John Herlihy - 20 Dec 2024 Form 4 Insider Report for Ellington Credit Co (EARN)

Role: Chief Operating Officer
Signature: /s/ Alaael-Deen Shilleh, as attorney-in-fact for JR Herlihy
Issuer symbol: EARN
Transactions as of: 20 Dec 2024
Net transactions value: $0
Form type: 4
Filing time: 20 Dec 2024, 18:03:01 UTC
Previous filing: 02 Jan 2024
Next filing: 02 Jan 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EARN	Common shares	Award	$0	+24,346	+68%	$0.000000	59,939	20 Dec 2024	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The common shares of beneficial interest (the "Common Shares") were granted to the Reporting Person as the Company's Chief Operating Officer, under the Ellington Credit Company 2023 Equity Incentive Plan. 11,687 of the Common Shares will vest, subject to certain limitations, on December 12, 2025, and the remaining 12,659 of the Common Shares will vest, subject to certain limitations, on December 12, 2026.
F2	5,020 of these Common Shares will vest, subject to certain limitations, on December 14, 2025.

Content

The common shares of beneficial interest (the "Common Shares") were granted to the Reporting Person as the Company's Chief Operating Officer, under the Ellington Credit Company 2023 Equity Incentive Plan. 11,687 of the Common Shares will vest, subject to certain limitations, on December 12, 2025, and the remaining 12,659 of the Common Shares will vest, subject to certain limitations, on December 12, 2026.

5,020 of these Common Shares will vest, subject to certain limitations, on December 14, 2025.