{"url_path":"/sec/efc-pd/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-11","source_url":"https://www.sec.gov/Archives/edgar/data/1411342/0001628280-26-033463-index.html","accession_number":"0001628280-26-033463","cik":"0001411342","ticker":"EFC","issuer_name":"Ellington Financial Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1411342/0001628280-26-033463-index.html","primary_entity_key":"0001411342","primary_entity_name":"Ellington Financial Inc."},"word_count":164,"has_tables":true,"body_markdown":"Item 2. Unregistered Sales of Equity Securities and Use of Proceeds\n\nUnregistered Sales of Equity Securities\n\nPursuant to our 2017 Equity Incentive Plan, on March 16, 2026, we granted 95,598 OP LTIP Units to certain of our personnel, subject to forfeiture restrictions that will lapse on December 31, 2027. On March 18, 2026, we granted 320,039 OP LTIP Units to certain of our personnel, subject to forfeiture restrictions that will lapse on March 18, 2027.\n\nOnce vested, OP LTIP Units may be converted at the election of the holder, or at any time at our election, into OP Units on a one-for-one basis. Subject to certain conditions, the OP Units are redeemable by the holder for an equivalent number of shares of our common stock or, at our election, for the cash value of such shares of our common stock. Such grants were exempt from the registration requirements of the Securities Act based on the exemption provided in Section 4(a)(2) of the Securities Act."}