Douglas Durst - Dec 8, 2023 Form 4 Insider Report for Ladder Capital Corp (LADR)

Role
Director
Signature
/s/ Michelle Wallach, as Attorney-in-Fact for Douglas Durst
Stock symbol
LADR
Transactions as of
Dec 8, 2023
Transactions value $
$0
Form type
4
Date filed
12/8/2023, 05:15 PM
Previous filing
Feb 21, 2023
Next filing
Feb 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LADR Class A Common Stock Other -3.54M -100% 0 Dec 8, 2023 See footnote F1, F2
holding LADR Class A Common Stock 3.54M Dec 8, 2023 See footnotes F2, F3
holding LADR Class A Common Stock 52.2K Dec 8, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transfer of shares of Class A Common Stock ("Shares") from the Seymour Holding Corporation to The Durst Company LLC, each of which are indirectly controlled by the Reporting Person, was based on FMV on the date of such transfer but does not represent a change in the Reporting Person's pecuniary interest.
F2 The reported securities, which were previously reported as held by the Seymour Holding Corporation, are held directly by The Durst Company LLC which is indirectly held by trusts for the benefit of the Reporting Person and family members of the Reporting Person. Investment decisions with respect to the Shares are made by The Durst Manager LLC. SRDA Manager, LLC is the managing member of The Durst Manager LLC and Mr. Durst is Chairman of SRDA Manager, LLC. As a result, Mr. Durst may be deemed to have voting and dispositive power with respect to the Shares that are held directly by The Durst Company LLC.
F3 The Reporting Person disclaims beneficial ownership of these Shares except to the extent of his pecuniary interest therein, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of such Shares for purposes of Section 16 or for any other purpose.