Finkelstein David L

CEO David Finkelstein sells substantial stake in NLY while stock recovers from recent pullback

CEO David Finkelstein's sale of a meaningful position during a period of recent recovery is worth examining in context. NLY, a profitable mortgage REIT trading at a reasonable valuation, has bounced notably over the past month after a slight pullback earlier in the quarter. While Finkelstein's $1.1 million sale represents about 6% of his holdings, the timing—executed as the stock has regained ground—suggests opportunistic trimming rather than a panic exit. As a C-suite leader with direct operational insight into mortgage portfolio performance and interest rate positioning, his decision to reduce exposure during a recovery period may reflect caution about near-term capital appreciation, though it falls short of signaling major distress. The modest percentage of his stake being sold and the company's fundamentally sound earnings profile indicate this is routine portfolio rebalancing from a well-positioned executive, not a red flag.

CEO Finkelstein sells 50,000 NLY shares at $23.13, retains 688,134 shares; stock down 5.8% from 52-week high.

David L Finkelstein, CEO and Co-CIO of Annaly Capital Management, sold 50,000 shares on 2026-02-18 at $23.13, reducing his holdings by 6.8% to 688,134 shares. The sale occurred near the company's 52-week high of $24.40 (current price $22.98 is 5.8% below peak). Across his five prior trades at NLY, only 1 of 5 prior sells achieved a negative 90-day return (20% well-timed rate), suggesting his sales at this ticker have historically not preceded declines. The company shows strong fundamentals with $832.4M in net income, a P/E of 6.55, and $16.5B market cap, providing no apparent distress signal. The sale is routine portfolio management by a senior officer rather than an urgent signal.

CEO David L Finkelstein sold 50,000 NLY shares at $21.16; retains 709,725 shares post-transaction.

Finkelstein sold 50,000 shares on 2025-11-03 at $21.16, representing a -6.6% reduction from his pre-transaction holding of 759,725 shares. The stock has since traded higher: current price is $21.51, and the 30-day and 90-day returns post-transaction are +3.6% and +4.5% respectively. At the same-ticker level, his prior 5 sales at NLY show mixed timing—only 2 of 5 were well-timed at the 90-day mark—suggesting no strong pattern of prescient selling at this equity. His cross-ticker track record across 7 prior sales shows an average 90-day return of +2.6%, modestly above the post-transaction 90-day return of +4.5% on this sale. The company's P/E of 9.82 and positive net income of $832,445,000.00 indicate a profitable mREIT; the magnitude of this sale is routine relative to his substantial remaining stake of 709,725 shares.

CEO David L Finkelstein sold 50,000 NLY shares at $20.79 on 2025-08-04; stock up +6.7% in 30 days.

David L Finkelstein, CEO and Co-CIO of Annaly Capital Management, sold 50,000 shares for $1,039,500.00, reducing his holdings from 793,430 to 743,430 shares. The stock has traded at $20.79 within a 52-week range of $17.30–$21.96, currently -5.3% from its high. At the same ticker, his prior five sales were followed by mixed timing outcomes: two were well-timed (30d and 90d declines after the sale), though three were poorly timed, with the stock rising after the sale. This current sale occurs after the stock has already risen +6.7% over 30 days and +8.7% over 90 days, continuing a pattern where NLY gains often follow his sales. Without a 10b5-1 plan flag or other context indicating scheduled execution, the sale appears discretionary.

CEO David Finkelstein sold 50.0K NLY shares at $19.27 on 2025-05-05; holds 760.8K post-sale.

CEO and Co-CIO Finkelstein sold 50,000 shares at $19.27, reducing his holdings by 50,000 shares from 810.8K to 760.8K shares. The sale occurred near the stock's recent range midpoint, with NLY currently trading at $19.02, down 13.4% from its 52-week high of $21.96. Finkelstein's prior NLY sales show mixed timing outcomes: his last four measurable sales at this ticker produced 30-day gains ranging from 2.0% to 5.2%, but only 1 of 4 prior 90-day outcomes was negative (well-timed for a sell). His cross-ticker track record shows an average 90-day return of 4.2% after sells and a 25.00% well-timed rate, indicating his sales have historically not preceded major declines. The company trades at a P/E of 3.99 with $66.4M in net income and a market cap of $11.0B, suggesting a mature, low-multiple business.

CEO David L Finkelstein sold 50,000 NLY shares at $20.60; holds 677,465 shares post-sale. Stock at $20.76.

David L Finkelstein, CEO and Co-CIO of Annaly Capital Management, sold 50,000 shares ($1.0M) on 2025-02-10 at $20.60, reducing his holdings by 6.9% to 677,465 shares. The current price of $20.76 is -0.6% from the 52-week high, and the stock has gained 14.4% over 30 days and 5.8% over 90 days. His prior four open-market sales across all tickers show mixed timing outcomes, with an average 90-day return of +4.2% and a 90d well-timed rate of 25.00%. Notably, at this specific ticker (NLY), his four prior sales had a 25% well-timed rate at the 90-day mark (only 1 of 4 preceded declines). The company reported net income of $66,445,000.00 but was unprofitable over its most recent full fiscal year, with a P/E of 98.86 and market cap of $11,636,979,552.48, suggesting elevated valuation amid inconsistent earnings. This sale represents a modest reduction in a substantial position held by a senior executive.

CEO David L Finkelstein sells 50,000 NLY shares at $19.25; stock down 8.1% from 52-week high

David L Finkelstein, CEO and CIO, sold 50,000 shares on 2024-10-28 at $19.25, reducing holdings from 612.5K to 562.5K shares (-8.2% of prior holdings). The transaction occurs with NLY trading $19.18 currently, -8.1% from its 52-week high of $20.88 and -7.2% over the prior 30 days. His prior trades at NLY (3 sales in 2023–2024) showed mixed timing results: two achieved positive 90-day returns of +5.2% and +4.9%, while a third remains unmeasurable; none qualify as well-timed at the 90-day mark. The company's most recent full fiscal year showed a net loss of $-9,483,000, adding a layer of financial weakness to the timing of the sale near the stock's 52-week range low.

CEO David L Finkelstein sold 50,000 NLY shares at $20.05 for $1.0M; holds 612.5K shares post-sale. Stock now $20.31 amid unprofitable year.

David L Finkelstein, CEO and CIO, sold 50,000 shares (50.0K shares) at $20.05 on 2024-08-16 for $1,002,500.00, reducing his holdings from 662.5K to 612.5K shares (-7.5%). The sale occurs with the company unprofitable over its most recent full fiscal year (net income $-9,483,000.00). His prior trades at NLY have not been well-timed at the 90-day mark: a February 2024 sale returned +4.7% at 30d and +4.9% at 90d, while a November 2023 sale returned +5.2% at 30d and +13.0% at 90d—both cases where the stock rose after his sales, indicating missed upside. Current stock price of $20.31 sits -2.0% from the 52-week high of $20.73, suggesting the timing of this sale relative to near-peak valuations warrants monitoring.