Richard Mack - Jul 27, 2023 Form 4/A - Amendment Insider Report for Claros Mortgage Trust, Inc. (CMTG)

Signature
/s/ Jeffrey D. Siegel, Attorney-in-Fact for Richard Mack
Stock symbol
CMTG
Transactions as of
Jul 27, 2023
Transactions value $
$0
Form type
4/A - Amendment
Date filed
7/31/2023, 08:36 PM
Date Of Original Report
Jun 16, 2022
Previous filing
Apr 3, 2023
Next filing
Aug 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMTG COMMON STOCK Award $0 +510K +35.97% $0.00 1.93M Jul 27, 2023 Direct F1, F2
holding CMTG COMMON STOCK 1.39M Jul 27, 2023 By Mack CMTG Holdings Member, LLC 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 Award $0 +255K $0.00 255K Jul 27, 2023 COMMON STOCK 255K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 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.
F2 This Amendment is being filed to report that the 254,821 restricted stock units ("RSUs") previously granted on June 14, 2022 that were previously reported on June 16, 2022 in Table I as shares of common stock are now being reported as derivative securities in Table II due to the fact that, on July 27, 2023, the Issuer's Compensation Committee approved an amendment to the RSUs that authorizes partial cash settlement of the first vesting tranche of the RSUs to satisfy tax obligations associated with such vesting. This filing does not reflect a new grant of awards.
F3 Represents a change in beneficial ownership from indirect holdings through Mack CMTG Holdings LLC ("CMTG Holdings") to indirect holdings through Mack CMTG Holdings Member, LLC, resulting from a distribution by CMTG Holdings to its members, without any change in Mr. Mack's pecuniary interest. Mr. Mack disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.