NLY

SEC source: 0001688537-26-000011 · wk-form4_1785874529.xml · nonDerivative · entry 1

Finkelstein David L · CIK 0001688537 · Director · CEO and Co-CIO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 761,012

F1 · shares: 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.

F2 · price: 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.

F3 · balance_after: 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.

SEC source: 0001769848-26-000002 · wk-form4_1781294647.xml · derivative · entry 3

Hamilton Thomas Edward · CIK 0001769848 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 53,884

Underlying: Common Stock · 8,641 shares

Expires not disclosed

F1 · derivative.exercise_price: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.exercise_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.expiration_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F2 · balance_after: Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions.

SEC source: 0001767813-26-000002 · wk-form4_1781294629.xml · derivative · entry 2

Hannan Kathy Hopinkah · CIK 0001767813 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 44,348

Underlying: Common Stock · 8,641 shares

Expires not disclosed

F1 · derivative.exercise_price: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.exercise_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.expiration_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F2 · balance_after: Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions.

SEC source: 0001963683-26-000002 · wk-form4_1781294613.xml · derivative · entry 2

Laguerre Martin · CIK 0001963683 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 42,160

Underlying: Common Stock · 8,641 shares

Expires not disclosed

F1 · derivative.exercise_price: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.exercise_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.expiration_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F2 · balance_after: Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions.

SEC source: 0001584807-26-000002 · wk-form4_1781294596.xml · derivative · entry 2

VOTEK GLENN · CIK 0001584807 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 44,348

Underlying: Common Stock · 8,641 shares

Expires not disclosed

F1 · derivative.exercise_price: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.exercise_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.expiration_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F2 · balance_after: Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions.

SEC source: 0001992953-26-000002 · wk-form4_1781294584.xml · derivative · entry 2

Laroche Manon · CIK 0001992953 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 26,185

Underlying: Common Stock · 8,641 shares

Expires not disclosed

F1 · derivative.exercise_price: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.exercise_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.expiration_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F2 · balance_after: Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions.

SEC source: 0001721212-26-000002 · wk-form4_1781294545.xml · derivative · entry 2

Williams Vicki · CIK 0001721212 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 57,099

Underlying: Common Stock · 8,641 shares

Expires not disclosed

F1 · derivative.exercise_price: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.exercise_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.expiration_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F2 · balance_after: Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions.

SEC source: 0001994436-26-000002 · wk-form4_1781294517.xml · derivative · entry 2

Wede Scott · CIK 0001994436 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 26,185

Underlying: Common Stock · 8,641 shares

Expires not disclosed

F1 · derivative.exercise_price: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.exercise_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.expiration_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F2 · balance_after: Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions.

SEC source: 0001851872-26-000004 · wk-form4_1781294501.xml · derivative · entry 2

Reeves Eric A. · CIK 0001851872 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 21,544

Underlying: Common Stock · 8,641 shares

Expires not disclosed

F1 · derivative.exercise_price: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.exercise_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.expiration_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F2 · balance_after: Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions.

SEC source: 0001851872-26-000002 · wk-form4_1779135381.xml · derivative · entry 2

Reeves Eric A. · CIK 0001851872 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,903

Underlying: Common Stock · 7,628 shares

Expires not disclosed

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 · derivative.exercise_price: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan.

F1 · derivative.exercise_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan.

F1 · derivative.expiration_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan.

F2 · balance_after: Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions, including 3,976 DSUs acquired pursuant to dividend reinvestment for which no additional price was paid.

SEC source: 0001851872-26-000002 · wk-form4_1779135381.xml · nonDerivative · entry 1

Reeves Eric A. · CIK 0001851872 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 30,593

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.

SEC source: 0001796495-26-000010 · wk-form4_1778011573.xml · nonDerivative · entry 1

Wolfe Serena · CIK 0001796495 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 200,964

F1 · shares: The sale of shares of common stock reported in this Form 4 was effected pursuant to a Rule 10b5-1 plan adopted November 4, 2025 for tax and estate planning purposes.

F2 · price: 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 $22.62 and the lowest price at which the shares were purchased was $22.35. 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.

F3 · balance_after: 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.

SEC source: 0001688537-26-000009 · wk-form4_1777581334.xml · nonDerivative · entry 1

Finkelstein David L · CIK 0001688537 · Director · CEO and Co-CIO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 783,763

F1 · shares: The sale of shares of common stock reported in this Form 4 was effected pursuant to a Rule 10b5-1 plan adopted May 16, 2024 for tax and estate planning purposes.

