Chris Smernoff - 16 Dec 2021 Form 4 Insider Report for Ellington Residential Mortgage REIT (EARN)

Role: Chief Financial Officer
Signature: /s/ Jason Frank, as attorney-in-fact for Christopher Smernoff
Issuer symbol: EARN
Transactions as of: 16 Dec 2021
Net transactions value: $0
Form type: 4
Filing time: 20 Dec 2021, 15:12:24 UTC
Next filing: 19 Dec 2022
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	+3,532	+33%	$0.000000	14,333	16 Dec 2021	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 Residential Mortgage REIT 2013 Equity Incentive Plan. 1,766 of the Common Shares will vest, subject to certain limitations, on December 16, 2022, and the remaining 1,766 of the Common Shares will vest, subject to certain limitations, on December 16, 2023.
F2	1,517 of these Common Shares will vest, subject to certain limitations, on December 17, 2022.

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 Residential Mortgage REIT 2013 Equity Incentive Plan. 1,766 of the Common Shares will vest, subject to certain limitations, on December 16, 2022, and the remaining 1,766 of the Common Shares will vest, subject to certain limitations, on December 16, 2023.

1,517 of these Common Shares will vest, subject to certain limitations, on December 17, 2022.