Dynex Capital (NYSE: DX) grants 11,400 restricted stock units to director

Rhea-AI Filing Summary

Crawford Alexander I. reported acquisition or exercise transactions in this Form 4 filing.

Dynex Capital, Inc. director Alexander I. Crawford reported receiving an equity award in the form of restricted stock units tied to the company’s common stock. The grant covers 11,400 units at no cash cost to him, reflecting compensation rather than an open-market purchase.

After this award, Crawford directly holds 33,131 shares of Dynex Capital common stock. The units will vest on the earlier of May 22, 2027 or the date of the 2027 Annual Shareholder Meeting, meaning he must remain in role until then to receive the full benefit.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Crawford Alexander I.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	11,400	$0.00	--

Holdings After Transaction: Common Stock — 33,131 shares (Direct, null)

Footnotes (1)

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Key Figures

RSU award size: 11,400 units Grant price: $0.0000 per share Post-transaction holdings: 33,131 shares +1 more

4 metrics

RSU award size 11,400 units Restricted stock units granted on May 22, 2026

Grant price $0.0000 per share Equity compensation, not an open-market purchase

Post-transaction holdings 33,131 shares Common stock held directly after the award

Vesting date May 22, 2027 Earlier of this date or 2027 Annual Shareholder Meeting

Key Terms

Restricted stock units, Dynex Capital, Inc. 2025 Stock and Incentive Plan, Annual Shareholder Meeting

3 terms

Restricted stock units financial

"Restricted stock units awarded under the Dynex Capital, Inc. 2025 Stock and Incentive Plan."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Dynex Capital, Inc. 2025 Stock and Incentive Plan financial

"Restricted stock units awarded under the Dynex Capital, Inc. 2025 Stock and Incentive Plan."

Annual Shareholder Meeting financial

"The units will vest on the earlier of (i) May 22, 2027, or (ii) the date of the 2027 Annual Shareholder Meeting."

A yearly gathering where a company’s owners (shareholders) and its leaders meet to review performance, approve key decisions like electing directors, and vote on issues such as executive pay or major policy changes. Think of it as an annual town hall for people who own part of the business: investors use it to ask questions, influence direction through votes, and gauge management’s plans and transparency, all of which can affect the stock’s outlook.

Form 4 Insider Transactions: What Each Field Means →

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^*

Crawford Alexander I.

(Last) (First) (Middle)

C/O DYNEX CAPITAL

140 EASTSHORE DRIVE, SUITE 100

(Street)

GLEN ALLEN VIRGINIA 23059

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
DYNEX CAPITAL INC [ DX ]

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)
05/22/2026

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	05/22/2026		A		11,400(1)	A	$0	33,131	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. Restricted stock units awarded under the Dynex Capital, Inc. 2025 Stock and Incentive Plan. The units will vest on the earlier of (i) May 22, 2027, or (ii) the date of the 2027 Annual Shareholder Meeting.

Remarks:

	/s/ Kathy Rhodes, as attorney-in-fact for Alexander Crawford	05/26/2026
	** 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)

FAQ

What insider transaction did Dynex Capital (DX) report for Alexander I. Crawford?

Dynex Capital director Alexander I. Crawford received 11,400 restricted stock units as an equity award. The grant is compensation, carries a zero dollar grant price, and is not an open-market stock purchase or sale.

How many Dynex Capital (DX) shares does Alexander I. Crawford hold after this Form 4?

Following the award, Alexander I. Crawford directly holds 33,131 shares of Dynex Capital common stock. This total includes the impact of the newly granted restricted stock units reported in the Form 4 filing.

When do Alexander I. Crawford’s restricted stock units in Dynex Capital (DX) vest?

The restricted stock units vest on the earlier of May 22, 2027, or the date of Dynex Capital’s 2027 Annual Shareholder Meeting. Vesting timing links the award to continued service through that future event.

What plan governs the restricted stock unit award reported for Dynex Capital (DX)?

The award was granted under the Dynex Capital, Inc. 2025 Stock and Incentive Plan. This plan authorizes equity-based compensation, including restricted stock units, to align directors’ and executives’ interests with shareholders over time.

Was cash paid for the Dynex Capital (DX) shares reported in this Form 4?

No cash changed hands in this transaction; the reported 11,400 restricted stock units were granted at a price per share of $0.0000. This indicates a compensation award instead of a market purchase.