| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ARR | Common Stock, par value $0.001 per share | Options Exercise | $0 | +18,540 | +8.9% | $0.000000 | 225,747 | 22 Nov 2022 | Direct | F1 |
| transaction | ARR | Common Stock, par value $0.001 per share | Disposed to Issuer | $42,049 | -7,416 | -3.3% | $5.67 | 218,331 | 22 Nov 2022 | Direct | F1 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ARR | Phantom Stock | Options Exercise | $0 | -18,540 | -10% | $0.000000 | 164,050 | 22 Nov 2022 | Common Stock | 18,540 | Direct | F1, F2 |
| Id | Content |
|---|---|
| F1 | On November 22, 2022, the reporting person elected to convert 11,124 of the 18,540 shares shares of vested phantom stock into 11,124 shares of ARMOUR common stock. The reporting person elected to convert the remaining 7,416 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 18,540 shares are part of, and relate to, phantom stock vesting over five-year periods, which was reported on Form 4 reports filed by the reporting person on November 22, 2017 and January 16, 2020, phantom stock vesting over a two-and-a-half year period, which was reported on a Form 4 report filed by the reporting person on May 19, 2020, and phantom stock vesting over a six-and-a-half year period, which was reported on a Form 4 report filed by the reporting person on January 14, 2021. |
| F2 | Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock. |