NLY

SEC source: 0001628280-25-008633 · wk-form4_1740690390.xml · nonDerivative · entry 2

Wolfe Serena · CIK 0001796495 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 186,972

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: 0001628280-25-008633 · wk-form4_1740690390.xml · nonDerivative · entry 1

Wolfe Serena · CIK 0001796495 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 198,487

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: 0001628280-25-008628 · wk-form4_1740690323.xml · nonDerivative · entry 2

Campbell Steven Francis · CIK 0001631803 · President and COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 244,341

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: 0001628280-25-008628 · wk-form4_1740690323.xml · nonDerivative · entry 1

Campbell Steven Francis · CIK 0001631803 · President and COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 271,970

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: 0001628280-25-004919 · wk-form4_1739310750.xml · nonDerivative · entry 1

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 677,465

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 $20.670 and the lowest price at which the shares were purchased was $20.465. 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: 0001628280-25-003815 · wk-form4_1738710413.xml · nonDerivative · entry 2

Campbell Steven Francis · CIK 0001631803 · President and COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 207,386

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: 0001628280-25-003815 · wk-form4_1738710413.xml · nonDerivative · entry 1

Campbell Steven Francis · CIK 0001631803 · President and COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 131,966

F1 · shares: Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting on February 1, 2025 of restricted stock unit ("RSU") awards previously granted on February 1, 2022, February 1, 2023 and February 1, 2024.

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: 0001628280-25-003813 · wk-form4_1738710364.xml · nonDerivative · entry 2

Wolfe Serena · CIK 0001796495 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 166,502

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: 0001628280-25-003813 · wk-form4_1738710364.xml · nonDerivative · entry 1

Wolfe Serena · CIK 0001796495 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 99,790

F1 · shares: Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting on February 1, 2025 of restricted stock unit ("RSU") awards previously granted on February 1, 2022, February 1, 2023 and February 1, 2024.

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: 0001628280-25-003808 · wk-form4_1738710254.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: 727,465

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: 0001628280-25-003808 · wk-form4_1738710254.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: 495,137

F1 · shares: Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting on February 1, 2025 of restricted stock unit ("RSU") awards previously granted on February 1, 2022, February 1, 2023 and February 1, 2024.

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: 0001628280-25-003810 · wk-form4_1738710314.xml · nonDerivative · entry 2

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 175,208

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: 0001628280-25-003810 · wk-form4_1738710314.xml · nonDerivative · entry 1

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 119,182

F1 · shares: Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting on February 1, 2025 of restricted stock unit ("RSU") awards previously granted on February 1, 2022, February 1, 2023 and February 1, 2024.

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: 0001628280-24-044101 · wk-form4_1730232914.xml · nonDerivative · entry 1

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 562,469

F1 · kind: 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 in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.12 to $19.54, inclusive. The reporting person undertakes to provide 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.

SEC source: 0001628280-24-037762 · wk-form4_1724101220.xml · nonDerivative · entry 1

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 612,469

F1 · kind: 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 in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.90 to $20.14, inclusive. The reporting person undertakes to provide 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.

SEC source: 0001628280-24-037761 · wk-form4_1724101208.xml · nonDerivative · entry 1

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 133,828

F1 · kind: 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 in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.90 to $20.14, inclusive. The reporting person undertakes to provide 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.

SEC source: 0001628280-24-024160 · wk-form4_1715981656.xml · derivative · entry 3

Reeves Eric A. · CIK 0001851872 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,421

Underlying: Common Stock · 7,048 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 1,297 DSUs acquired pursuant to dividend reinvestment for which no additional price was paid.

SEC source: 0001628280-24-024160 · wk-form4_1715981656.xml · nonDerivative · entry 1

Reeves Eric A. · CIK 0001851872 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,664

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: 0001628280-24-024184 · wk-form4_1715982469.xml · derivative · entry 2

Bovich Francine J. · CIK 0001534336 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 89,508

Underlying: Common Stock · 8,583 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, including 37,810 DSUs acquired pursuant to dividend reinvestment for which no additional price was paid.

