Ellington Credit Co (EARN) CFO reports 2,468-share tax withholding

Rhea-AI Filing Summary

Ellington Credit Company reported a routine insider tax withholding transaction involving its Chief Financial Officer. On December 31, 2025, the company withheld 2,468 common shares of beneficial interest from CFO Christopher Smernoff to cover tax liabilities arising from the vesting of previously granted equity under the company’s now-dissolved 2023 Equity Incentive Plan.

The withheld shares are reported at a price of $5.17 per share. After this tax-related withholding, Mr. Smernoff beneficially owns 24,746 common shares directly. The filing reflects an administrative equity compensation event rather than an open-market purchase or sale.

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^*

Smernoff Chris

(Last) (First) (Middle)

53 FOREST AVENUE

(Street)

OLD GREENWICH CT 06870

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Ellington Credit Co [ EARN ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

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 shares of beneficial interest	12/31/2025		F(1)		2,468	D	$5.17	24,746	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 December 31, 2025, Ellington Credit Company (the "Issuer") withheld 2,468 common shares of beneficial interest (the "Common Shares") of the Issuer from Mr. Smernoff for payment of the tax liability incident to the vesting of Common Shares granted by the Issuer pursuant to the terms of the Issuer's now-dissolved 2023 Equity Incentive Plan.

Remarks:

	/s/ Alaael-Deen Shilleh, as attorney-in-fact for Christopher Smernoff	01/05/2026
	** 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 Ellington Credit Co (EARN) report in this Form 4?

Ellington Credit Co reported that CFO Christopher Smernoff had 2,468 common shares of beneficial interest withheld by the company on December 31, 2025 to pay taxes due on vested equity awards.

Who is the reporting person in Ellington Credit Co (EARN)'s latest Form 4?

The reporting person is Christopher Smernoff, who serves as Chief Financial Officer of Ellington Credit Company.

How many Ellington Credit Co (EARN) shares were withheld for taxes from the CFO?

The company withheld 2,468 common shares of beneficial interest from the CFO to satisfy the tax liability related to the vesting of equity awards.

What was the reported share price for the Ellington Credit Co (EARN) shares withheld?

The withheld common shares of beneficial interest were reported at a price of $5.17 per share.

How many Ellington Credit Co (EARN) shares does the CFO own after this transaction?

Following the tax withholding transaction, CFO Christopher Smernoff beneficially owns 24,746 common shares of beneficial interest, held directly.

What was the purpose of the Ellington Credit Co (EARN) share withholding on December 31, 2025?

The company withheld the shares to pay the tax liability incident to the vesting of common shares granted under Ellington Credit Company’s now-dissolved 2023 Equity Incentive Plan.