Chris Smernoff - 20 Dec 2024 Form 4 Insider Report for Ellington Credit Co (EARN)

Role: Chief Financial Officer
Signature: /s/ Alaael-Deen Shilleh, as attorney-in-fact for Christopher Smernoff
Issuer symbol: EARN
Transactions as of: 20 Dec 2024
Net transactions value: $0
Form type: 4
Filing time: 20 Dec 2024, 18:05:00 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 of beneficial interest	Award	$0	+7,995	+39%	$0.000000	28,532	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 Financial Officer, under the Ellington Credit Company 2023 Equity Incentive Plan. 5,663 of the Common Shares will vest, subject to certain limitations, on December 12, 2025, and the remaining 2,332 of the Common Shares will vest, subject to certain limitations, on December 12, 2026.
F2	2,216 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 Financial Officer, under the Ellington Credit Company 2023 Equity Incentive Plan. 5,663 of the Common Shares will vest, subject to certain limitations, on December 12, 2025, and the remaining 2,332 of the Common Shares will vest, subject to certain limitations, on December 12, 2026.

2,216 of these Common Shares will vest, subject to certain limitations, on December 14, 2025.