Ellington Credit Co — Director's Dealing 2021

Sep 15, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ellington Residential Mortgage REIT (EARN)
CIK: 0001560672
Period of Report: 2021-09-14

Reporting Person: SIMON RONALD I (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-14	Common shares of beneficial interest	A	4204	—	Acquired	17965	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common shares of beneficial interest	22036	Indirect

Footnotes

F1: The common shares of beneficial interest (the "Common Shares") were granted to the Reporting Person as an independent trustee under the Ellington Residential Mortgage REIT 2013 Equity Incentive Plan. The Common Shares will vest, subject to certain limitations, on September 13, 2022.

F2: Excludes 3,755 common shares previously owned directly which were transferred to the Simon Family Trust (the "Trust") on September 14, 2021.

F3: Includes 3,755 common shares previously owned directly which were transferred to the Trust on September 14, 2021.

F4: The shares are held in the Simon Family Trust (the "Trust"). Mr. Simon is a trustee of the Trust. Mr. Simon and his wife are the beneficiaries of the Trust. Mr. Simon disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.