Jack J. Ross - Mar 5, 2025 Form 4 Insider Report for Ready Capital Corp (RC)

Role: President, Director
Signature: /s/ Jack J. Ross, by Misbah Mohiuddin, his Attorney-in-fact
Stock symbol: RC
Transactions as of: Mar 5, 2025
Transactions value $: $24,245
Form type: 4
Date filed: 3/6/2025, 04:30 PM
Previous filing: Nov 10, 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RC	Common Stock	Purchase	$24.2K	+5K	+3.22%	$4.85	160K	Mar 5, 2025	Direct	F1, F2
holding	RC	Common Stock						155K	Mar 5, 2025	By Robin J. Ross 2009 Trust	F3
holding	RC	Common Stock						73.4K	Mar 5, 2025	By Waterfall	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.845 to $4.85. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (1) to this Form 4.
F2	The Reporting Person owns the shares of Common Stock of the Issuer through the Mr. Jack J. Ross and Mrs. Robin J. Ross JTWROS, a joint tenant account of the Reporting Person and his wife.
F3	The Reporting Person owns the shares of Common Stock of the Issuer through the Robin J. Ross 2009 Trust. The Reporting Person does not serve as the trustee for the trust and the Reporting Person's wife is the trustee and sole beneficiary of the trust. The trustee of the trust has sole voting and investment power with respect to the securities held by the trust.
F4	These shares represent the 73,407 shares of Common Stock of the Issuer out of the 241,691 and 8,869 total shares of Common Stock owned by Waterfall Asset Management, LLC (the "Manager") and its affiliate, Waterfall Management, LLC ("WM" and together with the Manager, "Waterfall"), respectively, based on the Reporting Person's percentage of direct ownership interests in Waterfall.
F5	WM serves as the general partner of Sutherland REIT Holdings, LP (the "Partnership") and may be deemed to be the beneficial owner of the shares of Common Stock that are held by the Partnership. In addition, the Reporting Person is a principal of the Manager and may be deemed to share voting and investment power over the 7,034,717 shares of Common Stock held by the Partnership.