Samuels Lori R

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

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 168,192

Underlying: Common Stock · 30,189 shares

Expires 2026-01-08

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

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

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

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

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

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

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

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

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

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 198,381

Underlying: Common Stock · 15,749 shares

Expires 2026-01-08

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

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

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

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

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

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 92,614

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

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

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 96,075

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

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

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 105,554

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

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

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

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

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

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 51,727

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

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

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

SEC source: 0001104659-26-001394 · tm261765-9_4seq1.xml · derivative · entry 2

Samuels Lori R · CIK 0002037536 · Sr VP & Chief Loan Ops Ofcr

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 214,130

Underlying: Common Stock · 42,245 shares

Expires not disclosed

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

F3 · shares: These phantom shares are performance-based equity awards. The number of phantom shares reported represents the "target" number of phantom shares granted. The number of underlying shares of MFA common stock that the recipient becomes entitled to receive at the time of vesting will generally range from 0% to 200% of the target number of phantom shares granted, subject to the achievement of a pre-established performance metric. The vesting of these phantom shares will generally occur on December 31, 2028 (or such later date that the Compensation Committee of MFA's Board of Directors shall certify the achievement of the pre-established performance metric), based on MFA's absolute total stockholder return (TSR) and MFA's TSR as compared to the TSR of a designated peer group of companies, in each case for the three years then ended.

F4 · shares: The number of phantom shares to vest will be adjusted to reflect the value of any dividends paid on MFA's common stock during the vesting period in respect of the number of phantom shares that ultimately vest. The phantom shares will be settled in an equivalent number of shares of MFA common stock in January 2030.

F3 · derivative.exercise_date: These phantom shares are performance-based equity awards. The number of phantom shares reported represents the "target" number of phantom shares granted. The number of underlying shares of MFA common stock that the recipient becomes entitled to receive at the time of vesting will generally range from 0% to 200% of the target number of phantom shares granted, subject to the achievement of a pre-established performance metric. The vesting of these phantom shares will generally occur on December 31, 2028 (or such later date that the Compensation Committee of MFA's Board of Directors shall certify the achievement of the pre-established performance metric), based on MFA's absolute total stockholder return (TSR) and MFA's TSR as compared to the TSR of a designated peer group of companies, in each case for the three years then ended.

F4 · derivative.exercise_date: The number of phantom shares to vest will be adjusted to reflect the value of any dividends paid on MFA's common stock during the vesting period in respect of the number of phantom shares that ultimately vest. The phantom shares will be settled in an equivalent number of shares of MFA common stock in January 2030.

F3 · derivative.expiration_date: These phantom shares are performance-based equity awards. The number of phantom shares reported represents the "target" number of phantom shares granted. The number of underlying shares of MFA common stock that the recipient becomes entitled to receive at the time of vesting will generally range from 0% to 200% of the target number of phantom shares granted, subject to the achievement of a pre-established performance metric. The vesting of these phantom shares will generally occur on December 31, 2028 (or such later date that the Compensation Committee of MFA's Board of Directors shall certify the achievement of the pre-established performance metric), based on MFA's absolute total stockholder return (TSR) and MFA's TSR as compared to the TSR of a designated peer group of companies, in each case for the three years then ended.

F4 · derivative.expiration_date: The number of phantom shares to vest will be adjusted to reflect the value of any dividends paid on MFA's common stock during the vesting period in respect of the number of phantom shares that ultimately vest. The phantom shares will be settled in an equivalent number of shares of MFA common stock in January 2030.

F3 · derivative.underlying_shares: These phantom shares are performance-based equity awards. The number of phantom shares reported represents the "target" number of phantom shares granted. The number of underlying shares of MFA common stock that the recipient becomes entitled to receive at the time of vesting will generally range from 0% to 200% of the target number of phantom shares granted, subject to the achievement of a pre-established performance metric. The vesting of these phantom shares will generally occur on December 31, 2028 (or such later date that the Compensation Committee of MFA's Board of Directors shall certify the achievement of the pre-established performance metric), based on MFA's absolute total stockholder return (TSR) and MFA's TSR as compared to the TSR of a designated peer group of companies, in each case for the three years then ended.

F4 · derivative.underlying_shares: The number of phantom shares to vest will be adjusted to reflect the value of any dividends paid on MFA's common stock during the vesting period in respect of the number of phantom shares that ultimately vest. The phantom shares will be settled in an equivalent number of shares of MFA common stock in January 2030.

SEC source: 0001104659-26-001394 · tm261765-9_4seq1.xml · derivative · entry 1

Samuels Lori R · CIK 0002037536 · Sr VP & Chief Loan Ops Ofcr

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 171,885

Underlying: Common Stock · 27,283 shares

Expires not disclosed

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

F2 · derivative.exercise_date: These phantom shares are scheduled to vest, subject to forfeiture, on December 31, 2028, and thereafter will be settled in an equivalent number of shares of MFA common stock within 30 days following the vesting date.

F2 · derivative.expiration_date: These phantom shares are scheduled to vest, subject to forfeiture, on December 31, 2028, and thereafter will be settled in an equivalent number of shares of MFA common stock within 30 days following the vesting date.