F2 · price: 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 $23.00 and the lowest price at which the shares were purchased was $22.78. 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.

F3 · balance_after: 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.

SEC source: 0001631803-26-000006 · wk-form4_1772227279.xml · nonDerivative · entry 3

Campbell Steven Francis · CIK 0001631803 · President and COO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 219,763

F5 · shares: Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting of a PSU award previously granted on February 1, 2023.

F3 · balance_after: 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.

SEC source: 0001631803-26-000006 · wk-form4_1772227279.xml · nonDerivative · entry 2

Campbell Steven Francis · CIK 0001631803 · President and COO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 263,319

F4 · shares: Represents the number of shares of common stock issued upon the vesting of a Performance Stock Unit ("PSU") award, inclusive of dividend equivalent units ("DEUs").

F3 · balance_after: 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.

SEC source: 0001631803-26-000006 · wk-form4_1772227279.xml · nonDerivative · entry 1

Campbell Steven Francis · CIK 0001631803 · President and COO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 178,000

F1 · shares: The sale of shares of common stock reported in this Form 4 was effected pursuant to a Rule 10b5-1 plan adopted November 3, 2025 for tax and estate planning purposes.

F2 · price: The price reported above reflects the weighted average sale price, rounded to the nearest hundredth. The highest price at which the shares were sold was $23.01 and the lowest price at which the shares were sold was $22.55. 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 sold at each separate price within the range set forth in this footnote in this Form 4.

F3 · balance_after: 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.

SEC source: 0001796495-26-000007 · wk-form4_1772227267.xml · nonDerivative · entry 2

Wolfe Serena · CIK 0001796495 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 213,760

F3 · shares: Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting of a PSU award previously granted on February 1, 2023.

F2 · balance_after: DEUs issued on Restricted Stock Units ("RSUs") 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.

SEC source: 0001796495-26-000007 · wk-form4_1772227267.xml · nonDerivative · entry 1

Wolfe Serena · CIK 0001796495 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 256,187

F1 · shares: Represents the number of shares of common stock issued upon the vesting of a Performance Stock Unit ("PSU") award, inclusive of dividend equivalent units ("DEUs").

F2 · balance_after: DEUs issued on Restricted Stock Units ("RSUs") 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.

SEC source: 0001688537-26-000007 · wk-form4_1772227253.xml · nonDerivative · entry 2

Finkelstein David L · CIK 0001688537 · Director · CEO and Co-CIO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 833,763

F3 · shares: Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting of a PSU award previously granted on February 1, 2023.

F2 · balance_after: DEUs issued on Restricted Stock Units ("RSUs") 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.

SEC source: 0001688537-26-000007 · wk-form4_1772227253.xml · nonDerivative · entry 1

Finkelstein David L · CIK 0001688537 · Director · CEO and Co-CIO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,013,931

F1 · shares: Represents the number of shares of common stock issued upon the vesting of a Performance Stock Unit ("PSU") award, inclusive of dividend equivalent units ("DEUs").

F2 · balance_after: DEUs issued on Restricted Stock Units ("RSUs") 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.

SEC source: 0001796495-26-000005 · wk-form4_1771543992.xml · nonDerivative · entry 1

Wolfe Serena · CIK 0001796495 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 173,081

F1 · shares: The sale of shares of common stock reported in this Form 4 was effected pursuant to a Rule 10b5-1 plan adopted November 4, 2025 for tax and estate planning purposes.

F2 · price: The price reported above reflects the weighted average sale price, rounded to the nearest hundredth. The highest price at which the shares were sold was $23.27 and the lowest price at which the shares were sold was $22.95. 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 sold at each separate price within the range set forth in this footnote in this Form 4.

F3 · balance_after: 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.

SEC source: 0001688537-26-000005 · wk-form4_1771544023.xml · nonDerivative · entry 1

Finkelstein David L · CIK 0001688537 · Director · CEO and Co-CIO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 688,134

F1 · shares: 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.

F2 · price: The price reported above reflects the weighted average sale price, rounded to the nearest hundredth. The highest price at which the shares were sold was $23.27 and the lowest price at which the shares were sold was $22.93. 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 sold at each separate price within the range set forth in this footnote in this Form 4.

F3 · balance_after: 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.

