X0306 4 2022-02-23 0000826675 DYNEX CAPITAL INC DX 0001488216 Childress Jeffrey L C/O DYNEX CAPITAL, INC. 4991 LAKE BROOK DRIVE, SUITE 100 GLEN ALLEN VA 23060 0 1 0 0 Vice President and Controller Common Stock 2022-02-23 4 A 0 3033 0 A 13030 D Series C Preferred Stock 2022-02-24 4 P 0 100 24.75 A 1750 D Restricted shares awarded under the Dynex Capital, Inc. 2020 Stock and Incentive Plan. The shares vest in three equal installments on February 23, 2023, February 23, 2024 and February 23, 2025. The reporting person previously inadvertently overstated his ownership of common stock by one share. The full name of the Series C Preferred Stock is "6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock." /s/ Jeffrey L. Childress 2022-02-25