Lisa Mumford - 10 Sep 2025 Form 4 Insider Report for Ellington Financial Inc. (EFC)

Role: Director
Signature: /s/ Alaael-Deen Shilleh, as attorney-in-fact for Lisa Mumford
Issuer symbol: EFC
Transactions as of: 10 Sep 2025
Net transactions value: $0
Form type: 4
Filing time: 02 Oct 2025, 16:32:05 UTC
Previous filing: 09 Jun 2025
Next filing: 05 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Mumford Lisa	Director	53 FOREST AVE, GREENWICH	/s/ Alaael-Deen Shilleh, as attorney-in-fact for Lisa Mumford	02 Oct 2025	0001380384

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EFC	Common Stock	Award	$0	+9,198	+13%	$0.000000	81,116	10 Sep 2025	Direct	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
holding	EFC	OP LTIP Units						7,657	10 Sep 2025	Common Units	7,657		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	The 9,198 shares of common stock, $0.001 par value per share (the "Common Shares") remain forfeitable, subject to the reporting person's continued service as a member of the board of directors of Ellington Financial Inc. (the "Company"), until September 9, 2026. The Common Shares were issued pursuant to, and are subject to the terms and conditions of the Company's 2017 Equity Incentive Plan.
F2	Represents a separate non-voting class of limited liability company interests ("OP LTIP Units") of Ellington Financial Operating Partnership LLC (the "Operating Partnership"), the operating partnership of the Company.
F3	The OP LTIP Units may be converted, upon lapse of the vesting restrictions described above, at the election of the holder, or at any time at the election of the Company, into limited liability company interests of the Operating Partnership designated as common units ("Common Units") on a one-for-one basis. Subject to certain conditions, the Common Units are redeemable by the holder for an equivalent number of Common Shares of the Company, or for the cash value of such Common Shares, at the Company's election. The OP LTIP Units were issued pursuant to, and are subject to the terms and conditions of the Company's 2017 Equity Incentive Plan. The rights to convert OP LTIP Units into Common Units and redeem such Common Units do not have expiration dates.