SEC source: 0001631803-26-000004 · wk-form4_1771543965.xml · nonDerivative · entry 1

Campbell Steven Francis · CIK 0001631803 · President and COO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 204,491

F1 · shares: The sale of shares of common stock reported in this Form 4 was effected pursuant to a Rule 10b5-1 plan adopted November 3, 2025 for tax and estate planning purposes.

F2 · price: The price reported above reflects the weighted average sale price, rounded to the nearest hundredth. The highest price at which the shares were sold was $23.27 and the lowest price at which the shares were sold was $22.93. 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 sold at each separate price within the range set forth in this footnote in this Form 4.

F3 · balance_after: 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.

SEC source: 0001631803-26-000002 · wk-form4_1770166968.xml · nonDerivative · entry 2

Campbell Steven Francis · CIK 0001631803 · President and COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 232,716

F3 · shares: Represents RSUs granted pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of common stock of Annaly Capital Management, Inc., par value $0.01 per share. The RSUs vest ratably over three years beginning on the one-year anniversary of the grant date (subject to accelerated vesting under certain circumstances).

F2 · balance_after: Dividend equivalent units ("DEUs") issued on RSUs 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.

SEC source: 0001631803-26-000002 · wk-form4_1770166968.xml · nonDerivative · entry 1

Campbell Steven Francis · CIK 0001631803 · President and COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 180,565

F1 · shares: Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting on February 1, 2026 of restricted stock unit ("RSU") awards previously granted on February 1, 2023, February 1, 2024 and February 1, 2025.

F2 · balance_after: Dividend equivalent units ("DEUs") issued on RSUs 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.

SEC source: 0001796495-26-000002 · wk-form4_1770166894.xml · nonDerivative · entry 2

Wolfe Serena · CIK 0001796495 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 189,617

F3 · shares: Represents RSUs granted pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of common stock of Annaly Capital Management, Inc., par value $0.01 per share. The RSUs vest ratably over three years beginning on the one-year anniversary of the grant date (subject to accelerated vesting under certain circumstances).

F2 · balance_after: Dividend equivalent units ("DEUs") issued on RSUs 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.

SEC source: 0001796495-26-000002 · wk-form4_1770166894.xml · nonDerivative · entry 1

Wolfe Serena · CIK 0001796495 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 143,985

F1 · shares: Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting on February 1, 2026 of restricted stock unit ("RSU") awards previously granted on February 1, 2023, February 1, 2024 and February 1, 2025.

F2 · balance_after: Dividend equivalent units ("DEUs") issued on RSUs 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.

SEC source: 0001688537-26-000003 · wk-form4_1770166865.xml · nonDerivative · entry 2

Finkelstein David L · CIK 0001688537 · Director · CEO and Co-CIO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 738,134

F3 · shares: Represents RSUs granted pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of common stock of Annaly Capital Management, Inc., par value $0.01 per share. The RSUs vest ratably over three years beginning on the one-year anniversary of the grant date (subject to accelerated vesting under certain circumstances).

F2 · balance_after: Dividend equivalent units ("DEUs") issued on RSUs 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.

SEC source: 0001688537-26-000003 · wk-form4_1770166865.xml · nonDerivative · entry 1

Finkelstein David L · CIK 0001688537 · Director · CEO and Co-CIO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 585,158

F1 · shares: Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting on February 1, 2026 of restricted stock unit ("RSU") awards previously granted on February 1, 2023, February 1, 2024 and February 1, 2025.

F2 · balance_after: Dividend equivalent units ("DEUs") issued on RSUs 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.

SEC source: 0001688537-25-000003 · wk-form4_1762290897.xml · nonDerivative · entry 1

Finkelstein David L · CIK 0001688537 · Director · CEO and Co-CIO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 709,725

F1 · shares: The sale of shares of common stock reported in this Form 4 was effected pursuant to a Rule 10b5-1 plan adopted May 16, 2024 for tax and estate planning purposes.

F2 · price: 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 $21.34 and the lowest price at which the shares were purchased was $20.93. 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.

F3 · balance_after: 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.

SEC source: 0001694411-25-000003 · wk-form4_1762290874.xml · nonDerivative · entry 1

Green Anthony C · CIK 0001694411 · Chief Corporate Officer, CLO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 178,441

F1 · shares: The sale of shares of common stock reported in this Form 4 was effected pursuant to a Rule 10b5-1 plan adopted May 5, 2025 for tax and estate planning purposes.

F2 · price: 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 $21.34 and the lowest price at which the shares were purchased was $20.93. 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.

F3 · balance_after: 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.

