Finkelstein David L 4

4 · ANNALY CAPITAL MANAGEMENT INC · Filed Feb 19, 2026

AI-generated summary of this filing

Updated Feb 19, 2026

Annaly (NLY) CEO David Finkelstein Sells 50,000 Shares

What Happened

David L. Finkelstein, CEO, Co‑CIO and director of Annaly Capital Management, sold 50,000 shares of NLY on February 18, 2026. The weighted average sale price was $23.13, for total proceeds of approximately $1,156,500. The sale was reported on Form 4 filed February 19, 2026.

Key Details

Transaction date: 2026-02-18 (reported 2026-02-19 — timely filing).
Type: Sale (S) executed pursuant to a Rule 10b5-1 trading plan adopted November 12, 2025 (footnote F1).
Price(s): Weighted average $23.13; range of execution $22.93 (low) to $23.27 (high). The filer will provide a breakdown of shares sold at each price on request (footnote F2).
Total proceeds: ~$1,156,500.
Shares owned after transaction: not specified in the materials provided.
Additional note: Dividend equivalent units (DEUs) on restricted awards are counted in the reporting person’s common stock balance; each DEU equals one share and is payable in whole shares (footnote F3).

Context

This was a planned, prearranged sale under a 10b5-1 plan for tax and estate planning purposes; such plans allow insiders to sell shares according to a preset schedule and are generally considered routine. The filing shows a straightforward disposition of stock (no options exercise, gift, or derivative activity reported).

Form 4

Period: 2026-02-18

DirectorCEO and Co-CIO

Transactions

Sale
Common Stock
[F1][F2][F3]
2026-02-18$23.13/sh−50,000$1,156,500→ 688,134 total

Footnotes (3)

[F1]The sale of shares of common stock reported in this Form 4 was effected pursuant to a Rule 10b5-1 plan adopted November 12, 2025 for tax and estate planning purposes.
[F2]The price reported above reflects the weighted average sale price, rounded to the nearest hundredth. The highest price at which the shares were sold was $23.27 and the lowest price at which the shares were sold was $22.93. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote in this Form 4.
[F3]Dividend equivalent units ("DEUs") issued on restricted unit awards are included in the reporting person's common stock holding balance. Each DEU is the economic equivalent of one share of common stock of Annaly Capital Management, Inc. and payable in one share for each whole DEU.

Signature

/s/ Serena Wolfe, as Attorney-in-Fact for David L. Finkelstein|2026-02-19

1 file