Insider Transaction Report for Z. Jamie Behar

Z. Jamie Behar, a director at Armour Residential REIT, Inc. (ARR), was granted 17,140 phantom shares under the company's 2009 Stock Incentive Plan. These shares will vest over a five-year period, with 857 shares vesting each quarter starting May 20, 2026, through February 20, 2031. Upon vesting, Behar is entitled to an equal number of ARR common stock shares within 30 days. The phantom shares will vest immediately upon death, disability, or a change in control of ARR. Unvested shares are forfeited upon termination of service, unless specific conditions related to age and service are met in case of resignation or retirement. Behar also has the option to elect to have withholding taxes satisfied by reducing the number of shares issued and can receive cash dividends or equivalent shares. Each phantom share is economically equivalent to one share of ARR common stock.