SEC source: 0001628280-24-024181 · wk-form4_1715982320.xml · derivative · entry 2

Williams Vicki · CIK 0001721212 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 39,497

Underlying: Deferred Stock Units · 8,583 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: 0001628280-24-024178 · wk-form4_1715982252.xml · derivative · entry 3

Hamilton Thomas Edward · CIK 0001769848 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 36,282

Underlying: Common Stock · 8,583 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: 0001628280-24-024176 · wk-form4_1715982162.xml · derivative · entry 2

VOTEK GLENN · CIK 0001584807 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 26,746

Underlying: Common Stock · 8,583 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: 0001628280-24-024174 · wk-form4_1715982100.xml · derivative · entry 2

Schaefer John H · CIK 0001188749 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 59,916

Underlying: Common Stock · 8,583 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, including 14,924 DSUs acquired pursuant to dividend reinvestment for which no additional price was paid.

SEC source: 0001628280-24-024172 · wk-form4_1715982046.xml · derivative · entry 2

Hannan Kathy Hopinkah · CIK 0001767813 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 26,746

Underlying: Common Stock · 8,583 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: 0001628280-24-024170 · wk-form4_1715981992.xml · derivative · entry 2

HAYLON MICHAEL E · CIK 0001222407 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 98,160

Underlying: Common Stock · 8,583 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, including 44,121 DSUs acquired pursuant to dividend reinvestment for which no additional price was paid.

SEC source: 0001628280-24-024168 · wk-form4_1715981906.xml · derivative · entry 2

Laguerre Martin · CIK 0001963683 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 17,982

Underlying: Common Stock · 8,583 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 1,232 DSUs acquired pursuant to dividend reinvestment for which no additional price was paid.

SEC source: 0001628280-24-024166 · wk-form4_1715981851.xml · derivative · entry 2

Wede Scott · CIK 0001994436 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 8,583

Underlying: Common Stock · 8,583 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: 0001628280-24-024164 · wk-form4_1715981756.xml · derivative · entry 2

Laroche Manon · CIK 0001992953 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 8,583

Underlying: Common Stock · 8,583 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: 0001628280-24-024160 · wk-form4_1715981656.xml · derivative · entry 2

Reeves Eric A. · CIK 0001851872 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 21,469

Underlying: Common Stock · 8,583 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: 0001628280-24-005628 · wk-form4_1708466003.xml · nonDerivative · entry 2

Campbell Steven Francis · CIK 0001631803 · President and COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 149,278

F2 · 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 January 29, 2021.

SEC source: 0001628280-24-005628 · wk-form4_1708466003.xml · nonDerivative · entry 1

Campbell Steven Francis · CIK 0001631803 · President and COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 152,175

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 rights.

SEC source: 0001628280-24-005623 · wk-form4_1708465874.xml · nonDerivative · entry 2

Wolfe Serena · CIK 0001796495 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 114,087

F2 · 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 January 29, 2021.

SEC source: 0001628280-24-005623 · wk-form4_1708465874.xml · nonDerivative · entry 1

Wolfe Serena · CIK 0001796495 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 116,984

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 rights.

SEC source: 0001628280-24-005618 · wk-form4_1708465751.xml · nonDerivative · entry 2

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 183,828

F2 · 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 January 29, 2021.

SEC source: 0001628280-24-005618 · wk-form4_1708465751.xml · nonDerivative · entry 1

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 196,870

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 rights.

SEC source: 0001628280-24-004554 · wk-form4_1707864031.xml · nonDerivative · entry 1

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 662,469

F1 · kind: The sale of shares of common stock reported in this Form 4 was effected pursuant to a Rule 10b5-1 plan adopted August 2, 2023 for tax and estate planning purposes.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.77 to $19.18, inclusive. The reporting person undertakes to provide 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.

SEC source: 0001628280-24-003387 · wk-form4_1707174346.xml · nonDerivative · entry 3

Campbell Steven Francis · CIK 0001631803 · President and COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 146,500

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

SEC source: 0001628280-24-003387 · wk-form4_1707174346.xml · nonDerivative · entry 2

Campbell Steven Francis · CIK 0001631803 · President and COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 76,500

F2 · shares: Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting on February 1, 2024 of restricted stock awards previously granted on February 1, 2022 and February 1, 2023.

