Adam Zausmer - Jan 9, 2024 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
Jan 9, 2024
Transactions value $
-$20,230
Form type
4
Date filed
1/11/2024, 07:40 PM
Previous filing
Feb 14, 2023
Next filing
Feb 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RC Common Stock Options Exercise $0 +5.57K +8.57% $0.00 70.5K Jan 9, 2024 Direct F1
transaction RC Common Stock Tax liability -$20.2K -2.02K -2.87% $10.00 68.5K Jan 9, 2024 Direct F2, 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 RC Performance Stock Units Options Exercise $0 -5.57K -100% $0.00* 0 Jan 9, 2024 Common Stock 5.57K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects performance stock units ("PSUs") earned on January 9, 2024, 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.
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.
F3 Represents the closing price of the Common Stock on January 9, 2024.