Finkelstein David L 4

What Happened
David L. Finkelstein, CEO, Co‑CIO and a director of Annaly Capital Management, sold 50,000 shares of Annaly common stock on April 27, 2026 at a reported weighted average price of $22.88 per share, yielding proceeds of $1,144,000. This transaction is a sale (not a purchase).

Key Details

• Transaction date: April 27, 2026; Filing date: April 30, 2026.
• Shares sold: 50,000 at $22.88 (weighted average); total proceeds $1,144,000.
• Footnote: Sale was effected pursuant to a Rule 10b5‑1 trading plan adopted May 16, 2024 (for tax and estate planning).
• Footnote: The $22.88 figure is a weighted average; the highest purchase price in the range was $23.00 and the lowest was $22.78 (reporting person can provide a breakdown on request).
• Footnote: Dividend equivalent units (DEUs) issued on restricted unit awards are included in the reporting person’s common stock balance.
• Shares owned after the transaction: Not specified in the information provided in this summary.

Context
Because this sale was executed under a pre‑arranged Rule 10b5‑1 plan, it may reflect scheduled tax/estate planning rather than a change in the insider’s view of the company. Sales are common for liquidity or planning reasons; purchases by insiders are generally considered a stronger signal of confidence.