Stewart J. Paperin Form 4 Filing

This filing details transactions made by Stewart J. Paperin, a director at Armour Residential REIT, Inc. On May 21, 2026, Paperin converted 1,900 vested phantom stock units into 1,900 shares of ARMOUR common stock. These shares are part of a phantom stock award that vests over five years. Following this conversion, Paperin holds 11,250 shares indirectly through the Stewart J. Paperin Family Trust and 208 shares directly. The phantom stock conversion, where each unit is economically equivalent to one share of common stock, resulted in a post-transaction holding of 30,254 phantom stock units.