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

Rhea-AI Filing Summary

Stewart J. Paperin, a director of Armour Residential REIT, Inc. (ARR), received 1,104 shares of Armour common stock on 10/01/2025 as quarterly director compensation. The shares were issued at an effective price of $14.94 per share reflecting the director's election to take stock rather than cash for the quarter. After the transaction the reporting person beneficially owns 5,846 shares, with 5,846 held indirectly through the Stewart J. Paperin Family Trust over which he has pecuniary interest and investment control. The filing discloses the director may elect up to $16,500 per quarter (or $66,000 annually) of compensation in stock, cash, or a mix.

Positive

• Director alignment via equity: Stewart J. Paperin received 1,104 shares, linking pay to shareholder outcomes
• Predictable compensation program: director may elect up to $16,500 per quarter ($66,000 annually) in stock or cash, indicating a structured policy

Negative

• None.

Insights

Corporate Governance Analyst

Director received equity compensation of 1,104 shares on 10/01/2025.

This Form 4 shows routine board compensation elected in stock rather than cash, with the reporting person obtaining 1,104 shares at $14.94 per share. Such elections align director pay with shareholder outcomes without indicating a material change to share count or control.

The filing also shows 5,846 shares beneficially owned indirectly via the Stewart J. Paperin Family Trust, confirming continued insider alignment but no change in ownership control is disclosed.

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

OMB Number:			3235-0287
Estimated average burden
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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).

1. Name and Address of Reporting Person^*

PAPERIN STEWART J

(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)
10/01/2025

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	10/01/2025		A(1)		1,104	A	$14.94	5,846	I	See Footnote(2)
Common Stock, par value $0.001 per share								208	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

Explanation of Responses:

1. On October 1, 2025, the reporting person received 1,104 shares of ARMOUR common stock pursuant to quarterly compensation paid for the reporting person's service on ARMOUR's Board of Directors. The reporting person may elect to receive $16,500 of the reporting person's total quarterly compensation (or $66,000 on an annual basis) paid in common stock, cash, or a combination of stock and cash at the option of the director. The 1,104 shares of stock represent the reporting person's election of stock compensation for the past quarter.

2. Represents shares owned indirectly through the Stewart J. Paperin Family Trust. Mr. Paperin has a pecuniary interest in and investment control over the shares held by the Trust.

Remarks:

	/s/ Stewart J. Paperin	10/02/2025
	** 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 did Stewart J. Paperin report on the Form 4 for ARR?

He reported receiving 1,104 shares of Armour common stock on 10/01/2025 as quarterly director compensation at an effective price of $14.94 per share.

How many Armour shares does Stewart J. Paperin beneficially own after the transaction?

The filing reports beneficial ownership of 5,846 shares following the reported transaction.

Why were the shares issued to Stewart J. Paperin?

The 1,104 shares represent his election to receive quarterly board compensation in Armour common stock rather than cash for that quarter.

Does Stewart J. Paperin own shares indirectly?

Yes. The filing states the 5,846 shares are owned indirectly through the Stewart J. Paperin Family Trust, over which he has pecuniary interest and investment control.

What is the elective limit for director compensation in stock?

A director may elect up to $16,500 per quarter, equivalent to $66,000 annually, of compensation in stock, cash, or a combination.