Key facts
- This page summarizes Thomas E. Capasse's Form 4 filing for Ready Capital Corp (RC).
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 06 Mar 2025, 21:00.
Thomas E. Capasse - 05 Mar 2025 Form 4 Insider Report for Ready Capital Corp (RC)
- Reporting relationship
- CEO and CIO, Director
- Issuer ticker
- RC
- Reported as of
- 05 Mar 2025
- Net transaction value
- +$497,080
- SEC form
- 4
- Accepted by SEC
- 06 Mar 2025, 21:00:18 UTC
- Prior SEC filing
- 16 Aug 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Thomas E. Capasse, by Misbah Mohiuddin, his Attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Thomas E. Capasse filed Form 4 for Ready Capital Corp (RC) on 06 Mar 2025.
Change
- Previous filing in this sequence was filed on 16 Aug 2023.
- Current net transaction value: +$497,080.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
RC
transaction
Common Stock
Purchase
- Transaction value
- $47,980
- Shares
- +10,000
- Change %
- +3.2%
- Price
- $4.80
- Shares after
- 319,925
- Date
- 05 Mar 2025
- Ownership
- Direct
- Footnotes
- F1
RC
transaction
Common Stock
Purchase
- Transaction value
- $449,100
- Shares
- +90,000
- Change %
- +28%
- Price
- $4.99
- Shares after
- 409,925
- Date
- 06 Mar 2025
- Ownership
- Direct
- Footnotes
- F2
RC
holding
6.50% Series E Cumulative Redeemable Preferred Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 20,000
- Date
- 05 Mar 2025
- Ownership
- Direct
- Footnotes
- F3
RC
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 73,409
- Date
- 05 Mar 2025
- Ownership
- By Waterfall
- Footnotes
- F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.795 to $4.7999. 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.
Footnote F2
The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.865 to $5.04. 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 (2) to this Form 4.
Footnote F3
Upon the occurrence of a Change of Control (as defined in the Articles Supplementary relating to the Series E Preferred Stock) of the Issuer, the Reporting Person will have the right to convert the shares of Series E Preferred Stock into a number of shares of common stock of the Issuer per share of Series E Preferred Stock equal to the lesser of (A) the quotient obtained by dividing (i) the sum of (x) the $25.00 liquidation preference plus (y) the amount of any accrued and unpaid dividends by (ii) the Common Stock Price (as defined in the Articles Supplementary relating to the Series E Preferred Stock) and (B) 3.2916, subject to certain adjustments indicated in the Articles Supplementary relating to the Series E Preferred Stock.
Footnote F4
These shares represent the 73,409 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.
Footnote 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.