Key facts
- This page summarizes Ph.D Ronald I. Simon's Form 4 filing for Ellington Financial Inc. (EFC).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 30 Dec 2024, 16:44.
Ph.D Ronald I. Simon - 27 Dec 2024 Form 4 Insider Report for Ellington Financial Inc. (EFC)
- Reporting relationship
- Director
- Issuer ticker
- EFC
- Reported as of
- 27 Dec 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 30 Dec 2024, 16:44:26 UTC
- Prior SEC filing
- 13 Sep 2024
- Next SEC filing
- 02 Oct 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Alaael-Deen Shilleh, as attorney-in-fact for Ronald I. Simon
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Ph.D Ronald I. Simon filed Form 4 for Ellington Financial Inc. (EFC) on 30 Dec 2024.
Change
- Previous filing in this sequence was filed on 13 Sep 2024.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
EFC
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +8,378
- Change %
- +15%
- Price
- $0.000000
- Shares after
- 65,258
- Date
- 27 Dec 2024
- Ownership
- By Trust
- Footnotes
- F1, F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
EFC
transaction
Derivative
OP LTIP Units
Other
- Transaction value
- $0
- Shares
- -8,378
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 27 Dec 2024
- Ownership
- Direct
- Underlying class
- Common Units
- Underlying amount
- 8,378
- Exercise price
- Footnotes
- F1, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
On December 27, 2024, Dr. Simon and Ellington Financial Inc. (the "Company") entered into an Exchange Agreement (the "Exchange Agreement") whereby Dr. Simon exchanged the 8,378 OP LTIP Units (as defined below) that were granted to him on September 11, 2024 pursuant to, and are subject to the terms and conditions of the Company's 2017 Equity Incentive Plan (the "Plan"), for 8,378 shares of common stock of the Company, $0.001 par value per share (the "Common Shares"). No other consideration was involved in connection with the Exchange Agreement. The Common Shares were also issued pursuant to, and are subject to the terms and conditions of, the Plan. The 8,378 Common Shares remain forfeitable, subject to Dr. Simon's continued service as a member of the board of directors of the Company, until December 26, 2025.
Footnote F2
The 8,378 Common Shares issued to Dr. Simon on December 27, 2024 are held at the transfer agent of the Company. All of the remaining Common Shares held by Dr. Simon are held in the Simon Family Trust (the "Trust"). Dr. Simon is a trustee of the Trust. Dr. Simon and his wife are the beneficiaries of the Trust. Dr. Simon disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
Footnote F3
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 subsidiary of the Company.
Footnote F4
Upon issuance, the 8,378 OP LTIP Units remained forfeitable, subject to Dr. Simon's continued service as a member of the board of directors of the Company, until September 10, 2025. Once the vesting restrictions lapsed, the OP LTIP Units would have been able to be converted, 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 would have been redeemable by the holder for an equivalent number of Common Shares or for the cash value of such Common Shares, at the Company's election. The OP LTIP Units were previously issued pursuant to, and are subject to the terms and conditions of the Plan. The rights to convert OP LTIP Units into Common Units and redeem such Common Units do not have expiration dates.