23 May 2022 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
CIO
Signature
/s/ Mark Gruber
Issuer symbol
ARR
Transactions as of
23 May 2022
Net transactions value
-$6,274
Form type
4
Filing time
25 May 2022, 17:15:38 UTC
Previous filing
25 Feb 2022
Next filing
25 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARR Common Stock Options Exercise $0 +4,050 +5.4% $0.000000 78,745 23 May 2022 Direct F1
transaction ARR Common Stock Disposed to Issuer $6,274 -856 -1.1% $7.33 77,889 23 May 2022 Direct

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 ARR Phantom Stock Options Exercise $0 -4,050 -11% $0.000000 33,700 23 May 2022 Common Stock 4,050 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 23, 2022, the reporting person elected to convert 3,194 shares of vested phantom stock into 3,194 shares of ARMOUR common stock. The 4,050 shares are part of, and relate to, phantom stock vesting over a five-year period, which was reported on a Form 4 filed by the reporting person on November 22, 2017, Februayr 25, 2020, and January 14, 2021; phantom stock vestingover a three-year period, which was reported on a Form 4 report filed by the reporting person on May 7, 2020; and phantom stock vesting over an approximately four-year period, which was reported on a Form 4 filed by the reporting person on August 26, 2020.
F2 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.