SEC source: 0001628280-24-003387 · wk-form4_1707174346.xml · nonDerivative · entry 1

Campbell Steven Francis · CIK 0001631803 · President and COO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 90,403

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 · shares: Represents the settlement of dividend equivalent rights in connection with vesting of previously issued and reported restricted stock units. The dividend equivalent rights accrued when and as dividends were paid on Annaly Capital Management, Inc.'s common stock and vested proportionately with the underlying restricted stock units in respect of which they were credited. The dividend equivalent rights convert to Annaly Capital Management, Inc.'s common stock on a one-for-one basis.

SEC source: 0001628280-24-003385 · wk-form4_1707174287.xml · nonDerivative · entry 3

Wolfe Serena · CIK 0001796495 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 111,309

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

SEC source: 0001628280-24-003385 · wk-form4_1707174287.xml · nonDerivative · entry 2

Wolfe Serena · CIK 0001796495 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 51,309

F2 · shares: Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting on February 1, 2024 of restricted stock awards previously granted on February 1, 2022 and February 1, 2023.

SEC source: 0001628280-24-003385 · wk-form4_1707174287.xml · nonDerivative · entry 1

Wolfe Serena · CIK 0001796495 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 61,250

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 · shares: Represents the settlement of dividend equivalent rights in connection with vesting of previously issued and reported restricted stock units. The dividend equivalent rights accrued when and as dividends were paid on Annaly Capital Management, Inc.'s common stock and vested proportionately with the underlying restricted stock units in respect of which they were credited. The dividend equivalent rights convert to Annaly Capital Management, Inc.'s common stock on a one-for-one basis.

SEC source: 0001628280-24-003383 · wk-form4_1707174218.xml · nonDerivative · entry 3

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 171,323

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

SEC source: 0001628280-24-003383 · wk-form4_1707174218.xml · nonDerivative · entry 2

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 119,323

F2 · shares: Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting on February 1, 2024 of restricted stock awards previously granted on February 1, 2022 and February 1, 2023.

SEC source: 0001628280-24-003383 · wk-form4_1707174218.xml · nonDerivative · entry 1

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 133,302

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 · shares: Represents the settlement of dividend equivalent rights in connection with vesting of previously issued and reported restricted stock units. The dividend equivalent rights accrued when and as dividends were paid on Annaly Capital Management, Inc.'s common stock and vested proportionately with the underlying restricted stock units in respect of which they were credited. The dividend equivalent rights convert to Annaly Capital Management, Inc.'s common stock on a one-for-one basis.

SEC source: 0001628280-24-003377 · wk-form4_1707174145.xml · nonDerivative · entry 3

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 712,469

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

SEC source: 0001628280-24-003377 · wk-form4_1707174145.xml · nonDerivative · entry 2

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 499,692

F2 · shares: Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting on February 1, 2024 of restricted stock awards previously granted on February 1, 2022 and February 1, 2023.

SEC source: 0001628280-24-003377 · wk-form4_1707174145.xml · nonDerivative · entry 1

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 558,963

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 · shares: Represents the settlement of dividend equivalent rights in connection with vesting of previously issued and reported restricted stock units. The dividend equivalent rights accrued when and as dividends were paid on Annaly Capital Management, Inc.'s common stock and vested proportionately with the underlying restricted stock units in respect of which they were credited. The dividend equivalent rights convert to Annaly Capital Management, Inc.'s common stock on a one-for-one basis.

SEC source: 0001628280-24-002775 · wk-form4_1706741265.xml · nonDerivative · entry 2

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 538,969

F2 · shares: Represents shares surrendered to the issuer to satisfy a tax withholding obligation in connection with the vesting on January 29, 2024 of a restricted stock award previously granted on January 29, 2021.

SEC source: 0001628280-24-002775 · wk-form4_1706741265.xml · nonDerivative · entry 1

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 554,040

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 · shares: Represents the settlement of dividend equivalent rights in connection with vesting of previously issued and reported restricted stock units. The dividend equivalent rights accrued when and as dividends were paid on Annaly Capital Management, Inc.'s common stock and vested proportionately with the underlying restricted stock units in respect of which they were credited. The dividend equivalent rights convert to Annaly Capital Management, Inc.'s common stock on a one-for-one basis.