[Form 4] MFA FINANCIAL, INC. Insider Trading Activity

Rhea-AI Filing Summary

Mei Lin, Sr. VP & Co-Controller of MFA Financial, Inc. (MFAO) reported a sale of 2,775 shares of MFA common stock on 09/15/2025 at a reported price of $10.10 per share. After the transaction she beneficially owned 10,778 shares in a direct capacity. The Form 4 is signed and dated 09/16/2025 and discloses a routine officer sale.

Positive

• Timely and complete disclosure of the insider sale, with signature and transaction details provided
• Clear post-transaction ownership amount (10,778 shares) stated, aiding transparency

Negative

• Insider disposition of shares (2,775 shares sold) which reduces the reporting person's stake

Insights

Corporate Governance Expert

TL;DR: A routine officer sale disclosed promptly; no governance red flags in this filing.

The Form 4 shows an officer-level insider, Mei Lin (Sr. VP & Co-Controller), sold 2,775 shares at $10.10 on 09/15/2025 and retained 10,778 shares. The filing is timely and properly signed. There is no information in the document indicating related-party transactions, trading plan reliance, or unusual transfer mechanisms. From a governance perspective this appears to be a standard disclosure of an insider disposition.

Securities/Insider Trading Analyst

TL;DR: Small-scale insider sale with clear post-transaction holdings; likely immaterial to valuation.

The reported sale quantity (2,775 shares) and price ($10.10) are explicitly stated, leaving a post-sale direct beneficial holding of 10,778 shares. The filing does not reference a Section 10b5-1 plan or indicate multiple reporters. There are no derivative transactions reported. Based solely on this Form 4, the transaction is a straightforward disposition lacking evidence of market-moving scale.

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^*

Lin Mei

(Last) (First) (Middle)

C/O MFA FINANCIAL, INC.

ONE VANDERBILT AVENUE, 48TH FLOOR

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MFA FINANCIAL, INC. [ MFA ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. VP & Co-Controller

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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 Stock	09/15/2025		S		2,775	D	$10.1	10,778	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:

	/s/ Mei Lin	09/16/2025
	** 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 was reported for MFA Financial (MFAO)?

Mei Lin sold 2,775 shares of MFA common stock on 09/15/2025 at a reported price of $10.10 per share.

Who is the reporting person on this Form 4 for MFAO?

The reporting person is Mei Lin, identified as Sr. VP & Co-Controller of MFA Financial, Inc.

How many shares did Mei Lin own after the reported transaction?

After the sale, Mei Lin beneficially owned 10,778 shares in a direct capacity.

Does the Form 4 report any derivative transactions or 10b5-1 plan?

No. The filing includes only a non-derivative sale of common stock and does not reference a 10b5-1 plan or derivative securities.

When was the Form 4 signed and filed?

The Form 4 is signed and dated 09/16/2025 following the 09/15/2025 transaction.