[Form 4] Armour Residential REIT, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Armour Residential REIT, Inc. (ARR) director Z. Jamie Behar reported an insider equity transaction. On 11/21/2025, the reporting person converted 540 vested phantom stock units into 540 shares of Armour common stock at a price of $0 for the derivative security itself. After the transaction, the director beneficially owned 12,501 shares of common stock directly and 3,200 phantom stock units.

Each unit of phantom stock is the economic equivalent of one share of Armour common stock, and the phantom stock units relate to awards vesting over five-year periods that were previously disclosed in earlier filings.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Behar Z Jamie

(Last) (First) (Middle)

3001 OCEAN DRIVE, SUITE 201

(Street)

VERO BEACH FL 32963

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Armour Residential REIT, Inc. [ ARR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/21/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.001 per share	11/21/2025		M(1)		540	A	$0	12,501	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock	(2)	11/21/2025		M			540	(1)	(1)	Common Stock	540	$0	3,200	D

Explanation of Responses:

1. On November 21, 2025, the reporting person elected to convert 540 of the 540 shares of vested phantom stock into 540 shares of ARMOUR common stock. The 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 January 14, 2021, and February 14, 2023.

2. Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.

Remarks:

	/s/ Z. Jamie Behar	11/24/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did ARR disclose in this Form 4?

Armour Residential REIT, Inc. disclosed that director Z. Jamie Behar converted 540 vested phantom stock units into 540 shares of Armour common stock on 11/21/2025.

How many ARR common shares does the reporting person own after the transaction?

Following the reported transaction, the director beneficially owned 12,501 shares of Armour Residential REIT common stock directly.

What are the remaining phantom stock holdings for the ARR director?

After the conversion, the director held 3,200 phantom stock units, each unit being the economic equivalent of one share of ARMOUR common stock.

What is phantom stock in the context of ARR’s director compensation?

For Armour Residential REIT, each phantom stock unit represents the economic equivalent of one share of common stock and is associated with awards that vest over five-year periods.

Was the ARR Form 4 transaction part of previously reported awards?

Yes. The 540 phantom stock units converted on 11/21/2025 were part of phantom stock vesting over five-year periods that had been reported in filings dated January 14, 2021 and February 14, 2023.

What role does the reporting person hold at Armour Residential REIT (ARR)?

The reporting person, Z. Jamie Behar, is identified as a director of Armour Residential REIT, Inc.