SEC source: 0001628280-25-038898 · wk-form4_1754597812.xml · nonDerivative · entry 1

Green Anthony C · CIK 0001694411 · Chief Corporate Officer, CLO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 196,959

F1 · shares: The sale of shares of common stock reported in this Form 4 was effected pursuant to a Rule 10b5-1 plan adopted May 5, 2025 for tax and estate planning purposes.

F2 · price: 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 $20.75 and the lowest price at which the shares were purchased was $20.49. 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.

F3 · balance_after: 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.

SEC source: 0001628280-25-037824 · wk-form4_1754424915.xml · nonDerivative · entry 1

Finkelstein David L · CIK 0001688537 · Director · CEO and Co-CIO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 743,430

F1 · shares: The sale of shares of common stock reported in this Form 4 was effected pursuant to a Rule 10b5-1 plan adopted May 16, 2024 for tax and estate planning purposes.

F2 · price: 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 $20.93 and the lowest price at which the shares were purchased was $20.57. 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.

F3 · balance_after: 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.

SEC source: 0001628280-25-025923 · wk-form4_1747340156.xml · derivative · entry 3

Reeves Eric A. · CIK 0001851872 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 18,081

Underlying: Common Stock · 7,349 shares

Expires not disclosed

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 · derivative.exercise_price: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan.

F1 · derivative.exercise_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan.

F1 · derivative.expiration_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan.

F2 · balance_after: Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions, including 2,433 DSUs acquired pursuant to dividend reinvestment for which no additional price was paid.

SEC source: 0001628280-25-025923 · wk-form4_1747340156.xml · nonDerivative · entry 1

Reeves Eric A. · CIK 0001851872 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,965

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.

SEC source: 0001628280-25-025936 · wk-form4_1747340239.xml · derivative · entry 2

Laguerre Martin · CIK 0001963683 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 29,507

Underlying: Common Stock · 8,961 shares

Expires not disclosed

F1 · derivative.exercise_price: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.exercise_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.expiration_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F2 · balance_after: Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions, including 3,796 DSUs acquired pursuant to dividend reinvestment for which no additional price was paid.

SEC source: 0001628280-25-025934 · wk-form4_1747340229.xml · derivative · entry 2

Wede Scott · CIK 0001994436 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 17,544

Underlying: Common Stock · 8,961 shares

Expires not disclosed

F1 · derivative.exercise_price: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.exercise_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.expiration_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F2 · balance_after: Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions.

SEC source: 0001628280-25-025933 · wk-form4_1747340215.xml · derivative · entry 1

Laroche Manon · CIK 0001992953 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 17,544

Underlying: Common Stock · 8,961 shares

Expires not disclosed

F1 · derivative.exercise_price: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.exercise_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.expiration_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F2 · balance_after: Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions.

SEC source: 0001628280-25-025931 · wk-form4_1747340204.xml · derivative · entry 2

Hannan Kathy Hopinkah · CIK 0001767813 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 35,707

Underlying: Common Stock · 8,961 shares

Expires not disclosed

F1 · derivative.exercise_price: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.exercise_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.expiration_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F2 · balance_after: Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions.

SEC source: 0001628280-25-025929 · wk-form4_1747340192.xml · derivative · entry 3

Hamilton Thomas Edward · CIK 0001769848 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 45,243

Underlying: Common Stock · 8,961 shares

Expires not disclosed

F1 · derivative.exercise_price: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2010 Equity Incentive Plan or the Annaly Capital Management, Inc. 2020 Equity Incentive Plan, as applicable. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.exercise_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2010 Equity Incentive Plan or the Annaly Capital Management, Inc. 2020 Equity Incentive Plan, as applicable. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.expiration_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2010 Equity Incentive Plan or the Annaly Capital Management, Inc. 2020 Equity Incentive Plan, as applicable. The reporting person has elected such deferred settlement for all DSUs reported above.

F2 · balance_after: Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions.

SEC source: 0001628280-25-025925 · wk-form4_1747340167.xml · derivative · entry 2

Williams Vicki · CIK 0001721212 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 48,458

Underlying: Common Stock · 8,961 shares

Expires not disclosed

F1 · derivative.exercise_price: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2010 Equity Incentive Plan or the Annaly Capital Management, Inc. 2020 Equity Incentive Plan, as applicable. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.exercise_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2010 Equity Incentive Plan or the Annaly Capital Management, Inc. 2020 Equity Incentive Plan, as applicable. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.expiration_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2010 Equity Incentive Plan or the Annaly Capital Management, Inc. 2020 Equity Incentive Plan, as applicable. The reporting person has elected such deferred settlement for all DSUs reported above.

