Michael W. Vranos - Feb 22, 2022 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
Feb 22, 2022
Transactions value $
$0
Form type
4
Date filed
2/24/2022, 03:21 PM
Previous filing
Nov 16, 2021
Next filing
Jun 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EFC Common Stock Other $0 +19.1K +2.1% $0.00 927K Feb 22, 2022 See Footnote F1, F2
holding EFC Common Stock 1.89M Feb 22, 2022 See footnote F3
holding EFC Common Stock 38.8K Feb 22, 2022 In Trust F4
holding EFC Common Stock 177K Feb 22, 2022 In Trusts 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 fourth 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 927,141 shares of Common Stock, 842,221 of them are owned directly by EMG Holdings, L.P. ("EMGH") and 84,920 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.