SEC source: 0001104659-25-002625 · tm252714-4_4seq1.xml · derivative · entry 6

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 150,168

Underlying: Common Stock · 8,417 shares

Expires 2025-01-07

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

F7 · derivative.exercise_price: The reported disposition reflects the vesting of PRSUs (i.e., phantom stock) granted to the Reporting Person in January 2022. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc.

F7 · kind: The reported disposition reflects the vesting of PRSUs (i.e., phantom stock) granted to the Reporting Person in January 2022. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc.

F8 · shares: The number of PRSUs reported in Table II represents the "target" number of PRSUs that were granted to the reporting person in January 2022. Per the terms of the award agreement governing the PRSUs, the number of underlying shares of MFA common stock that the recipient ultimately became entitled to receive at the time of vesting ranged from 0% to 200% of the target number of PRSUs granted, subject to the achievement of a pre-established performance metric. The vesting of these PRSUs was based on MFA's total stockholder return for the three years ended December 31, 2024.

F9 · shares: The Compensation Committee of the Board of Directors of MFA has confirmed and certified the vesting level of the PRSUs as reflected in Table I. Per the terms of the award agreement governing the PRSUs, the number of PRSUs that vested was adjusted to reflect the value of any dividends paid on MFA's common stock during the performance period in respect of the number of underlying PRSUs that ultimately vested (see Note 3). Per the terms and conditions of the PRSU awards, the vested PRSUs will settle in the form of one share of common stock of MFA Financial, Inc. for each vested phantom share in January 2026.

F7 · price: The reported disposition reflects the vesting of PRSUs (i.e., phantom stock) granted to the Reporting Person in January 2022. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc.

F8 · derivative.underlying_shares: The number of PRSUs reported in Table II represents the "target" number of PRSUs that were granted to the reporting person in January 2022. Per the terms of the award agreement governing the PRSUs, the number of underlying shares of MFA common stock that the recipient ultimately became entitled to receive at the time of vesting ranged from 0% to 200% of the target number of PRSUs granted, subject to the achievement of a pre-established performance metric. The vesting of these PRSUs was based on MFA's total stockholder return for the three years ended December 31, 2024.

F9 · derivative.underlying_shares: The Compensation Committee of the Board of Directors of MFA has confirmed and certified the vesting level of the PRSUs as reflected in Table I. Per the terms of the award agreement governing the PRSUs, the number of PRSUs that vested was adjusted to reflect the value of any dividends paid on MFA's common stock during the performance period in respect of the number of underlying PRSUs that ultimately vested (see Note 3). Per the terms and conditions of the PRSU awards, the vested PRSUs will settle in the form of one share of common stock of MFA Financial, Inc. for each vested phantom share in January 2026.

SEC source: 0001104659-25-002625 · tm252714-4_4seq1.xml · derivative · entry 5

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 158,585

Underlying: Common Stock · 4,902 shares

Expires 2025-01-07

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

F6 · derivative.exercise_price: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2022. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

F6 · kind: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2022. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

F6 · price: The reported disposition reflects the settlement of TRSUs (i.e., phantom stock) granted to the Reporting Person in January 2022. Each phantom share is the economic equivalent of one share of common stock of MFA Financial, Inc. Each phantom share was settled in one share of common stock of MFA Financial, Inc.

SEC source: 0001104659-25-002625 · tm252714-4_4seq1.xml · nonDerivative · entry 4

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 35,978

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

SEC source: 0001104659-25-002625 · tm252714-4_4seq1.xml · nonDerivative · entry 3

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 43,879

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

SEC source: 0001104659-25-002625 · tm252714-4_4seq1.xml · nonDerivative · entry 2

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 46,520

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

F3 · kind: Reflects shares to be acquired in connection with the vesting of performance-based restricted stock units ("PRSUs") (i.e., phantom stock) granted to the Reporting Person in January 2022 as discussed in Notes 7, 8 and 9 below. The number of shares reported also includes 1,752 additional PRSUs representing the value of the dividend equivalents that accrued during the three-year performance period ended December 31, 2024, in respect of the underlying PRSUs that vested. Per the terms and conditions of the PRSU awards, the vested PRSUs and the additional PRSUs in respect of dividend equivalents will settle in January 2026 in the form of one share of common stock of MFA Financial, Inc. for each PRSU.

F3 · shares: Reflects shares to be acquired in connection with the vesting of performance-based restricted stock units ("PRSUs") (i.e., phantom stock) granted to the Reporting Person in January 2022 as discussed in Notes 7, 8 and 9 below. The number of shares reported also includes 1,752 additional PRSUs representing the value of the dividend equivalents that accrued during the three-year performance period ended December 31, 2024, in respect of the underlying PRSUs that vested. Per the terms and conditions of the PRSU awards, the vested PRSUs and the additional PRSUs in respect of dividend equivalents will settle in January 2026 in the form of one share of common stock of MFA Financial, Inc. for each PRSU.

