Director Z. Jamie Behar Converts Phantom Stock to Common Shares in Armour Residential REIT

On May 21, 2026, Armour Residential REIT, Inc. director Z. Jamie Behar converted 1,900 shares of vested phantom stock into an equivalent number of common shares. The conversion was executed at no cost ($0 per share) as part of a previously reported five-year phantom stock vesting plan. Following this transaction, Behar now holds 15,444 shares of common stock directly and maintains 30,254 units of phantom stock. The phantom stock units represent the economic equivalent of common shares and were originally reported in Form 4 filings dating back to February 14, 2023. This transaction reflects the ongoing vesting of director compensation in the form of equity awards, which aligns director interests with shareholder value creation.