Annaly CEO David L. Finkelstein Sells 50,000 Shares

What Happened
David L. Finkelstein, CEO, Co‑CIO and a director of Annaly Capital Management, sold 50,000 shares of Annaly common stock on 2026-08-03 at a reported weighted-average price of $22.89 per share, for a total transaction value of $1,144,500. The transaction is reported as a sale (S).

Key Details

• Transaction date: 2026-08-03; Form 4 filed: 2026-08-04 (timely filing).
• Price and amount: 50,000 shares at $22.89 each; total ≈ $1,144,500.
• Transaction type: Sale (coded S); described as "open market or private sale."
• Footnote F1: Sale was effected pursuant to a Rule 10b5-1 plan adopted November 12, 2025 (pre‑arranged trading plan for tax/estate planning).
• Footnote F2: The price reported reflects a weighted-average purchase price with a reported purchase-price range of $22.74–$23.05; the reporting person will provide per‑price breakdown on request.
• Footnote F3: Dividend equivalent units (DEUs) from restricted unit awards are included in the reporting person’s common-stock holding balance; each DEU converts to one share when paid.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context

• Sales executed under a 10b5-1 plan are pre‑arranged and do not necessarily indicate a change in the insider’s view of the company; they are often used for routine, tax, or estate planning.
• For retail investors, purchases typically signal more actionable insider conviction than routine plan-based sales; this filing documents a planned liquidation of a modest position (~$1.1M).