Company: MITN
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001514281-25-000033
Chunk: 38

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 38
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#### 2025 EQUITY INCENTIVE PLAN
As of March 21, 2025, our 2020 Equity Incentive Plan (the “Prior Plan”), only has 239,183 shares of common stock available for issuance under new awards and 130,000 shares of common stock subject to outstanding awards. For the year ended December 31, 2024, we issued an aggregate of 72,814 shares of our common stock to our independent directors in accordance with our non-employee director compensation plan. As of March 20, 2025, the market price per share of the securities underlying the shares of common stock was $7.85.

Our Board of Directors has determined that more shares of common stock are needed in order to attract and retain key personnel and provide compensation to our employees, directors, and other service providers (as well as employees of our Manager and its affiliates who are providing services to us and our affiliates), and as a result, on February 28, 2025, our Board of Directors voted to freeze the Prior Plan and to adopt the new 2025 Plan, with both actions being effectuated only if our stockholders approve adoption of the 2025 Plan. If approved by our stockholders, the maximum number of shares of our common stock that will be available for issuance under the 2025 Plan will be 800,000 shares, plus the number of shares that remain available for issuance under the Prior Plan (which as of March 21, 2025, is 239,183 shares of common stock), plus any shares of common stock subject to outstanding awards under the Prior Plan that, after March 21, 2025, become forfeited or otherwise lapse.

Our Board believes that the 2025 Plan will benefit the Company by (i) assisting in recruiting and retaining the services of individuals with high ability and initiative, (ii) providing greater incentives for employees and other individuals (including employees of our Manager and its affiliates) who provide valuable services to the Company and its affiliates and (iii) associating the interests of those persons with the Company and our stockholders.

If approved by our stockholders, the 2025 Plan will be effective as of May 5, 2025, and will contribute to a potential dilution of approximately 2.7%. This potential dilution was calculated by dividing the total number of shares of common stock available for issuance under the 2025 Plan by the total number of outstanding shares of