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

Role
CIO
Signature
/s/ Mark Gruber
Stock symbol
ARR
Transactions as of
Aug 23, 2022
Transactions value $
$0
Form type
4
Date filed
8/25/2022, 04:33 PM
Previous filing
May 25, 2022
Next filing
Nov 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARR Common Stock Options Exercise $0 +4.05K +5.2% $0.00 81.9K Aug 23, 2022 Direct F1
transaction ARR Common Stock, par value $0.001 per share Disposed to Issuer $0 -848 -1.03% $0.00 81.1K Aug 23, 2022 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 ARR Phantom Stock Options Exercise $0 -4.05K -12.02% $0.00 29.7K Aug 23, 2022 Common Stock 4.05K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 23, 2022, the reporting person elected to convert 4,050 shares of vested phantom stock into 3,202 shares of ARMOUR common stock and to convert the remaining 848 shares of vested phantom stock into cash solely to pay income taxes and the vested stock. The 4,050 shares are part of, and relate to, phantom stock vesting over a five-year period, reported on a Form 4 filed on November 22, 2017, February 25, 2020, and January 14, 2021; phantom stock vesting over a three-year period, reported on a Form 4 filed on May 7, 2020, and phantom stock vesting over an approximately four-year period, reported on a Form 4 filed on August 26, 2020.
F2 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.