Wolfe Serena 4

What Happened

• Serena Wolfe, Chief Financial Officer of Annaly Capital Management, sold 16,536 shares of Annaly common stock in open-market transactions on February 18, 2026. The weighted-average sale price was $23.14, for aggregate proceeds of about $382,643. The individual sale prices ranged from $22.95 to $23.27.
• This was a sale (not a purchase). The filing indicates the trades were executed under a Rule 10b5-1 trading plan adopted November 4, 2025, which typically reflects prearranged sales (often for tax or estate planning) rather than an active trading decision.

Key Details

• Transaction date: 2026-02-18; Form filed: 2026-02-19 (timely filing).
• Shares sold: 16,536; weighted-average price: $23.14; total proceeds: ~$382,643.
• Price range reported: $22.95 (low) to $23.27 (high). The filer can provide a breakdown of the number of shares sold at each price on request (per footnote).
• Sale executed pursuant to a Rule 10b5-1 plan adopted Nov 4, 2025 (footnote).
• Shares owned after the transaction: not specified in the information provided here.
• Dividend equivalent units (DEUs) from restricted unit awards are included in the reporter’s holding balance; each DEU is equivalent to one share and payable in shares when vested/paid (footnote).

Context

• 10b5-1 plan trades are prearranged and commonly used for tax and estate planning; they generally do not by themselves signal a change in the insider’s view of the company.
• For retail investors, purchases are often more informative about insider conviction than routine sales; this filing documents a planned, pre-established disposition of shares.