ARR director receives stock as board compensation

Downey Carolyn reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Downey Carolyn reported acquisition or exercise transactions in this Form 4 filing.

Armour Residential REIT director Carolyn Downey received additional shares as board compensation. On July 1, 2026, she was granted 945 shares of common stock, valued at $17.45 per share, as part of her regular quarterly compensation for serving on the Board of Directors.

Downey may elect to receive $16,500 of her quarterly board compensation in stock, cash, or a mix of both, and these 945 shares reflect her choice to take stock for the past quarter. Following this grant, she directly holds 28,819 shares of Armour Residential REIT common stock.

Insider Trade Summary

Grant/Award: 945 shares

Grant/Award 1 txn

Insider Downey Carolyn

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.001 per share	945	$17.45	$16K

Holdings After Transaction: Common Stock, par value $0.001 per share — 28,819 shares (Direct)

Footnotes (1)

1. F1. On July 1, 2026, the reporting person received 945 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 945 shares of stock represent the reporting person's election of stock compensation for the past quarter.

Key Figures

Shares granted: 945 shares Grant price per share: $17.45 per share Shares held after grant: 28,819 shares +2 more

5 metrics

Shares granted 945 shares Quarterly board compensation on July 1, 2026

Grant price per share $17.45 per share Value used for the 945-share compensation grant

Shares held after grant 28,819 shares Total direct holdings following the July 1, 2026 transaction

Quarterly compensation eligible for stock $16,500 Portion of quarterly board fees payable in stock, cash, or both

Annual compensation eligible for stock $66,000 Annualized amount of board fees that can be taken in stock or cash

Key Terms

Common Stock, par value $0.001 per share, quarterly compensation, Board of Directors, grant, award, or other acquisition

4 terms

Common Stock, par value $0.001 per share financial

"security_title: Common Stock, par value $0.001 per share"

quarterly compensation financial

"received 945 shares of ARMOUR common stock pursuant to quarterly compensation"

Board of Directors financial

"compensation paid for the reporting person's service on ARMOUR's Board of Directors"

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Armour Residential REIT (ARR) director Carolyn Downey report on this Form 4?

Director Carolyn Downey reported receiving 945 shares of Armour Residential REIT common stock on July 1, 2026. These shares were granted as part of her regular quarterly compensation for serving on the Board of Directors and represent a non-market, compensation-related acquisition.

Was Carolyn Downey’s transaction in ARR stock an open-market purchase or compensation grant?

The transaction was a compensation grant, not an open-market purchase. Downey received 945 shares of common stock as part of her quarterly board compensation, reflecting her election to take a portion of her $16,500 quarterly fee in stock instead of cash.

How many Armour Residential REIT (ARR) shares does Carolyn Downey hold after this grant?

After receiving the 945-share grant, Carolyn Downey holds 28,819 shares of Armour Residential REIT common stock directly. This updated holding reflects the addition of the compensation shares to her prior position, as disclosed in the Form 4 filing for July 1, 2026.

What compensation choice did Carolyn Downey make regarding her ARR board fees?

Downey elected to receive part of her board fees in stock rather than cash. She may take $16,500 of her quarterly compensation in stock, cash, or a mix, and the 945 shares granted represent her stock election for the most recent quarter.

How is the value of Carolyn Downey’s stock compensation in ARR determined each quarter?

The filing shows Downey received 945 shares at $17.45 per share for $16,500 of quarterly compensation. This implies the number of shares granted each quarter is based on dividing the elected cash amount by the applicable share price at the time of the award.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/02/2026 - 04:12 PM Learn about SEC filing dates

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
hours per response:			0.5

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^*

Downey Carolyn

(Last) (First) (Middle)

3001 OCEAN DRIVE

SUITE 201

(Street)

VERO BEACH FLORIDA 32963

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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

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

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

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	07/01/2026		A		945	A(1)	$17.45	28,819	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 July 1, 2026, the reporting person received 945 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 945 shares of stock represent the reporting person's election of stock compensation for the past quarter.

Remarks:

	/s/ Carolyn Downey	07/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)