Dynex Capital (DX) awards 10,372 restricted stock units to director

Rhea-AI Filing Summary

Neal Douglas E reported acquisition or exercise transactions in this Form 4 filing.

Dynex Capital, Inc. director Neal Douglas E received a grant of 10,372 shares of Common Stock on June 15, 2026. The award was made at a price of $0.00 per share as a grant or award, not an open-market purchase.

These shares represent restricted stock units granted under the Dynex Capital, Inc. 2025 Stock and Incentive Plan. The units will vest on the earlier of May 22, 2027, or the date of the 2027 Annual Shareholder Meeting. Following this grant, Douglas holds 10,372 shares directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Neal Douglas E

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	10,372	$0.00	--

Holdings After Transaction: Common Stock — 10,372 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSUs granted: 10,372 shares Grant price: $0.00 per share Shares held after grant: 10,372 shares +1 more

4 metrics

RSUs granted 10,372 shares Restricted stock units awarded on June 15, 2026

Grant price $0.00 per share Compensation-related grant, not open-market purchase

Shares held after grant 10,372 shares Total direct holdings following the transaction

Vesting date latest May 22, 2027 RSUs vest on earlier of this date or 2027 meeting

Key Terms

Restricted stock units, 2025 Stock and Incentive Plan, vest, Annual Shareholder Meeting

4 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.

2025 Stock and Incentive Plan financial

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

vest financial

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

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Annual Shareholder Meeting financial

"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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/30/2026 - 11:30 AM Accepted by SEC EDGAR 06/30/2026 - 11:29 AM 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^*

Neal Douglas E

(Last) (First) (Middle)

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)
06/15/2026

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	06/15/2026		A		10,372(1)	A	$0	10,372	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 E. Rhodes, as attorney-in-fact for Neal E. Douglas	06/30/2026
	** 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 Neal Douglas E?

Dynex Capital reported a stock grant to director Neal Douglas E. He received 10,372 shares of Common Stock on June 15, 2026 as a grant or award, not a market purchase, under the company’s 2025 Stock and Incentive Plan.

How many Dynex Capital (DX) shares were granted to Neal Douglas E?

Neal Douglas E was granted 10,372 shares of Dynex Capital stock. The Form 4 shows a non-derivative award of 10,372 shares of Common Stock at a price of $0.00 per share, with 10,372 shares held directly after the transaction.

What type of equity award did Dynex Capital (DX) grant to Neal Douglas E?

The award was in the form of restricted stock units (RSUs). The footnote describes 10,372 restricted stock units granted under the Dynex Capital, Inc. 2025 Stock and Incentive Plan, rather than a cash-settled or derivative security.

When do Neal Douglas E’s Dynex Capital (DX) restricted stock units vest?

The restricted stock units vest based on a time and event condition. They will vest on the earlier of May 22, 2027, or the date of Dynex Capital’s 2027 Annual Shareholder Meeting, according to the Form 4 footnote.

Was the Dynex Capital (DX) stock grant to Neal Douglas E an open-market purchase?

No, the transaction was a grant or award, not a purchase. The Form 4 shows transaction code “A” with a $0.00 price per share, indicating a compensation-related acquisition rather than an open-market buy order.

How many Dynex Capital (DX) shares does Neal Douglas E hold after this grant?

After the grant, Neal Douglas E holds 10,372 shares directly. The Form 4 lists total shares following the transaction as 10,372, reflecting the full amount of the newly awarded restricted stock units.