X0306 4 2022-01-03 0001571776 Cherry Hill Mortgage Investment Corp CHMI 0001780027 Hutchby Michael Andrew 1451 HIGHWAY 34, SUITE 303 FARMINGDALE NJ 07727 true Chief Financial Officer LTIP Units 2022-01-03 4 A 0 8000 A Common Stock 8000 43500 D Represents units of limited partnership interests ("LTIP Units") in Cherry Hill Operating Partnership, L.P. (the "Operating Partnership") of which the Issuer is the general partner. Vested LTIP Units, upon achieving parity with the common units of limited partnership interest in the Operating Partnership pursuant to the terms of the partnership agreement, may be exchanged at any time for cash (as described in the partnership agreement) or, at the election of the Issuer, for shares of common stock on a one-for-one basis. The LTIP Units will vest and become nonforfeitable ratably over the three-year period beginning on the date of grant, subject to the reporting person's continued service to the Issuer, the external manager, Cherry Hill Mortgage Management, LLC or its affiliate and have no expiration date. /s/ Michael Hutchby 2022-01-04