Wellington Denahan - May 19, 2021 Form 4 Insider Report for ANNALY CAPITAL MANAGEMENT INC (NLY)

Role: Director
Signature: /s/ Anthony C. Green, Attorney-in-Fact for Wellington Denahan
Stock symbol: NLY
Transactions as of: May 19, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/21/2021, 06:23 PM
Next filing: May 20, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NLY	Common Stock	Options Exercise	$0	+22.6K	+1.78%	$0.00	1.29M	May 20, 2021	Direct
holding	NLY	Common Stock						560K	May 19, 2021	See note	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	NLY	Deferred Stock Units	Award	$0	+15.6K	+69.22%	$0.00	38.2K	May 19, 2021	Common Stock	15.6K		Direct	F2
transaction	NLY	Deferred Stock Units	Options Exercise	$0	-22.6K	-59.1%	$0.00	15.6K	May 20, 2021	Common Stock	22.6K		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Represents shares of Common Stock held by The Wellington J. Denahan 2020 Grantor Retained Annuity Trust (the "2020 GRAT") for the benefit of an immediate family member of the reporting person. The reporting person is sole trustee of the 2020 GRAT.
F2	TThe Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2010 Equity Incentive Plan or the Annaly Capital Management, Inc. 2020 Equity Incentive Plan as applicable.
F3	Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions.