MFA

SEC source: 0001104659-26-072385 · tm2617240-6_4seq1.xml · derivative · entry 1

Wald Richard C. · CIK 0001815213 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 94,703

Underlying: Common Stock · 16,448 shares

Expires 2032-01-15

F1 · derivative.exercise_price: Each restricted stock unit represents the right to receive one share of MFA Financial, Inc. common stock.

F2 · derivative.exercise_date: The restricted stock units were fully vested as of the date of grant and will be settled in an equivalent number of shares of MFA common stock. Except in certain circumstances, the restricted stock units will be settled on the earlier of (i) the reporting person's termination of service as a director of MFA Financial, Inc. and (ii) on or about January 15, 2032.

F2 · derivative.expiration_date: The restricted stock units were fully vested as of the date of grant and will be settled in an equivalent number of shares of MFA common stock. Except in certain circumstances, the restricted stock units will be settled on the earlier of (i) the reporting person's termination of service as a director of MFA Financial, Inc. and (ii) on or about January 15, 2032.

SEC source: 0001104659-26-072383 · tm2617240-5_4seq1.xml · derivative · entry 1

Goodman Laurie · CIK 0001612789 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 169,448

Underlying: Common Stock · 29,057 shares

Expires 2032-01-15

F1 · derivative.exercise_price: Each restricted stock unit represents the right to receive one share of MFA Financial, Inc. common stock.

F2 · derivative.exercise_date: The restricted stock units were fully vested as of the date of grant and will be settled in an equivalent number of shares of MFA common stock. Except in certain circumstances, the restricted stock units will be settled on the earlier of (i) the reporting person's termination of service as a director of MFA Financial, Inc. and (ii) on or about January 15, 2032.

F2 · derivative.expiration_date: The restricted stock units were fully vested as of the date of grant and will be settled in an equivalent number of shares of MFA common stock. Except in certain circumstances, the restricted stock units will be settled on the earlier of (i) the reporting person's termination of service as a director of MFA Financial, Inc. and (ii) on or about January 15, 2032.

SEC source: 0001104659-26-072380 · tm2617240-4_4seq1.xml · derivative · entry 1

JOSEPHS ROBIN · CIK 0001222801 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 109,238

Underlying: Common Stock · 16,448 shares

Expires 2032-01-15

F1 · derivative.exercise_price: Each restricted stock unit represents the right to receive one share of MFA Financial, Inc. common stock.

F2 · derivative.exercise_date: The restricted stock units were fully vested as of the date of grant and will be settled in an equivalent number of shares of MFA common stock. Except in certain circumstances, the restricted stock units will be settled on the earlier of (i) the reporting person's termination of service as a director of MFA Financial, Inc. and (ii) on or about January 15, 2032.

F2 · derivative.expiration_date: The restricted stock units were fully vested as of the date of grant and will be settled in an equivalent number of shares of MFA common stock. Except in certain circumstances, the restricted stock units will be settled on the earlier of (i) the reporting person's termination of service as a director of MFA Financial, Inc. and (ii) on or about January 15, 2032.

SEC source: 0001104659-26-072378 · tm2617240-3_4seq1.xml · derivative · entry 1

POLSKY LISA · CIK 0001390950 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 94,703

Underlying: Common Stock · 16,448 shares

Expires 2032-01-15

F1 · derivative.exercise_price: Each restricted stock unit represents the right to receive one share of MFA Financial, Inc. common stock.

F2 · derivative.exercise_date: The restricted stock units were fully vested as of the date of grant and will be settled in an equivalent number of shares of MFA common stock. Except in certain circumstances, the restricted stock units will be settled on the earlier of (i) the reporting person's termination of service as a director of MFA Financial, Inc. and (ii) on or about January 15, 2032.

F2 · derivative.expiration_date: The restricted stock units were fully vested as of the date of grant and will be settled in an equivalent number of shares of MFA common stock. Except in certain circumstances, the restricted stock units will be settled on the earlier of (i) the reporting person's termination of service as a director of MFA Financial, Inc. and (ii) on or about January 15, 2032.

SEC source: 0001104659-26-072377 · tm2617240-2_4seq1.xml · derivative · entry 1

Small Christopher R. · CIK 0002058269 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 32,288

Underlying: Common Stock · 16,448 shares

Expires 2032-01-15

F1 · derivative.exercise_price: Each restricted stock unit represents the right to receive one share of MFA Financial, Inc. common stock.

F2 · derivative.exercise_date: The restricted stock units were fully vested as of the date of grant and will be settled in an equivalent number of shares of MFA common stock. Except in certain circumstances, the restricted stock units will be settled on the earlier of (i) the reporting person's termination of service as a director of MFA Financial, Inc. and (ii) on or about January 15, 2032.

F2 · derivative.expiration_date: The restricted stock units were fully vested as of the date of grant and will be settled in an equivalent number of shares of MFA common stock. Except in certain circumstances, the restricted stock units will be settled on the earlier of (i) the reporting person's termination of service as a director of MFA Financial, Inc. and (ii) on or about January 15, 2032.

SEC source: 0001104659-26-072373 · tm2617240-1_4seq1.xml · derivative · entry 1

Stamps Sheila A · CIK 0001600782 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 54,720

Underlying: Common Stock · 16,448 shares

Expires 2032-01-15

F1 · derivative.exercise_price: Each restricted stock unit represents the right to receive one share of MFA Financial, Inc. common stock.

F2 · derivative.exercise_date: The restricted stock units were fully vested as of the date of grant and will be settled in an equivalent number of shares of MFA common stock. Except in certain circumstances, the restricted stock units will be settled on the earlier of (i) the reporting person's termination of service as a director of MFA Financial, Inc. and (ii) on or about January 15, 2032.

F2 · derivative.expiration_date: The restricted stock units were fully vested as of the date of grant and will be settled in an equivalent number of shares of MFA common stock. Except in certain circumstances, the restricted stock units will be settled on the earlier of (i) the reporting person's termination of service as a director of MFA Financial, Inc. and (ii) on or about January 15, 2032.

SEC source: 0001104659-26-005090 · tm262826-9_4seq1.xml · derivative · entry 2

JOSEPHS ROBIN · CIK 0001222801 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 92,790

Underlying: Common Stock · 3,473 shares

Expires 2026-01-15

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: The reported disposition reflects the settlement of RSUs (i.e., phantom stock) granted to the Reporting Person in 2016. Each phantom share was the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc. See footnote 1 above.

F2 · kind: The reported disposition reflects the settlement of RSUs (i.e., phantom stock) granted to the Reporting Person in 2016. Each phantom share was the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc. See footnote 1 above.

F2 · price: The reported disposition reflects the settlement of RSUs (i.e., phantom stock) granted to the Reporting Person in 2016. Each phantom share was the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc. See footnote 1 above.

F2 · derivative.exercise_date: The reported disposition reflects the settlement of RSUs (i.e., phantom stock) granted to the Reporting Person in 2016. Each phantom share was the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc. See footnote 1 above.

F2 · derivative.expiration_date: The reported disposition reflects the settlement of RSUs (i.e., phantom stock) granted to the Reporting Person in 2016. Each phantom share was the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc. See footnote 1 above.

SEC source: 0001104659-26-005090 · tm262826-9_4seq1.xml · nonDerivative · entry 1

JOSEPHS ROBIN · CIK 0001222801 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 35,454

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Shares acquired pursuant to the settlement of restricted stock units ("RSUs") (i.e., phantom stock) granted to the Reporting Person in 2016, the settlement of which was deferred under the MFA Financial, Inc. 2003 Non-Employee Directors' Deferred Compensation Plan. Each phantom share was fully vested upon grant and was the economic equivalent of one share of common stock of MFA Financial, Inc.

F1 · price: Shares acquired pursuant to the settlement of restricted stock units ("RSUs") (i.e., phantom stock) granted to the Reporting Person in 2016, the settlement of which was deferred under the MFA Financial, Inc. 2003 Non-Employee Directors' Deferred Compensation Plan. Each phantom share was fully vested upon grant and was the economic equivalent of one share of common stock of MFA Financial, Inc.

SEC source: 0001104659-26-005085 · tm262826-8_4seq1.xml · derivative · entry 2

Goodman Laurie · CIK 0001612789 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 140,391

Underlying: Common Stock · 3,473 shares

Expires 2026-01-15

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: The reported disposition reflects the settlement of RSUs (i.e., phantom stock) granted to the Reporting Person in 2016. Each phantom share was the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc. See footnote 1 above.

F2 · kind: The reported disposition reflects the settlement of RSUs (i.e., phantom stock) granted to the Reporting Person in 2016. Each phantom share was the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc. See footnote 1 above.

F2 · price: The reported disposition reflects the settlement of RSUs (i.e., phantom stock) granted to the Reporting Person in 2016. Each phantom share was the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc. See footnote 1 above.

F2 · derivative.exercise_date: The reported disposition reflects the settlement of RSUs (i.e., phantom stock) granted to the Reporting Person in 2016. Each phantom share was the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc. See footnote 1 above.

F2 · derivative.expiration_date: The reported disposition reflects the settlement of RSUs (i.e., phantom stock) granted to the Reporting Person in 2016. Each phantom share was the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc. See footnote 1 above.

SEC source: 0001104659-26-005085 · tm262826-8_4seq1.xml · nonDerivative · entry 1

Goodman Laurie · CIK 0001612789 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,480

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Shares acquired pursuant to the settlement of restricted stock units ("RSUs") (i.e., phantom stock) granted to the Reporting Person in 2016, the settlement of which was deferred under the MFA Financial, Inc. 2003 Non-Employee Directors' Deferred Compensation Plan. Each phantom share was fully vested upon grant and was the economic equivalent of one share of common stock of MFA Financial, Inc.

F1 · price: Shares acquired pursuant to the settlement of restricted stock units ("RSUs") (i.e., phantom stock) granted to the Reporting Person in 2016, the settlement of which was deferred under the MFA Financial, Inc. 2003 Non-Employee Directors' Deferred Compensation Plan. Each phantom share was fully vested upon grant and was the economic equivalent of one share of common stock of MFA Financial, Inc.

SEC source: 0001104659-26-002931 · tm262826-7_4seq1.xml · derivative · entry 6

Wulfsohn Bryan · CIK 0001629935 · Pres. & Chief Invest. Ofcr.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 647,671

Underlying: Common Stock · 130,187 shares

Expires 2026-01-08

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F8 · derivative.exercise_price: The reported disposition reflects the vesting of PRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc.

F8 · kind: The reported disposition reflects the vesting of PRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc.

F9 · shares: The number of PRSUs reported in Table II represents the "target" number of PRSUs that were granted to the reporting person in January 2023. Per the terms of the award agreement governing the PRSUs, the number of underlying shares of MFA common stock that the recipient ultimately became entitled to receive at the time of vesting ranged from 0% to 200% of the target number of PRSUs granted, subject to the achievement of a pre-established performance metric. The vesting of these PRSUs was based on MFA's total stockholder return for the three years ended December 31, 2025.

F10 · shares: The Compensation Committee of the Board of Directors of MFA has confirmed and certified the vesting level of the PRSUs as reflected in Table I. Per the terms of the award agreement governing the PRSUs, the number of PRSUs that vested was adjusted to reflect the value of any dividends paid on MFA's common stock during the performance period in respect of the number of underlying PRSUs that ultimately vested (see Note 4). Per the terms and conditions of the PRSU awards, the vested PRSUs will settle in the form of one share of common stock of MFA Financial, Inc. for each vested phantom share in January 2027.

F8 · price: The reported disposition reflects the vesting of PRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc.

F9 · derivative.underlying_shares: The number of PRSUs reported in Table II represents the "target" number of PRSUs that were granted to the reporting person in January 2023. Per the terms of the award agreement governing the PRSUs, the number of underlying shares of MFA common stock that the recipient ultimately became entitled to receive at the time of vesting ranged from 0% to 200% of the target number of PRSUs granted, subject to the achievement of a pre-established performance metric. The vesting of these PRSUs was based on MFA's total stockholder return for the three years ended December 31, 2025.

F10 · derivative.underlying_shares: The Compensation Committee of the Board of Directors of MFA has confirmed and certified the vesting level of the PRSUs as reflected in Table I. Per the terms of the award agreement governing the PRSUs, the number of PRSUs that vested was adjusted to reflect the value of any dividends paid on MFA's common stock during the performance period in respect of the number of underlying PRSUs that ultimately vested (see Note 4). Per the terms and conditions of the PRSU awards, the vested PRSUs will settle in the form of one share of common stock of MFA Financial, Inc. for each vested phantom share in January 2027.

SEC source: 0001104659-26-002931 · tm262826-7_4seq1.xml · derivative · entry 5

Wulfsohn Bryan · CIK 0001629935 · Pres. & Chief Invest. Ofcr.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 777,858

Underlying: Common Stock · 67,914 shares

Expires 2026-01-08

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F7 · derivative.exercise_price: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

F7 · kind: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

F7 · price: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

SEC source: 0001104659-26-002931 · tm262826-7_4seq1.xml · nonDerivative · entry 4

Wulfsohn Bryan · CIK 0001629935 · Pres. & Chief Invest. Ofcr.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 391,515

F6 · kind: The reported disposition represents the surrender of shares to satisfy tax obligations arising from the settlement of previously vested phantom shares.

SEC source: 0001104659-26-002931 · tm262826-7_4seq1.xml · nonDerivative · entry 3

Wulfsohn Bryan · CIK 0001629935 · Pres. & Chief Invest. Ofcr.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 404,854

F5 · kind: The reported disposition represents the surrender of shares to satisfy tax obligations arising from the settlement of phantom shares described in Notes 1 and 7.

SEC source: 0001104659-26-002931 · tm262826-7_4seq1.xml · nonDerivative · entry 2

Wulfsohn Bryan · CIK 0001629935 · Pres. & Chief Invest. Ofcr.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 440,286

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · kind: Reflects shares to be acquired in connection with the vesting of performance-based restricted stock units ("PRSUs") (i.e., phantom stock) granted to the Reporting Person in January 2023 as discussed in Notes 8, 9 and 10 below. The number of shares reported also includes 72,624 additional PRSUs representing the value of the dividend equivalents that accrued during the three-year performance period ended December 31, 2025, in respect of the underlying PRSUs that vested. Per the terms and conditions of the PRSU awards, the vested PRSUs and the additional PRSUs in respect of dividend equivalents will settle in January 2027 in the form of one share of common stock of MFA Financial, Inc. for each PRSU.

F4 · shares: Reflects shares to be acquired in connection with the vesting of performance-based restricted stock units ("PRSUs") (i.e., phantom stock) granted to the Reporting Person in January 2023 as discussed in Notes 8, 9 and 10 below. The number of shares reported also includes 72,624 additional PRSUs representing the value of the dividend equivalents that accrued during the three-year performance period ended December 31, 2025, in respect of the underlying PRSUs that vested. Per the terms and conditions of the PRSU awards, the vested PRSUs and the additional PRSUs in respect of dividend equivalents will settle in January 2027 in the form of one share of common stock of MFA Financial, Inc. for each PRSU.

F2 · price: Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was or will be settled in one share of common stock of MFA Financial, Inc.

SEC source: 0001104659-26-002931 · tm262826-7_4seq1.xml · nonDerivative · entry 1

Wulfsohn Bryan · CIK 0001629935 · Pres. & Chief Invest. Ofcr.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 208,196

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Shares acquired pursuant to the settlement of time-based restricted stock units ("TRSUs") (i.e., phantom stock) granted to the Reporting Person in January 2023.

F2 · price: Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was or will be settled in one share of common stock of MFA Financial, Inc.

F3 · balance_after: Effective December 1, 2025, MFA Financial, Inc. ("MFA") eliminated MFA common stock as an investment alternative available under MFA's 401(k) plan, and shares of MFA common stock owned by participants through the 401(k) plan were liquidated. The number of shares beneficially owned by the Reporting Person has been reduced to reflect the liquidation of 819 shares of MFA common stock previously owned by him under the MFA 401(k) plan.

SEC source: 0001104659-26-002929 · tm262826-6_4seq1.xml · derivative · entry 6

Seemungal Natasha · CIK 0001903410 · Sr. VP & Co-Controller

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 42,534

Underlying: Common Stock · 9,434 shares

Expires 2026-01-08

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F7 · derivative.exercise_price: The reported disposition reflects the vesting of PRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc.

F7 · kind: The reported disposition reflects the vesting of PRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc.

F8 · shares: The number of PRSUs reported in Table II represents the "target" number of PRSUs that were granted to the reporting person in January 2023. Per the terms of the award agreement governing the PRSUs, the number of underlying shares of MFA common stock that the recipient ultimately became entitled to receive at the time of vesting ranged from 0% to 200% of the target number of PRSUs granted, subject to the achievement of a pre-established performance metric. The vesting of these PRSUs was based on MFA's total stockholder return for the three years ended December 31, 2025.

F9 · shares: The Compensation Committee of the Board of Directors of MFA has confirmed and certified the vesting level of the PRSUs as reflected in Table I. Per the terms of the award agreement governing the PRSUs, the number of PRSUs that vested was adjusted to reflect the value of any dividends paid on MFA's common stock during the performance period in respect of the number of underlying PRSUs that ultimately vested (see Note 3). Per the terms and conditions of the PRSU awards, the vested PRSUs will settle in the form of one share of common stock of MFA Financial, Inc. for each vested phantom share in January 2027.

F7 · price: The reported disposition reflects the vesting of PRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc.

F8 · derivative.underlying_shares: The number of PRSUs reported in Table II represents the "target" number of PRSUs that were granted to the reporting person in January 2023. Per the terms of the award agreement governing the PRSUs, the number of underlying shares of MFA common stock that the recipient ultimately became entitled to receive at the time of vesting ranged from 0% to 200% of the target number of PRSUs granted, subject to the achievement of a pre-established performance metric. The vesting of these PRSUs was based on MFA's total stockholder return for the three years ended December 31, 2025.

F9 · derivative.underlying_shares: The Compensation Committee of the Board of Directors of MFA has confirmed and certified the vesting level of the PRSUs as reflected in Table I. Per the terms of the award agreement governing the PRSUs, the number of PRSUs that vested was adjusted to reflect the value of any dividends paid on MFA's common stock during the performance period in respect of the number of underlying PRSUs that ultimately vested (see Note 3). Per the terms and conditions of the PRSU awards, the vested PRSUs will settle in the form of one share of common stock of MFA Financial, Inc. for each vested phantom share in January 2027.

SEC source: 0001104659-26-002929 · tm262826-6_4seq1.xml · derivative · entry 5

Seemungal Natasha · CIK 0001903410 · Sr. VP & Co-Controller

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 51,968

Underlying: Common Stock · 4,922 shares

Expires 2026-01-08

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F6 · derivative.exercise_price: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

F6 · kind: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

F6 · price: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

SEC source: 0001104659-26-002929 · tm262826-6_4seq1.xml · nonDerivative · entry 4

Seemungal Natasha · CIK 0001903410 · Sr. VP & Co-Controller

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 30,090

F5 · kind: The reported disposition represents the surrender of shares to satisfy tax obligations arising from the settlement of previously vested phantom shares.

SEC source: 0001104659-26-002929 · tm262826-6_4seq1.xml · nonDerivative · entry 3

Seemungal Natasha · CIK 0001903410 · Sr. VP & Co-Controller

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 31,560

F4 · kind: The reported disposition represents the surrender of shares to satisfy tax obligations arising from the settlement of phantom shares described in Notes 1 and 6.

SEC source: 0001104659-26-002929 · tm262826-6_4seq1.xml · nonDerivative · entry 2

Seemungal Natasha · CIK 0001903410 · Sr. VP & Co-Controller

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 33,826

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · kind: Reflects shares to be acquired in connection with the vesting of performance-based restricted stock units ("PRSUs") (i.e., phantom stock) granted to the Reporting Person in January 2023 as discussed in Notes 7, 8 and 9 below. The number of shares reported also includes 5,268 additional PRSUs representing the value of the dividend equivalents that accrued during the three-year performance period ended December 31, 2025, in respect of the underlying PRSUs that vested. Per the terms and conditions of the PRSU awards, the vested PRSUs and the additional PRSUs in respect of dividend equivalents will settle in January 2027 in the form of one share of common stock of MFA Financial, Inc. for each PRSU.

F3 · shares: Reflects shares to be acquired in connection with the vesting of performance-based restricted stock units ("PRSUs") (i.e., phantom stock) granted to the Reporting Person in January 2023 as discussed in Notes 7, 8 and 9 below. The number of shares reported also includes 5,268 additional PRSUs representing the value of the dividend equivalents that accrued during the three-year performance period ended December 31, 2025, in respect of the underlying PRSUs that vested. Per the terms and conditions of the PRSU awards, the vested PRSUs and the additional PRSUs in respect of dividend equivalents will settle in January 2027 in the form of one share of common stock of MFA Financial, Inc. for each PRSU.

F2 · price: Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was or will be settled in one share of common stock of MFA Financial, Inc.

SEC source: 0001104659-26-002929 · tm262826-6_4seq1.xml · nonDerivative · entry 1

Seemungal Natasha · CIK 0001903410 · Sr. VP & Co-Controller

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 17,003

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Shares acquired pursuant to the settlement of time-based restricted stock units ("TRSUs") (i.e., phantom stock) granted to the Reporting Person in January 2023.

F2 · price: Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was or will be settled in one share of common stock of MFA Financial, Inc.

SEC source: 0001104659-26-002926 · tm262826-5_4seq1.xml · derivative · entry 6

Schwartz Harold E · CIK 0001527449 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 222,542

Underlying: Common Stock · 50,944 shares

Expires 2026-01-08

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F7 · derivative.exercise_price: The reported disposition reflects the vesting of PRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc.

F7 · kind: The reported disposition reflects the vesting of PRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc.

F8 · shares: The number of PRSUs reported in Table II represents the "target" number of PRSUs that were granted to the reporting person in January 2023. Per the terms of the award agreement governing the PRSUs, the number of underlying shares of MFA common stock that the recipient ultimately became entitled to receive at the time of vesting ranged from 0% to 200% of the target number of PRSUs granted, subject to the achievement of a pre-established performance metric. The vesting of these PRSUs was based on MFA's total stockholder return for the three years ended December 31, 2025.

F9 · shares: The Compensation Committee of the Board of Directors of MFA has confirmed and certified the vesting level of the PRSUs as reflected in Table I. Per the terms of the award agreement governing the PRSUs, the number of PRSUs that vested was adjusted to reflect the value of any dividends paid on MFA's common stock during the performance period in respect of the number of underlying PRSUs that ultimately vested (see Note 3). Per the terms and conditions of the PRSU awards, the vested PRSUs will settle in the form of one share of common stock of MFA Financial, Inc. for each vested phantom share in January 2027.

F7 · price: The reported disposition reflects the vesting of PRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc.

F8 · derivative.underlying_shares: The number of PRSUs reported in Table II represents the "target" number of PRSUs that were granted to the reporting person in January 2023. Per the terms of the award agreement governing the PRSUs, the number of underlying shares of MFA common stock that the recipient ultimately became entitled to receive at the time of vesting ranged from 0% to 200% of the target number of PRSUs granted, subject to the achievement of a pre-established performance metric. The vesting of these PRSUs was based on MFA's total stockholder return for the three years ended December 31, 2025.

F9 · derivative.underlying_shares: The Compensation Committee of the Board of Directors of MFA has confirmed and certified the vesting level of the PRSUs as reflected in Table I. Per the terms of the award agreement governing the PRSUs, the number of PRSUs that vested was adjusted to reflect the value of any dividends paid on MFA's common stock during the performance period in respect of the number of underlying PRSUs that ultimately vested (see Note 3). Per the terms and conditions of the PRSU awards, the vested PRSUs will settle in the form of one share of common stock of MFA Financial, Inc. for each vested phantom share in January 2027.

SEC source: 0001104659-26-002926 · tm262826-5_4seq1.xml · derivative · entry 5

Schwartz Harold E · CIK 0001527449 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 273,486

Underlying: Common Stock · 26,575 shares

Expires 2026-01-08

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F6 · derivative.exercise_price: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

F6 · kind: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

F6 · price: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

SEC source: 0001104659-26-002926 · tm262826-5_4seq1.xml · nonDerivative · entry 4

Schwartz Harold E · CIK 0001527449 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 159,518

F5 · kind: The reported disposition represents the surrender of shares to satisfy tax obligations arising from the settlement of previously vested phantom shares.

SEC source: 0001104659-26-002926 · tm262826-5_4seq1.xml · nonDerivative · entry 3

Schwartz Harold E · CIK 0001527449 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 165,100

F4 · kind: The reported disposition represents the surrender of shares to satisfy tax obligations arising from the settlement of phantom shares described in Notes 1 and 6.

SEC source: 0001104659-26-002926 · tm262826-5_4seq1.xml · nonDerivative · entry 2

Schwartz Harold E · CIK 0001527449 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 180,565

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · kind: Reflects shares to be acquired in connection with the vesting of performance-based restricted stock units ("PRSUs") (i.e., phantom stock) granted to the Reporting Person in January 2023 as discussed in Notes 7, 8 and 9 below. The number of shares reported also includes 28,420 additional PRSUs representing the value of the dividend equivalents that accrued during the three-year performance period ended December 31, 2025, in respect of the underlying PRSUs that vested. Per the terms and conditions of the PRSU awards, the vested PRSUs and the additional PRSUs in respect of dividend equivalents will settle in January 2027 in the form of one share of common stock of MFA Financial, Inc. for each PRSU.

F3 · shares: Reflects shares to be acquired in connection with the vesting of performance-based restricted stock units ("PRSUs") (i.e., phantom stock) granted to the Reporting Person in January 2023 as discussed in Notes 7, 8 and 9 below. The number of shares reported also includes 28,420 additional PRSUs representing the value of the dividend equivalents that accrued during the three-year performance period ended December 31, 2025, in respect of the underlying PRSUs that vested. Per the terms and conditions of the PRSU awards, the vested PRSUs and the additional PRSUs in respect of dividend equivalents will settle in January 2027 in the form of one share of common stock of MFA Financial, Inc. for each PRSU.

F2 · price: Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was or will be settled in one share of common stock of MFA Financial, Inc.

SEC source: 0001104659-26-002926 · tm262826-5_4seq1.xml · nonDerivative · entry 1

Schwartz Harold E · CIK 0001527449 · Senior Vice President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 89,744

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Shares acquired pursuant to the settlement of time-based restricted stock units ("TRSUs") (i.e., phantom stock) granted to the Reporting Person in January 2023.

F2 · price: Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was or will be settled in one share of common stock of MFA Financial, Inc.

SEC source: 0001104659-26-002924 · tm262826-3_4seq1.xml · derivative · entry 6

Roper Michael Charles · CIK 0001903409 · Sr. VP & Chief Financial Ofcr

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 234,035

Underlying: Common Stock · 30,189 shares

Expires 2026-01-08

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F8 · derivative.exercise_price: The reported disposition reflects the vesting of PRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc.

F8 · kind: The reported disposition reflects the vesting of PRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc.

F9 · shares: The number of PRSUs reported in Table II represents the "target" number of PRSUs that were granted to the reporting person in January 2023. Per the terms of the award agreement governing the PRSUs, the number of underlying shares of MFA common stock that the recipient ultimately became entitled to receive at the time of vesting ranged from 0% to 200% of the target number of PRSUs granted, subject to the achievement of a pre-established performance metric. The vesting of these PRSUs was based on MFA's total stockholder return for the three years ended December 31, 2025.

F10 · shares: The Compensation Committee of the Board of Directors of MFA has confirmed and certified the vesting level of the PRSUs as reflected in Table I. Per the terms of the award agreement governing the PRSUs, the number of PRSUs that vested was adjusted to reflect the value of any dividends paid on MFA's common stock during the performance period in respect of the number of underlying PRSUs that ultimately vested (see Note 4). Per the terms and conditions of the PRSU awards, the vested PRSUs will settle in the form of one share of common stock of MFA Financial, Inc. for each vested phantom share in January 2027.

F8 · price: The reported disposition reflects the vesting of PRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc.

F9 · derivative.underlying_shares: The number of PRSUs reported in Table II represents the "target" number of PRSUs that were granted to the reporting person in January 2023. Per the terms of the award agreement governing the PRSUs, the number of underlying shares of MFA common stock that the recipient ultimately became entitled to receive at the time of vesting ranged from 0% to 200% of the target number of PRSUs granted, subject to the achievement of a pre-established performance metric. The vesting of these PRSUs was based on MFA's total stockholder return for the three years ended December 31, 2025.

F10 · derivative.underlying_shares: The Compensation Committee of the Board of Directors of MFA has confirmed and certified the vesting level of the PRSUs as reflected in Table I. Per the terms of the award agreement governing the PRSUs, the number of PRSUs that vested was adjusted to reflect the value of any dividends paid on MFA's common stock during the performance period in respect of the number of underlying PRSUs that ultimately vested (see Note 4). Per the terms and conditions of the PRSU awards, the vested PRSUs will settle in the form of one share of common stock of MFA Financial, Inc. for each vested phantom share in January 2027.

SEC source: 0001104659-26-002924 · tm262826-3_4seq1.xml · derivative · entry 5

Roper Michael Charles · CIK 0001903409 · Sr. VP & Chief Financial Ofcr

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 264,224

Underlying: Common Stock · 15,749 shares

Expires 2026-01-08

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F7 · derivative.exercise_price: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

F7 · kind: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

F7 · price: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

SEC source: 0001104659-26-002924 · tm262826-3_4seq1.xml · nonDerivative · entry 4

Roper Michael Charles · CIK 0001903409 · Sr. VP & Chief Financial Ofcr

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 88,138

F6 · kind: The reported disposition represents the surrender of shares to satisfy tax obligations arising from the settlement of previously vested phantom shares.

SEC source: 0001104659-26-002924 · tm262826-3_4seq1.xml · nonDerivative · entry 3

Roper Michael Charles · CIK 0001903409 · Sr. VP & Chief Financial Ofcr

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 91,355

F5 · kind: The reported disposition represents the surrender of shares to satisfy tax obligations arising from the settlement of phantom shares described in Notes 1 and 7.

SEC source: 0001104659-26-002924 · tm262826-3_4seq1.xml · nonDerivative · entry 2

Roper Michael Charles · CIK 0001903409 · Sr. VP & Chief Financial Ofcr

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 100,165

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · kind: Reflects shares to be acquired in connection with the vesting of performance-based restricted stock units ("PRSUs") (i.e., phantom stock) granted to the Reporting Person in January 2023 as discussed in Notes 8, 9 and 10 below. The number of shares reported also includes 16,848 additional PRSUs representing the value of the dividend equivalents that accrued during the three-year performance period ended December 31, 2025, in respect of the underlying PRSUs that vested. Per the terms and conditions of the PRSU awards, the vested PRSUs and the additional PRSUs in respect of dividend equivalents will settle in January 2027 in the form of one share of common stock of MFA Financial, Inc. for each PRSU.

F4 · shares: Reflects shares to be acquired in connection with the vesting of performance-based restricted stock units ("PRSUs") (i.e., phantom stock) granted to the Reporting Person in January 2023 as discussed in Notes 8, 9 and 10 below. The number of shares reported also includes 16,848 additional PRSUs representing the value of the dividend equivalents that accrued during the three-year performance period ended December 31, 2025, in respect of the underlying PRSUs that vested. Per the terms and conditions of the PRSU awards, the vested PRSUs and the additional PRSUs in respect of dividend equivalents will settle in January 2027 in the form of one share of common stock of MFA Financial, Inc. for each PRSU.

F2 · price: Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was or will be settled in one share of common stock of MFA Financial, Inc.

SEC source: 0001104659-26-002924 · tm262826-3_4seq1.xml · nonDerivative · entry 1

Roper Michael Charles · CIK 0001903409 · Sr. VP & Chief Financial Ofcr

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 46,338

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Shares acquired pursuant to the settlement of time-based restricted stock units ("TRSUs") (i.e., phantom stock) granted to the Reporting Person in January 2023.

F2 · price: Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was or will be settled in one share of common stock of MFA Financial, Inc.

F3 · balance_after: Effective December 1, 2025, MFA Financial, Inc. ("MFA") eliminated MFA common stock as an investment alternative available under MFA's 401(k) plan, and shares of MFA common stock owned by participants through the 401(k) plan were liquidated. The number of shares beneficially owned by the Reporting Person has been reduced to reflect the liquidation of 1,000 shares of MFA common stock previously owned by him under the MFA 401(k) plan.

SEC source: 0001104659-26-002922 · tm262826-2_4seq1.xml · derivative · entry 6

Lin Mei · CIK 0001903408 · Sr. VP & Co-Controller

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 42,534

Underlying: Common Stock · 9,434 shares

Expires 2026-01-08

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F7 · derivative.exercise_price: The reported disposition reflects the vesting of PRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc.

F7 · kind: The reported disposition reflects the vesting of PRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc.

F8 · shares: The number of PRSUs reported in Table II represents the "target" number of PRSUs that were granted to the reporting person in January 2023. Per the terms of the award agreement governing the PRSUs, the number of underlying shares of MFA common stock that the recipient ultimately became entitled to receive at the time of vesting ranged from 0% to 200% of the target number of PRSUs granted, subject to the achievement of a pre-established performance metric. The vesting of these PRSUs was based on MFA's total stockholder return for the three years ended December 31, 2025.

F9 · shares: The Compensation Committee of the Board of Directors of MFA has confirmed and certified the vesting level of the PRSUs as reflected in Table I. Per the terms of the award agreement governing the PRSUs, the number of PRSUs that vested was adjusted to reflect the value of any dividends paid on MFA's common stock during the performance period in respect of the number of underlying PRSUs that ultimately vested (see Note 3). Per the terms and conditions of the PRSU awards, the vested PRSUs will settle in the form of one share of common stock of MFA Financial, Inc. for each vested phantom share in January 2027.

F7 · price: The reported disposition reflects the vesting of PRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc.

F8 · derivative.underlying_shares: The number of PRSUs reported in Table II represents the "target" number of PRSUs that were granted to the reporting person in January 2023. Per the terms of the award agreement governing the PRSUs, the number of underlying shares of MFA common stock that the recipient ultimately became entitled to receive at the time of vesting ranged from 0% to 200% of the target number of PRSUs granted, subject to the achievement of a pre-established performance metric. The vesting of these PRSUs was based on MFA's total stockholder return for the three years ended December 31, 2025.

F9 · derivative.underlying_shares: The Compensation Committee of the Board of Directors of MFA has confirmed and certified the vesting level of the PRSUs as reflected in Table I. Per the terms of the award agreement governing the PRSUs, the number of PRSUs that vested was adjusted to reflect the value of any dividends paid on MFA's common stock during the performance period in respect of the number of underlying PRSUs that ultimately vested (see Note 3). Per the terms and conditions of the PRSU awards, the vested PRSUs will settle in the form of one share of common stock of MFA Financial, Inc. for each vested phantom share in January 2027.

