Richard Mack - 04 Aug 2023 Form 4 Insider Report for Claros Mortgage Trust, Inc. (CMTG)

Role
CEO AND CHAIRMAN, Director
Signature
/s/ Jeffrey D. Siegel, Attorney-in-Fact for Richard Mack
Issuer symbol
CMTG
Transactions as of
04 Aug 2023
Net transactions value
-$1,523,313
Form type
4
Filing time
08 Aug 2023, 19:54:22 UTC
Previous filing
31 Jul 2023
Next filing
27 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMTG COMMON STOCK Options Exercise $0 +254,821 +12% $0.000000 2,322,244 04 Aug 2023 Direct F1, F2
transaction CMTG COMMON STOCK Disposed to Issuer $1,523,313 -140,917 -6.1% $10.81 2,181,327 04 Aug 2023 Direct 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 CMTG RESTRICTED STOCK UNITS Options Exercise -254,821 -100% 0 04 Aug 2023 COMMON STOCK 0 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents first vesting tranche of restricted stock units ("RSUs") granted on June 14, 2022, which vest with respect to 1/3rd of the RSUs subject thereto on each of the 1st through 3rd anniversaries of July 1, 2022, subject to continued employment or service as provided in the award agreement. The RSUs have no expiration date.
F2 Reflects change in beneficial ownership from indirect to direct holdings pursuant to a distribution of 140,771 common stock shares by Mack CMTG Holdings Member, LLC to Reporting Person.
F3 Represents cash settlement of RSUs in order to satisfy tax obligations.