Adam Zausmer - Feb 22, 2025 Form 4 Insider Report for Ready Capital Corp (RC)

Role
Chief Credit Officer
Signature
/s/ Misbah Mohiuddin, Attorney-in-Fact
Stock symbol
RC
Transactions as of
Feb 22, 2025
Transactions value $
-$107,117
Form type
4
Date filed
2/25/2025, 05:34 PM
Previous filing
Feb 14, 2025
Next filing
Mar 10, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RC Common Stock Award $0 +89.3K +45.12% $0.00 287K Feb 22, 2025 Direct F1
transaction RC Common Stock Tax liability -$45.5K -6.78K -2.36% $6.72 280K Feb 22, 2025 Direct F2, F3
transaction RC Common Stock Options Exercise $0 +19.9K +7.1% $0.00 300K Feb 22, 2025 Direct F4
transaction RC Common Stock Tax liability -$61.6K -9.16K -3.05% $6.72 291K Feb 22, 2025 Direct F3, F5

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 -19.9K $0.00 $0 Feb 22, 2025 Common Stock 19.9K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 22, 2025, the reporting person was awarded 89,286 shares of restricted Common Stock under the Ready Capital Corporation 2023 Equity Incentive Plan. The shares will vest in equal installments of one-third on February 22, 2026, February 22, 2027 and February 22, 2028.
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 granted on February 22, 2024.
F3 Represents the closing price of the Common Stock on February 21, 2025.
F4 Reflects performance stock units ("PSUs") earned on February 22, 2025, 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. All of the PSUs earned converted to fully-vested shares of Common Stock on February 22, 2025.
F5 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 PSUs as described in footnote (4) hereof.