Dynex Capital (DX) SVP reports tax-withholding share dispositions on vested awards

Rhea-AI Filing Summary

Dynex Capital senior vice president and chief accounting officer Jeffrey L. Childress reported two small insider transactions related to equity compensation. On February 28, 2026, a total of 1,206 shares of common stock were withheld at $14.03 per share to satisfy tax withholding obligations upon vesting of restricted stock and restricted stock units. After these tax-withholding dispositions, he directly owned 19,279 common shares, which the disclosure notes includes unvested restricted stock units.

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

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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).

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^*

Childress Jeffrey L

(Last) (First) (Middle)

C/O DYNEX CAPITAL, INC.

140 EAST SHORE DRIVE, SUITE 100

(Street)

GLEN ALLEN VA 23059

(City) (State) (Zip)

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

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2026

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	02/28/2026		F		769(1)	D	$14.03	19,716(2)	D
Common Stock	02/28/2026		F		437(3)	D	$14.03	19,279(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. Reflects shares withhold upon vesting of restricted stock to satisfy tax withholding obligations.

2. Includes unvested restricted stock units.

3. Reflects shares withheld upon vesting of restricted stock units to satisfy tax withholding obligations.

Remarks:

	/s/ Jeffrey L. Childress	03/03/2026
	** 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).
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FAQ

What insider transaction did Dynex Capital (DX) report for Jeffrey L. Childress?

Dynex Capital reported that Jeffrey L. Childress had shares withheld to cover taxes when his equity awards vested. On February 28, 2026, 1,206 common shares were withheld in tax-withholding dispositions at $14.03 per share, rather than sold in open-market trades.

How many Dynex Capital (DX) shares were involved in Jeffrey Childress’s Form 4 filing?

The Form 4 shows 1,206 Dynex Capital common shares involved, split between 769 shares and 437 shares. Both entries reflect shares withheld upon vesting of restricted stock and restricted stock units to satisfy tax withholding obligations, rather than discretionary buying or selling.

At what price were the Dynex Capital (DX) shares valued in the tax-withholding transactions?

The withheld shares were valued at $14.03 per Dynex Capital common share. This price is used solely for reporting the value of the tax-withholding dispositions tied to the vesting of restricted stock and restricted stock units, not as an open-market sale price.

How many Dynex Capital (DX) shares does Jeffrey L. Childress hold after the reported transactions?

After the reported tax-withholding dispositions, Jeffrey L. Childress directly owned 19,279 Dynex Capital common shares. The disclosure notes that this figure includes unvested restricted stock units, reflecting both currently vested shares and certain unvested equity awards.

Were the Dynex Capital (DX) Form 4 transactions open-market sales by Jeffrey Childress?

No, the transactions were not open-market sales. The Form 4 classifies them as tax-withholding dispositions, where shares from vested restricted stock and restricted stock units were withheld to satisfy tax liabilities instead of being sold at the insider’s discretion.

What type of equity awards are referenced in Jeffrey Childress’s Dynex Capital (DX) Form 4?

The filing references restricted stock and restricted stock units. Footnotes explain that shares were withheld upon vesting of these awards to satisfy tax withholding obligations, and that the reported post-transaction holdings include unvested restricted stock units.