Steven Francis Campbell - 25 Feb 2026 Form 4 Insider Report for ANNALY CAPITAL MANAGEMENT INC (NLY)

Role
President and COO
Signature
/s/ Serena Wolfe, as Attorney-in-Fact for Steven Francis Campbell
Issuer symbol
NLY
Transactions as of
25 Feb 2026
Net transactions value
+$356,177
Form type
4
Filing time
27 Feb 2026, 16:21:23 UTC
Previous filing
19 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Campbell Steven Francis President and COO C/O ANNALY CAPITAL MANAGEMENT, INC., 1211 AVENUE OF THE AMERICAS, NEW YORK /s/ Serena Wolfe, as Attorney-in-Fact for Steven Francis Campbell 27 Feb 2026 0001631803

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NLY Common Stock Sale $604,790 -26,491 -13% $22.83 178,000 25 Feb 2026 Direct F1, F2, F3
transaction NLY Common Stock Award $1,963,190 +85,319 +48% $23.01 263,319 25 Feb 2026 Direct F3, F4
transaction NLY Common Stock Tax liability $1,002,224 -43,556 -17% $23.01 219,763 25 Feb 2026 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale of shares of common stock reported in this Form 4 was effected pursuant to a Rule 10b5-1 plan adopted November 3, 2025 for tax and estate planning purposes.
F2 The price reported above reflects the weighted average sale price, rounded to the nearest hundredth. The highest price at which the shares were sold was $23.01 and the lowest price at which the shares were sold was $22.55. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote in this Form 4.
F3 Dividend equivalent units ("DEUs") issued on restricted unit awards are included in the reporting person's common stock holding balance. Each DEU is the economic equivalent of one share of common stock of Annaly Capital Management, Inc. and payable in one share for each whole DEU.
F4 Represents the number of shares of common stock issued upon the vesting of a Performance Stock Unit ("PSU") award, inclusive of dividend equivalent units ("DEUs").
F5 Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting of a PSU award previously granted on February 1, 2023.