August 21, 2025 · Form 4 insider transaction
Macauley Desmond bought 1,500 shares of ARMOUR Residential REIT, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 1 day after the transaction.
On August 21, 2025, the reporting person elected to convert 1,124 of the 1,500 shares of vested phantom stock into 1,124 shares of ARMOUR common stock. The reporting person elected to convert the remaining 376 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 1,500 shares are part of, and relate to, phantom stock vesting over a five-year period, which was reported on a Form 4 report filed by the reporting person on April 30, 2025.