Chris Smernoff - Dec 15, 2022 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
Stock symbol: EARN
Transactions as of: Dec 15, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/19/2022, 03:08 PM
Previous filing: Dec 20, 2021
Next filing: Jan 6, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EARN	Common shares of beneficial interest	Award	$0	+3.99K	+27.83%	$0.00	18.3K	Dec 15, 2022	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. 1,995 of the Common Shares will vest, subject to certain limitations, on December 15, 2023, and the remaining 1,994 of the Common Shares will vest, subject to certain limitations, on December 15, 2024.
F2	1,766 of these Common Shares will vest, subject to certain limitations, on December 16, 2023.

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. 1,995 of the Common Shares will vest, subject to certain limitations, on December 15, 2023, and the remaining 1,994 of the Common Shares will vest, subject to certain limitations, on December 15, 2024.

1,766 of these Common Shares will vest, subject to certain limitations, on December 16, 2023.