F2 · balance_after: Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions.

SEC source: 0001628280-25-025921 · wk-form4_1747340145.xml · derivative · entry 2

VOTEK GLENN · CIK 0001584807 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 35,707

Underlying: Common Stock · 8,961 shares

Expires not disclosed

F1 · derivative.exercise_price: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.exercise_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F1 · derivative.expiration_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan. The reporting person has elected such deferred settlement for all DSUs reported above.

F2 · balance_after: Reflects the aggregate amount of DSUs granted during the tenure of the respective director net of any conversions.

SEC source: 0001628280-25-025923 · wk-form4_1747340156.xml · derivative · entry 2

Reeves Eric A. · CIK 0001851872 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25,430

Underlying: Common Stock · 8,961 shares

Expires not disclosed

F1 · derivative.exercise_price: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan.

F1 · derivative.exercise_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan.

F1 · derivative.expiration_date: The Deferred Stock Units ("DSUs") convert to shares of Common Stock on a one-for-one basis one year after the date of grant unless the director elects to defer the settlement of the DSUs until after a termination of service pursuant to the Annaly Capital Management, Inc. 2020 Equity Incentive Plan.

SEC source: 0001628280-25-025920 · wk-form4_1747340131.xml · nonDerivative · entry 1

Campbell Steven Francis · CIK 0001631803 · President and COO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 199,967

F1 · shares: The sale of shares of common stock reported in this Form 4 was effected pursuant to a Rule 10b5-1 plan adopted February 5, 2025.

F2 · price: 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 $19.64 and the lowest price at which the shares were purchased was $19.48. 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.

F3 · balance_after: 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.

SEC source: 0001628280-25-025919 · wk-form4_1747340120.xml · nonDerivative · entry 1

Wolfe Serena · CIK 0001796495 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 161,586

F1 · shares: The sale of shares of common stock reported in this Form 4 was effected pursuant to a Rule 10b5-1 plan adopted February 6, 2025.

F2 · price: 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 $19.64 and the lowest price at which the shares were purchased was $19.47. 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.

F3 · balance_after: 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.

SEC source: 0001628280-25-022721 · wk-form4_1746563411.xml · nonDerivative · entry 1

Finkelstein David L · CIK 0001688537 · Director · CEO and Co-CIO

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 760,769

F1 · shares: The sale of shares of common stock reported in this Form 4 was effected pursuant to a Rule 10b5-1 plan adopted May 16, 2024 for tax and estate planning purposes.

F2 · price: 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 $19.34 and the lowest price at which the shares were purchased was $19.12. 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.

F3 · balance_after: 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.

SEC source: 0001628280-25-008635 · wk-form4_1740690457.xml · nonDerivative · entry 2

Finkelstein David L · CIK 0001688537 · Director · CEO and Co-CIO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 810,769

F3 · shares: Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting of a PSU award previously granted on February 1, 2022.

F2 · balance_after: DEUs issued on Restricted Stock Units ("RSUs") 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.

SEC source: 0001628280-25-008635 · wk-form4_1740690457.xml · nonDerivative · entry 1

Finkelstein David L · CIK 0001688537 · Director · CEO and Co-CIO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 932,553

F1 · shares: Represents the number of shares of common stock issued upon the vesting of a Performance Stock Unit ("PSU") award, inclusive of dividend equivalent units ("DEUs").

F2 · balance_after: DEUs issued on Restricted Stock Units ("RSUs") 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.

SEC source: 0001628280-25-008634 · wk-form4_1740690426.xml · nonDerivative · entry 2

Green Anthony C · CIK 0001694411 · Chief Corporate Officer, CLO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 211,481

F3 · shares: Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting of a PSU award previously granted on February 1, 2022.

F2 · balance_after: DEUs issued on Restricted Stock Units ("RSUs") 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.

SEC source: 0001628280-25-008634 · wk-form4_1740690426.xml · nonDerivative · entry 1

Green Anthony C · CIK 0001694411 · Chief Corporate Officer, CLO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 240,259

F1 · shares: Represents the number of shares of common stock issued upon the vesting of a Performance Stock Unit ("PSU") award, inclusive of dividend equivalent units ("DEUs").

F2 · balance_after: DEUs issued on Restricted Stock Units ("RSUs") 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.