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Chimera (NYSE: CIM) CIO records 12,200-share tax withholding move

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Chimera Investment Corp's Chief Investment Officer, Jack Lee Macdowell Jr., reported a Form 4 transaction involving a tax-related share disposition. A total of 12,200 shares of common stock were withheld at a price of $13.70 per share to cover taxes tied to previously granted restricted stock units that vested.

After this tax-withholding disposition, Macdowell directly holds 302,421 shares of Chimera common stock. Footnotes clarify that dividend equivalent rights on RSUs and performance stock units are included in his reported common stock balance, with each right economically equivalent to one share.

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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*
Macdowell Jack Lee Jr

(Last) (First) (Middle)
C/O CHIMERA INVESTMENT CORPORATION
630 FIFTH AVENUE, SUITE 2400

(Street)
NEW YORK NY 10111

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CHIMERA INVESTMENT CORP [ CIM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Investment Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026
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 02/17/2026 F 12,200(1) D $13.7 302,421(2) 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. Shares reported were withheld for payment of taxes associated with the vesting of prior grants of restricted stock units ("RSUs").
2. Dividend equivalent rights ("DERs") issued on RSUs and underlying performance stock units or PSUs are included in the reporting person's common stock holding balance. Each DER is the economic equivalent of one share of Chimera Investment Corporation common stock.
Remarks:
/s/ Jack Lee Macdowell, Jr 02/19/2026
** 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.

FAQ

What insider transaction did Chimera Investment Corp (CIM) report for its CIO?

Chimera’s Chief Investment Officer reported a tax-related share disposition. The company withheld 12,200 common shares to cover taxes from vesting restricted stock units, a standard mechanism rather than an open-market sale, leaving him with 302,421 directly held shares.

Was the Chimera (CIM) insider transaction an open-market sale of shares?

No, the transaction was a tax-withholding disposition, not an open-market sale. Shares were withheld to satisfy tax obligations from vested restricted stock units, which is an administrative equity compensation event rather than a discretionary sale into the market.

How many Chimera (CIM) shares does the CIO hold after the Form 4 transaction?

After the tax-withholding transaction, the Chief Investment Officer directly holds 302,421 shares of Chimera common stock. This balance includes dividend equivalent rights tied to RSUs and performance stock units, each economically equivalent to one share of common stock.

What price per share was used in the Chimera (CIM) tax-withholding disposition?

The tax-withholding disposition used a price of $13.70 per share. This value applied to the 12,200 common shares withheld to cover tax liabilities associated with the vesting of previously granted restricted stock units held by the Chief Investment Officer.

What do dividend equivalent rights mean in the Chimera (CIM) Form 4 filing?

Dividend equivalent rights in this context mirror the economics of Chimera common stock. They are issued on restricted stock units and performance stock units, and each right is treated as the economic equivalent of one share within the reporting person’s disclosed common stock holdings.
Chimera Invt Corp

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