Annaly (NYSE: NLY) CEO sells 50,000 shares in 10b5-1 trade

Rhea-AI Filing Summary

Annaly Capital Management CEO and Co-CIO David L. Finkelstein reported selling 50,000 shares of common stock on August 3, 2026 at a weighted average price of $22.89 per share, pursuant to a Rule 10b5-1 plan adopted November 12, 2025 for tax and estate planning purposes. The reported trade price ranged from $22.74 to $23.05. Following this transaction, he directly holds 761,012 shares, which include dividend equivalent units that are each economically equivalent to one share of common stock.

Insider Trade Summary 10b5-1

Net Seller: 50,000 shares

Net Sell 1 txn

Insider Finkelstein David L

Role CEO and Co-CIO

Sold 50,000 shs ($1.14M)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2, F3	50,000	$22.89	$1.14M

Holdings After Transaction: Common Stock — 761,012 shares (Direct)

Footnotes (3)

1. F1. The sale of shares of common stock reported in this Form 4 was effected pursuant to a Rule 10b5-1 plan adopted November 12, 2025 for tax and estate planning purposes.
2. F2. The price reported above reflects the weighted average purchase price, rounded to the nearest hundredth. The highest price at which the shares were purchased was $23.05 and the lowest price at which the shares were purchased was $22.74. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote in this Form 4.
3. F3. Dividend equivalent units ("DEUs") issued on restricted unit awards are included in the reporting person's common stock holding balance. Each DEU is the economic equivalent of one share of common stock of Annaly Capital Management, Inc. and payable in one share for each whole DEU.

Key Figures

Shares sold: 50,000 shares Weighted average sale price: $22.89 per share Trade price range: $22.74 - $23.05 per share +2 more

5 metrics

Shares sold 50,000 shares Common stock sale on August 3, 2026 by CEO and Co-CIO David L. Finkelstein

Weighted average sale price $22.89 per share Weighted average price for the 50,000-share common stock transaction

Trade price range $22.74 - $23.05 per share Lowest and highest reported prices within the transaction’s price range

Shares held after transaction 761,012 shares Direct common stock holdings following the reported sale, including DEUs

Rule 10b5-1 plan adoption date November 12, 2025 Date the trading plan governing this sale was adopted

Key Terms

Rule 10b5-1 plan, weighted average purchase price, Dividend equivalent units ("DEUs")

3 terms

Rule 10b5-1 plan financial

"The sale ... was effected pursuant to a Rule 10b5-1 plan adopted November 12, 2025"

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

weighted average purchase price financial

"The price reported above reflects the weighted average purchase price, rounded to the nearest hundredth"

The weighted average purchase price is the average cost per share you paid across multiple buys, calculated so larger purchases count more than smaller ones. Imagine buying apples at different prices: the overall price you effectively paid depends on how many apples you bought at each price. Investors use it to measure true cost basis, calculate gains or losses, decide when to sell, and manage taxes and portfolio performance.

Dividend equivalent units ("DEUs") financial

"Dividend equivalent units ("DEUs") issued on restricted unit awards are included"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/04/2026 - 04:16 PM Accepted by SEC EDGAR 08/04/2026 - 04:15 PM Learn about SEC filing dates

FAQ

What insider transaction did NLY's CEO David L. Finkelstein report?

David L. Finkelstein reported a sale of 50,000 shares of Annaly Capital Management common stock on August 3, 2026. The transaction involved non-derivative common stock and was executed under a pre-established Rule 10b5-1 trading plan for tax and estate planning purposes.

At what price did NLY's CEO sell the 50,000 shares of common stock?

The 50,000 shares were sold at a weighted average price of $22.89 per share. The filing notes that individual trade prices ranged between $22.74 and $23.05, with the weighted average rounded to the nearest hundredth of a dollar.

How many Annaly (NLY) shares does David L. Finkelstein hold after this sale?

After the reported sale, David L. Finkelstein directly holds 761,012 shares of Annaly Capital Management common stock. This holding total includes dividend equivalent units (DEUs), which are treated as the economic equivalent of one share of common stock each.

Was the NLY insider sale made under a Rule 10b5-1 trading plan?

Yes. The sale was effected pursuant to a Rule 10b5-1 plan adopted on November 12, 2025. The filing states that this trading plan was established for tax and estate planning purposes, and the document-level 10b5-1 checkbox is marked as affirmative.

What are dividend equivalent units (DEUs) mentioned in the NLY Form 4?

Dividend equivalent units (DEUs) are awards linked to restricted units that are economically equivalent to one share of Annaly common stock. Each DEU is payable in one share for every whole unit and is included in the insider’s reported common stock holding balance.

What type of security did NLY's CEO trade in this insider transaction?

The transaction involved common stock of Annaly Capital Management Inc. It was reported as a non-derivative transaction, meaning it related directly to common shares rather than options or other derivative securities, with post-transaction direct ownership of 761,012 shares.

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).

X

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^*

Finkelstein David L

(Last) (First) (Middle)

C/O ANNALY CAPITAL MANAGEMENT, INC.

1211 AVENUE OF THE AMERICAS

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ANNALY CAPITAL MANAGEMENT INC [ NLY ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and Co-CIO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/03/2026

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	08/03/2026		S		50,000(1)	D	$22.89(2)	761,012(3)	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. The sale of shares of common stock reported in this Form 4 was effected pursuant to a Rule 10b5-1 plan adopted November 12, 2025 for tax and estate planning purposes.

2. The price reported above reflects the weighted average purchase price, rounded to the nearest hundredth. The highest price at which the shares were purchased was $23.05 and the lowest price at which the shares were purchased was $22.74. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote in this Form 4.

3. Dividend equivalent units ("DEUs") issued on restricted unit awards are included in the reporting person's common stock holding balance. Each DEU is the economic equivalent of one share of common stock of Annaly Capital Management, Inc. and payable in one share for each whole DEU.

Remarks:

	/s/ Serena Wolfe, as Attorney-in-Fact for David L. Finkelstein	08/04/2026
	** 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)