CHMI · Cherry Hill Mortgage Investment Corp

Shares of common stock withheld by Cherry Hill Mortgage Investment Corporation to satisfy tax withholding requirements on the grant of unrestricted shares of common stock.

Each granted restricted stock unit ("RSU") represents the right to receive one share of the Issuer's common stock. Vested RSUs are payable in the form of shares of the Issuer's common stock, delivered to the reporting person no later than sixty days after the date on which vesting occurs, subject to the collection of withholding taxes.

On May 30, 2024, the Reporting Person was granted 33,333 RSUs, vesting ratably over a three-year period, with one-third vesting on the first anniversary of the grant date, one-third on the second anniversary of the grant date, and one-third on the third anniversary of the grant date, subject to the terms and conditions of the Cherry Hill Mortgage Investment Corporation 2023 Equity Incentive Plan and the Restricted Stock Unit Award Agreement entered into between the Issuer and the Reporting Person.

Each granted restricted stock unit ("RSU") represents the right to receive one share of the Issuer's common stock. Vested RSUs are payable in the form of shares of the Issuer's common stock, delivered to the reporting person no later than sixty days after the date on which vesting occurs, subject to the collection of withholding taxes.

Each granted restricted stock unit ("RSU") represents the right to receive one share of the Issuer's common stock. Vested RSUs are payable in the form of shares of the Issuer's common stock, delivered to the reporting person no later than sixty days after the date on which vesting occurs, subject to the collection of withholding taxes. Dividend equivalent rights accrue with respect to unvested RSUs in the form of cash, securities, or other property when and as dividends are paid on the Issuer's common stock, and are paid or distributed to the reporting person within thirty days of the date that the corresponding dividend payment or distribution is made to shareholders of the company, subject to the collection of withholding taxes.

The Reporting Person was granted RSUs which vest ratable over a three-year period, with one-third vesting on April 21, 2027, one-third on April 21, 2028, and one-third on April 21, 2029, subject to the terms and conditions of the previously disclosed Cherry Hill Mortgage Investment Corporation 2023 Equity Incentive Plan (the "Plan") and the Restricted Stock Unit Agreement entered into between the Issuer and the Reporting Person.

Each granted restricted stock unit ("RSU") represents the right to receive one share of the Issuer's common stock. Vested RSUs are payable in the form of shares of the Issuer's common stock, delivered to the reporting person no later than sixty days after the date on which vesting occurs, subject to the collection of withholding taxes. Dividend equivalent rights accrue with respect to unvested RSUs in the form of cash, securities, or other property when and as dividends are paid on the Issuer's common stock, and are paid or distributed to the reporting person within thirty days of the date that the corresponding dividend payment or distribution is made to shareholders of the company, subject to the collection of withholding taxes.

The Reporting Person was granted RSUs which vest ratable over a three-year period, with one-third vesting on April 21, 2027, one-third on April 21, 2028, and one-third on April 21, 2029, subject to the terms and conditions of the previously disclosed Cherry Hill Mortgage Investment Corporation 2023 Equity Incentive Plan (the "Plan") and the Restricted Stock Unit Agreement entered into between the Issuer and the Reporting Person.

Each granted restricted stock unit ("RSU") represents the right to receive one share of the Issuer's common stock. Vested RSUs are payable in the form of shares of the Issuer's common stock, delivered to the reporting person no later than sixty days after the date on which vesting occurs, subject to the collection of withholding taxes. Dividend equivalent rights accrue with respect to unvested RSUs in the form of cash, securities, or other property when and as dividends are paid on the Issuer's common stock, and are paid or distributed to the reporting person within thirty days of the date that the corresponding dividend payment or distribution is made to shareholders of the company, subject to the collection of withholding taxes.

The Reporting Person was granted RSUs which vest ratable over a three-year period, with one-third vesting on April 21, 2027, one-third on April 21, 2028, and one-third on April 21, 2029, subject to the terms and conditions of the previously disclosed Cherry Hill Mortgage Investment Corporation 2023 Equity Incentive Plan (the "Plan") and the Restricted Stock Unit Agreement entered into between the Issuer and the Reporting Person.

Each granted restricted stock unit ("RSU") represents the right to receive one share of the Issuer's common stock. Vested RSUs are payable in the form of shares of the Issuer's common stock, delivered to the reporting person no later than sixty days after the date on which vesting occurs, subject to the collection of withholding taxes. Dividend equivalent rights accrue with respect to unvested RSUs in the form of cash, securities, or other property when and as dividends are paid on the Issuer's common stock, and vest on the same date as the RSUs on which they accrue.

The Reporting Person was granted RSUs which vest in full on February 10, 2027, subject to the terms and conditions of the previously disclosed Cherry Hill Mortgage Investment Corporation 2023 Equity Incentive Plan (the "Plan") and the Restricted Stock Unit Agreement entered into between the Issuer and the Reporting Person.

Shares sold by the Reporting Person to pay income taxes.

Shares of common stock withheld by Cherry Hill Mortgage Investment Corporation to satisfy tax withholding requirements on the grant of unrestricted shares of common stock.

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.

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.

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.

The total number of shares of common stock beneficially owned includes 839.564 shares of common stock issued to the reporting person in connection with a dividend paid 50% in cash and 50% in stock on April 28, 2020 to common stockholders of record as of the close of business on March 31, 2020.

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.

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.

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.

Includes 621 shares of common stock issued to the reporting person on April 28, 2020 as a stock dividend, which stock dividend was payable to all holders of record on March 31, 2020.

Includes 80 shares of common stock issued to the reporting person on April 28, 2020 as a stock dividend, which stock dividend was payable to all holders of record on March 31, 2020.

Includes 271 shares of common stock issued to the reporting person on April 28, 2020 as a stock dividend, which stock dividend was payable to all holders of record on March 31, 2020.

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.

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.

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.

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.

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.