Serena Wolfe - 25 Feb 2026 Form 4 Insider Report for ANNALY CAPITAL MANAGEMENT INC (NLY)

Role: Chief Financial Officer
Signature: /s/ Serena Wolfe
Issuer symbol: NLY
Transactions as of: 25 Feb 2026
Net transactions value: +$936,024
Form type: 4
Filing time: 27 Feb 2026, 16:21:11 UTC
Previous filing: 19 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Wolfe Serena	Chief Financial Officer	C/O ANNALY CAPITAL MANAGEMENT, INC., 1211 AVENUE OF THE AMERICAS, NEW YORK	/s/ Serena Wolfe	27 Feb 2026	0001796495

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NLY	Common Stock	Award	$1,912,269	+83,106	+48%	$23.01	256,187	25 Feb 2026	Direct	F1, F2
transaction	NLY	Common Stock	Tax liability	$976,245	-42,427	-17%	$23.01	213,760	25 Feb 2026	Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	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").
F2	DEUs issued on Restricted Stock Units ("RSUs") 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.
F3	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.