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

SEC source: 0001104659-25-002625 · tm252714-4_4seq1.xml · nonDerivative · entry 1

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

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 40,769

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

F1 · kind: Shares acquired pursuant to the settlement of time-based restricted stock units ("TRSUs") (i.e., phantom stock) granted to the Reporting Person in January 2022.

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

SEC source: 0001104659-25-000904 · tm251769-5_4seq1.xml · derivative · entry 2

Samuels Lori R · CIK 0002037536 · Sr VP & Chief Loan Ops Ofcr

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 163,487

Underlying: Common Stock · 37,884 shares

Expires not disclosed

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

F3 · shares: These phantom shares are performance-based equity awards. The number of phantom shares reported represents the "target" number of phantom shares granted. The number of underlying shares of MFA common stock that the recipient becomes entitled to receive at the time of vesting will generally range from 0% to 200% of the target number of phantom shares granted, subject to the achievement of a pre-established performance metric. The vesting of these phantom shares will generally occur on December 31, 2027 (or such later date that the Compensation Committee of MFA's Board of Directors shall certify the achievement of the pre-established performance metric), based on MFA's absolute total stockholder return (TSR) and MFA's TSR as compared to the TSR of a designated peer group of companies, in each case for the three years then ended.

F4 · shares: The number of phantom shares to vest will be adjusted to reflect the value of any dividends paid on MFA's common stock during the vesting period in respect of the number of phantom shares that ultimately vest. The phantom shares will be settled in an equivalent number of shares of MFA common stock in January 2029.

F3 · derivative.exercise_date: These phantom shares are performance-based equity awards. The number of phantom shares reported represents the "target" number of phantom shares granted. The number of underlying shares of MFA common stock that the recipient becomes entitled to receive at the time of vesting will generally range from 0% to 200% of the target number of phantom shares granted, subject to the achievement of a pre-established performance metric. The vesting of these phantom shares will generally occur on December 31, 2027 (or such later date that the Compensation Committee of MFA's Board of Directors shall certify the achievement of the pre-established performance metric), based on MFA's absolute total stockholder return (TSR) and MFA's TSR as compared to the TSR of a designated peer group of companies, in each case for the three years then ended.

F4 · derivative.exercise_date: The number of phantom shares to vest will be adjusted to reflect the value of any dividends paid on MFA's common stock during the vesting period in respect of the number of phantom shares that ultimately vest. The phantom shares will be settled in an equivalent number of shares of MFA common stock in January 2029.

F3 · derivative.expiration_date: These phantom shares are performance-based equity awards. The number of phantom shares reported represents the "target" number of phantom shares granted. The number of underlying shares of MFA common stock that the recipient becomes entitled to receive at the time of vesting will generally range from 0% to 200% of the target number of phantom shares granted, subject to the achievement of a pre-established performance metric. The vesting of these phantom shares will generally occur on December 31, 2027 (or such later date that the Compensation Committee of MFA's Board of Directors shall certify the achievement of the pre-established performance metric), based on MFA's absolute total stockholder return (TSR) and MFA's TSR as compared to the TSR of a designated peer group of companies, in each case for the three years then ended.

F4 · derivative.expiration_date: The number of phantom shares to vest will be adjusted to reflect the value of any dividends paid on MFA's common stock during the vesting period in respect of the number of phantom shares that ultimately vest. The phantom shares will be settled in an equivalent number of shares of MFA common stock in January 2029.

F3 · derivative.underlying_shares: These phantom shares are performance-based equity awards. The number of phantom shares reported represents the "target" number of phantom shares granted. The number of underlying shares of MFA common stock that the recipient becomes entitled to receive at the time of vesting will generally range from 0% to 200% of the target number of phantom shares granted, subject to the achievement of a pre-established performance metric. The vesting of these phantom shares will generally occur on December 31, 2027 (or such later date that the Compensation Committee of MFA's Board of Directors shall certify the achievement of the pre-established performance metric), based on MFA's absolute total stockholder return (TSR) and MFA's TSR as compared to the TSR of a designated peer group of companies, in each case for the three years then ended.

F4 · derivative.underlying_shares: The number of phantom shares to vest will be adjusted to reflect the value of any dividends paid on MFA's common stock during the vesting period in respect of the number of phantom shares that ultimately vest. The phantom shares will be settled in an equivalent number of shares of MFA common stock in January 2029.

SEC source: 0001104659-25-000904 · tm251769-5_4seq1.xml · derivative · entry 1

Samuels Lori R · CIK 0002037536 · Sr VP & Chief Loan Ops Ofcr

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 125,603

Underlying: Common Stock · 23,484 shares

Expires not disclosed

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

F2 · derivative.exercise_date: These phantom shares are scheduled to vest, subject to forfeiture, on December 31, 2027, and thereafter will be settled in an equivalent number of shares of MFA common stock within 30 days following the vesting date.

F2 · derivative.expiration_date: These phantom shares are scheduled to vest, subject to forfeiture, on December 31, 2027, and thereafter will be settled in an equivalent number of shares of MFA common stock within 30 days following the vesting date.