X0306 4 2022-09-13 0 0001560672 Ellington Residential Mortgage REIT EARN 0001060435 SIMON RONALD I 53 FOREST AVE OLD GREENWICH CT 06870 1 0 0 0 Common shares of beneficial interest 2022-09-13 4 A 0 6761 0 A 20522 D Common shares of beneficial interest 26240 I By Trust 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 12, 2023. Excludes 4,204 common shares previously owned directly which were transferred to the Simon Family Trust (the "Trust") on September 14, 2022. Includes 4,204 common shares previously owned directly which were transferred to the Trust on September 14, 2022. The shares are held in 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. /s/ Jason Frank, as attorney-in-fact for Ronald I. Simon 2022-09-15