SEC source: 0001104659-26-002922 · tm262826-2_4seq1.xml · derivative · entry 5

Lin Mei · CIK 0001903408 · Sr. VP & Co-Controller

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 51,968

Underlying: Common Stock · 4,922 shares

Expires 2026-01-08

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F6 · derivative.exercise_price: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

F6 · kind: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

F6 · price: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

SEC source: 0001104659-26-002922 · tm262826-2_4seq1.xml · nonDerivative · entry 4

Lin Mei · CIK 0001903408 · Sr. VP & Co-Controller

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 32,131

F5 · kind: The reported disposition represents the surrender of shares to satisfy tax obligations arising from the settlement of previously vested phantom shares.

SEC source: 0001104659-26-002922 · tm262826-2_4seq1.xml · nonDerivative · entry 3

Lin Mei · CIK 0001903408 · Sr. VP & Co-Controller

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 33,466

F4 · kind: The reported disposition represents the surrender of shares to satisfy tax obligations arising from the settlement of phantom shares described in Notes 1 and 6.

SEC source: 0001104659-26-002922 · tm262826-2_4seq1.xml · nonDerivative · entry 2

Lin Mei · CIK 0001903408 · Sr. VP & Co-Controller

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 35,523

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · kind: Reflects shares to be acquired in connection with the vesting of performance-based restricted stock units ("PRSUs") (i.e., phantom stock) granted to the Reporting Person in January 2023 as discussed in Notes 7, 8 and 9 below. The number of shares reported also includes 5,268 additional PRSUs representing the value of the dividend equivalents that accrued during the three-year performance period ended December 31, 2025, in respect of the underlying PRSUs that vested. Per the terms and conditions of the PRSU awards, the vested PRSUs and the additional PRSUs in respect of dividend equivalents will settle in January 2027 in the form of one share of common stock of MFA Financial, Inc. for each PRSU.

F3 · shares: Reflects shares to be acquired in connection with the vesting of performance-based restricted stock units ("PRSUs") (i.e., phantom stock) granted to the Reporting Person in January 2023 as discussed in Notes 7, 8 and 9 below. The number of shares reported also includes 5,268 additional PRSUs representing the value of the dividend equivalents that accrued during the three-year performance period ended December 31, 2025, in respect of the underlying PRSUs that vested. Per the terms and conditions of the PRSU awards, the vested PRSUs and the additional PRSUs in respect of dividend equivalents will settle in January 2027 in the form of one share of common stock of MFA Financial, Inc. for each PRSU.

F2 · price: Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was or will be settled in one share of common stock of MFA Financial, Inc.

SEC source: 0001104659-26-002922 · tm262826-2_4seq1.xml · nonDerivative · entry 1

Lin Mei · CIK 0001903408 · Sr. VP & Co-Controller

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,700

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Shares acquired pursuant to the settlement of time-based restricted stock units ("TRSUs") (i.e., phantom stock) granted to the Reporting Person in January 2023.

F2 · price: Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was or will be settled in one share of common stock of MFA Financial, Inc.

SEC source: 0001104659-26-002925 · tm262826-4_4seq1.xml · derivative · entry 6

Samuels Lori R · CIK 0002037536 · SVP & Chief Loan Ops. Ofcr

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 168,192

Underlying: Common Stock · 30,189 shares

Expires 2026-01-08

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F7 · derivative.exercise_price: The reported disposition reflects the vesting of PRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc.

F7 · kind: The reported disposition reflects the vesting of PRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc.

F8 · shares: The number of PRSUs reported in Table II represents the "target" number of PRSUs that were granted to the reporting person in January 2023. Per the terms of the award agreement governing the PRSUs, the number of underlying shares of MFA common stock that the recipient ultimately became entitled to receive at the time of vesting ranged from 0% to 200% of the target number of PRSUs granted, subject to the achievement of a pre-established performance metric. The vesting of these PRSUs was based on MFA's total stockholder return for the three years ended December 31, 2025.

F9 · shares: The Compensation Committee of the Board of Directors of MFA has confirmed and certified the vesting level of the PRSUs as reflected in Table I. Per the terms of the award agreement governing the PRSUs, the number of PRSUs that vested was adjusted to reflect the value of any dividends paid on MFA's common stock during the performance period in respect of the number of underlying PRSUs that ultimately vested (see Note 3). Per the terms and conditions of the PRSU awards, the vested PRSUs will settle in the form of one share of common stock of MFA Financial, Inc. for each vested phantom share in January 2027.

F7 · price: The reported disposition reflects the vesting of PRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc.

F8 · derivative.underlying_shares: The number of PRSUs reported in Table II represents the "target" number of PRSUs that were granted to the reporting person in January 2023. Per the terms of the award agreement governing the PRSUs, the number of underlying shares of MFA common stock that the recipient ultimately became entitled to receive at the time of vesting ranged from 0% to 200% of the target number of PRSUs granted, subject to the achievement of a pre-established performance metric. The vesting of these PRSUs was based on MFA's total stockholder return for the three years ended December 31, 2025.

F9 · derivative.underlying_shares: The Compensation Committee of the Board of Directors of MFA has confirmed and certified the vesting level of the PRSUs as reflected in Table I. Per the terms of the award agreement governing the PRSUs, the number of PRSUs that vested was adjusted to reflect the value of any dividends paid on MFA's common stock during the performance period in respect of the number of underlying PRSUs that ultimately vested (see Note 3). Per the terms and conditions of the PRSU awards, the vested PRSUs will settle in the form of one share of common stock of MFA Financial, Inc. for each vested phantom share in January 2027.

SEC source: 0001104659-26-002925 · tm262826-4_4seq1.xml · derivative · entry 5

Samuels Lori R · CIK 0002037536 · SVP & Chief Loan Ops. Ofcr

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 198,381

Underlying: Common Stock · 15,749 shares

Expires 2026-01-08

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F6 · derivative.exercise_price: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

F6 · kind: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

F6 · price: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

SEC source: 0001104659-26-002925 · tm262826-4_4seq1.xml · nonDerivative · entry 4

Samuels Lori R · CIK 0002037536 · SVP & Chief Loan Ops. Ofcr

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 92,614

F5 · kind: The reported disposition represents the surrender of shares to satisfy tax obligations arising from the settlement of previously vested phantom shares.

SEC source: 0001104659-26-002925 · tm262826-4_4seq1.xml · nonDerivative · entry 3

Samuels Lori R · CIK 0002037536 · SVP & Chief Loan Ops. Ofcr

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 96,075

F4 · kind: The reported disposition represents the surrender of shares to satisfy tax obligations arising from the settlement of phantom shares described in Notes 1 and 6.

SEC source: 0001104659-26-002925 · tm262826-4_4seq1.xml · nonDerivative · entry 2

Samuels Lori R · CIK 0002037536 · SVP & Chief Loan Ops. Ofcr

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 105,554

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · kind: Reflects shares to be acquired in connection with the vesting of performance-based restricted stock units ("PRSUs") (i.e., phantom stock) granted to the Reporting Person in January 2023 as discussed in Notes 7, 8 and 9 below. The number of shares reported also includes 16,848 additional PRSUs representing the value of the dividend equivalents that accrued during the three-year performance period ended December 31, 2025, in respect of the underlying PRSUs that vested. Per the terms and conditions of the PRSU awards, the vested PRSUs and the additional PRSUs in respect of dividend equivalents will settle in January 2027 in the form of one share of common stock of MFA Financial, Inc. for each PRSU.

F3 · shares: Reflects shares to be acquired in connection with the vesting of performance-based restricted stock units ("PRSUs") (i.e., phantom stock) granted to the Reporting Person in January 2023 as discussed in Notes 7, 8 and 9 below. The number of shares reported also includes 16,848 additional PRSUs representing the value of the dividend equivalents that accrued during the three-year performance period ended December 31, 2025, in respect of the underlying PRSUs that vested. Per the terms and conditions of the PRSU awards, the vested PRSUs and the additional PRSUs in respect of dividend equivalents will settle in January 2027 in the form of one share of common stock of MFA Financial, Inc. for each PRSU.

F2 · price: Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was or will be settled in one share of common stock of MFA Financial, Inc.

SEC source: 0001104659-26-002925 · tm262826-4_4seq1.xml · nonDerivative · entry 1

Samuels Lori R · CIK 0002037536 · SVP & Chief Loan Ops. Ofcr

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 51,727

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: Shares acquired pursuant to the settlement of time-based restricted stock units ("TRSUs") (i.e., phantom stock) granted to the Reporting Person in January 2023.

F2 · price: Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was or will be settled in one share of common stock of MFA Financial, Inc.

SEC source: 0001104659-26-002921 · tm262826-1_4seq1.xml · derivative · entry 6

Knutson Craig L · CIK 0001431830 · Director · CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,241,089

Underlying: Common Stock · 301,882 shares

Expires 2026-01-08

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F8 · derivative.exercise_price: The reported disposition reflects the vesting of PRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc.

F8 · kind: The reported disposition reflects the vesting of PRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc.

F9 · shares: The number of PRSUs reported in Table II represents the "target" number of PRSUs that were granted to the reporting person in January 2023. Per the terms of the award agreement governing the PRSUs, the number of underlying shares of MFA common stock that the recipient ultimately became entitled to receive at the time of vesting ranged from 0% to 200% of the target number of PRSUs granted, subject to the achievement of a pre-established performance metric. The vesting of these PRSUs was based on MFA's total stockholder return for the three years ended December 31, 2025.

F10 · shares: The Compensation Committee of the Board of Directors of MFA has confirmed and certified the vesting level of the PRSUs as reflected in Table I. Per the terms of the award agreement governing the PRSUs, the number of PRSUs that vested was adjusted to reflect the value of any dividends paid on MFA's common stock during the performance period in respect of the number of underlying PRSUs that ultimately vested (see Note 4). Per the terms and conditions of the PRSU awards, the vested PRSUs will settle in the form of one share of common stock of MFA Financial, Inc. for each vested phantom share in January 2027.

F7 · price: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

F9 · derivative.underlying_shares: The number of PRSUs reported in Table II represents the "target" number of PRSUs that were granted to the reporting person in January 2023. Per the terms of the award agreement governing the PRSUs, the number of underlying shares of MFA common stock that the recipient ultimately became entitled to receive at the time of vesting ranged from 0% to 200% of the target number of PRSUs granted, subject to the achievement of a pre-established performance metric. The vesting of these PRSUs was based on MFA's total stockholder return for the three years ended December 31, 2025.

F10 · derivative.underlying_shares: The Compensation Committee of the Board of Directors of MFA has confirmed and certified the vesting level of the PRSUs as reflected in Table I. Per the terms of the award agreement governing the PRSUs, the number of PRSUs that vested was adjusted to reflect the value of any dividends paid on MFA's common stock during the performance period in respect of the number of underlying PRSUs that ultimately vested (see Note 4). Per the terms and conditions of the PRSU awards, the vested PRSUs will settle in the form of one share of common stock of MFA Financial, Inc. for each vested phantom share in January 2027.

SEC source: 0001104659-26-002921 · tm262826-1_4seq1.xml · derivative · entry 5

Knutson Craig L · CIK 0001431830 · Director · CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,542,971

Underlying: Common Stock · 157,481 shares

Expires 2026-01-08

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F7 · derivative.exercise_price: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

F7 · kind: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

F7 · price: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2023. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

SEC source: 0001104659-26-002921 · tm262826-1_4seq1.xml · nonDerivative · entry 4

Knutson Craig L · CIK 0001431830 · Director · CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,183,342

F6 · kind: The reported disposition represents the surrender of shares to satisfy tax obligations arising from the settlement of previously vested phantom shares.

SEC source: 0001104659-26-002921 · tm262826-1_4seq1.xml · nonDerivative · entry 3

Knutson Craig L · CIK 0001431830 · Director · CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,225,469

F5 · kind: The reported disposition represents the surrender of shares to satisfy tax obligations arising from the settlement of phantom shares described in Notes 1 and 7.