Andrew Ahlborn - 09 Jan 2024 Form 4 Insider Report for Ready Capital Corp (RC)

Role
Chief Financial Officer
Signature
/s/ Misbah Mohiuddin, Attorney-in-Fact
Issuer symbol
RC
Transactions as of
09 Jan 2024
Transactions value $
-$33,020
Form type
4
Filing time
11 Jan 2024, 19:42:42 UTC
Previous filing
14 Feb 2023
Next filing
14 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RC Common Stock Options Exercise $0 +8.35K +10.99% $0.00 84.3K 09 Jan 2024 Direct F1
transaction RC Common Stock Tax liability -$33K -3.3K -3.92% $10.00 81K 09 Jan 2024 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RC Performance Stock Units Options Exercise $0 -8.35K -100% $0.00* 0 09 Jan 2024 Common Stock 8.35K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects performance stock units ("PSUs") earned on January 9, 2024, under the Ready Capital Corporation 2013 Equity Incentive Plan, which represent the right to receive one share of Common Stock of the Issuer for each PSU at vesting.
F2 Consists of shares of Common Stock withheld by the Issuer, with approval of the Issuer's Board of Directors, in order to satisfy the tax withholding obligation of the reporting person in connection with the vesting of shares of Common Stock.
F3 Represents the closing price of the Common Stock on January 9, 2024.