Michael W. Vranos - Jul 30, 2021 Form 4 Insider Report for Ellington Financial Inc. (EFC)

Role
Co-Chief Investment Officer
Signature
/s/ Jason S. Frank, attorney-in-fact for Michael W. Vranos
Stock symbol
EFC
Transactions as of
Jul 30, 2021
Transactions value $
$0
Form type
4
Date filed
8/2/2021, 04:17 PM
Next filing
Nov 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EFC Common Stock Other $0 +37.4K +4.39% $0.00 888K Jul 30, 2021 See Footnote F1, F2
holding EFC Common Stock 1.89M Jul 30, 2021 See footnote F3
holding EFC Common Stock 38.8K Jul 30, 2021 In Trusts F4
holding EFC Common Stock 177K Jul 30, 2021 In Trust F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of common stock ("Common Stock") of Ellington Financial Inc. (the "Issuer") were issued in connection with the second quarter 2021 incentive fee payable to Ellington Financial Management LLC ("EFM"), the Issuer's manager, pursuant to a management agreement between the Issuer and EFM, and the Issuer's 2017 Equity Incentive Plan.
F2 Of these 888,260 shares of Common Stock, 850,250 of them are owned directly by EMG Holdings, L.P. ("EMGH") and 38,010 of them are directly owned by EFM. VC Investments LLC ("VC") is the general partner of EMGH and the managing member of EFM. Michael W. Vranos is the managing member of, and holds a controlling interest in, VC. Mr. Vranos and VC together share the power to direct the voting and disposition of shares of Common Stock held by EMGH and EFM, and may be regarded as the beneficial owners of the shares of Common Stock. Each of Michael W. Vranos and VC disclaims beneficial ownership of any shares of Common Stock owned beneficially or of record by each other except to the extent of its or his pecuniary interest therein.
F3 Mr. Vranos is the managing member of an entity that holds these shares for estate planning purposes.
F4 38,759 shares of Common Stock are held by an entity owned by a family trust of which Laurence Penn is a settlor and for which Mr. Vranos serves as a trustee (the "Penn Family Trust"). Mr. Vranos has certain consent rights with respect to transfers of shares of Common Stock held by the Penn Family Trust. Mr. Vranos disclaims any pecuniary interest in the shares of Common Stock held by the Penn Family Trust.
F5 Shares of Common Stock are held in family trusts for the benefit of EMGH partners (other than Mr. Vranos) for which Mr. Vranos acts as trustee.