Bell Marc H Insider Trading

This filing details transactions made by Bell Marc H, a director at Armour Residential REIT, Inc. On May 21, 2026, Bell Marc H converted 1,900 shares of vested phantom stock into 1,900 shares of the company's common stock. Additionally, 480 vested phantom stock shares were converted into 480 common stock shares on the same date. These conversions are part of previously reported phantom stock vesting schedules. Each unit of phantom stock represents the economic equivalent of one share of ARMOUR common stock. The transactions were executed under the code "M" indicating a merger or acquisition, with a transaction price of $0.00 per share, suggesting these were conversions rather than open market purchases. Bell Marc H directly owns 28,301 shares of common stock after the first transaction and 28,781 shares after the second.