Ellington Credit Co — Director's Dealing 2021

Dec 20, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ellington Residential Mortgage REIT (EARN)
CIK: 0001560672
Period of Report: 2021-12-16

Reporting Person: Smernoff Chris (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-16	Common shares of beneficial interest	A	3532	—	Acquired	14333	Direct

Footnotes

F1: The common shares of beneficial interest (the "Common Shares") were granted to the Reporting Person as the Company's Chief Financial Officer, under the Ellington Residential Mortgage REIT 2013 Equity Incentive Plan. 1,766 of the Common Shares will vest, subject to certain limitations, on December 16, 2022, and the remaining 1,766 of the Common Shares will vest, subject to certain limitations, on December 16, 2023.

F2: 1,517 of these Common Shares will vest, subject to certain limitations, on December 17, 2022.