Magnetar Financial LLC - Aug 31, 2022 Form 4 Insider Report for Great Ajax Corp. (AJX)

Role
10%+ Owner
Signature
/s/ Alec N. Litowitz, as Manager of Supernova Management LLC, which is the General Partner of Magnetar Capital Partners LP, which is in turn the Sole Member of Magnetar Financial LLC
Stock symbol
AJX
Transactions as of
Aug 31, 2022
Transactions value $
-$68,634,161
Form type
4
Date filed
9/2/2022, 04:15 PM
Previous filing
Jul 28, 2022
Next filing
Dec 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJX 7.25% Series A Fixed-to-Floating Rate Preferred Stock Sale -$2.79M -113K -100% $24.57 0 Aug 31, 2022 Magnetar Longhorn Fund LP F1, F2, F3
transaction AJX 7.25% Series A Fixed-to-Floating Rate Preferred Stock Sale -$6.03M -245K -100% $24.57 0 Aug 31, 2022 Magnetar Structured Credit Fund, LP F1, F2, F3
transaction AJX 7.25% Series A Fixed-to-Floating Rate Preferred Stock Sale -$2.13M -86.6K -100% $24.57 0 Aug 31, 2022 Purpose Alternative Credit Fund - F LLC F1, F2, F3
transaction AJX 7.25% Series A Fixed-to-Floating Rate Preferred Stock Sale -$1.06M -43.3K -100% $24.57 0 Aug 31, 2022 Purpose Alternative Credit Fund - T LLC F1, F2, F3
transaction AJX 7.25% Series A Fixed-to-Floating Rate Preferred Stock Sale -$786K -32K -20.45% $24.57 124K Aug 31, 2022 Magnetar Constellation Fund V LLC F1, F2, F3
transaction AJX 5.00% Series B Fixed-to-Floating Rate Preferred Stock Sale -$3.55M -147K -100% $24.11 0 Aug 31, 2022 Magnetar Constellation Master Fund, Ltd F1, F2, F3
transaction AJX 5.00% Series B Fixed-to-Floating Rate Preferred Stock Sale -$1.12M -46.6K -20.45% $24.11 181K Aug 31, 2022 Magnetar Constellation Fund V Ltd F1, F2, F3
transaction AJX 5.00% Series B Fixed-to-Floating Rate Preferred Stock Sale -$25.1M -1.04M -100% $24.11 0 Aug 31, 2022 Magnetar SC Fund Ltd F1, F2, F3
transaction AJX 5.00% Series B Fixed-to-Floating Rate Preferred Stock Sale -$5.92M -245K -20.45% $24.11 955K Aug 31, 2022 Magnetar Xing He Master Fund Ltd F1, 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 AJX Series A Warrants (right to buy) Sale -$538K -77K -100% $6.99 0 Aug 31, 2022 Common stock, par value $0.01 per share 77K $10.00 Magnetar Longhorn Fund LP F1, F2, F3
transaction AJX Series A Warrants (right to buy) Sale -$1.17M -168K -100% $6.99 0 Aug 31, 2022 Common stock, par value $0.01 per share 168K $10.00 Magnetar Structured Credit Fund, LP F1, F2, F3
transaction AJX Series A Warrants (right to buy) Sale -$757K -108K -100% $6.99 0 Aug 31, 2022 Common stock, par value $0.01 per share 108K $10.00 Purpose Alternative Credit Fund - F LLC F1, F2, F3
transaction AJX Series A Warrants (right to buy) Sale -$378K -54.1K -100% $6.99 0 Aug 31, 2022 Common stock, par value $0.01 per share 54.1K $10.00 Purpose Alternative Credit Fund - T LLC F1, F2, F3
transaction AJX Series A Warrants (right to buy) Sale -$280K -40K -53.32% $6.99 35K Aug 31, 2022 Common stock, par value $0.01 per share 40K $10.00 Magnetar Constellation Fund V LLC F1, F2, F3
transaction AJX Series A Warrants (right to buy) Sale -$454K -64.9K -100% $6.99 0 Aug 31, 2022 Common stock, par value $0.01 per share 64.9K $10.00 Magnetar Longhorn Fund LP F1, F2, F3
transaction AJX Series A Warrants (right to buy) Sale -$972K -139K -100% $6.99 0 Aug 31, 2022 Common stock, par value $0.01 per share 139K $10.00 Magnetar Structured Credit Fund, LP F1, F2, F3
transaction AJX Series B Warrants (right to buy) Sale -$1.56M -184K -100% $8.45 0 Aug 31, 2022 Common stock, par value $0.01 per share 184K $10.00 Magnetar Constellation Master Fund, Ltd F1, F2, F3
transaction AJX Series B Warrants (right to buy) Sale -$492K -58.2K -33.25% $8.45 117K Aug 31, 2022 Common stock, par value $0.01 per share 58.2K $10.00 Magnetar Constellation Fund V Ltd F1, F2, F3
transaction AJX Series B Warrants (right to buy) Sale -$2.59M -307K -20.45% $8.45 1.19M Aug 31, 2022 Common stock, par value $0.01 per share 307K $10.00 Magnetar Xing He Master Fund Ltd F1, F2, F3
transaction AJX Series B Warrants (right to buy) Sale -$11M -1.3M -100% $8.45 0 Aug 31, 2022 Common stock, par value $0.01 per share 1.3M $10.00 Magnetar SC Fund Ltd F1, F2, F3
holding AJX Series A Warrants (right to buy) 121K Aug 31, 2022 Common stock, par value $0.01 per share 121K $10.00 Magnetar Constellation Fund V LLC F1, F2, F3
holding AJX Series B Warrants (right to buy) 110K Aug 31, 2022 Common stock, par value $0.01 per share 110K $10.00 Magnetar Constellation Fund V Ltd F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Magnetar Financial LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Magnetar Financial LLC ("MFL") serves as investment manager of each of Magnetar Constellation Fund V Ltd, Magnetar Constellation Master Fund, Ltd, Magnetar SC Fund Ltd and Magnetar Xing He Master Fund Ltd, which are Cayman Islands exempted companies, and Magnetar Longhorn Fund LP and Magnetar Structured Credit Fund, LP, which are Delaware limited partnerships. MFL is the manager of each of Magnetar Constellation Fund V LLC, Purpose Alternative Credit Fund - F LLC and Purpose Alternative Credit Fund - T LLC, which are Delaware limited liability companies (collectively, the "Magnetar Funds").
F2 Magnetar Capital Partners LP ("MCP"), a Delaware limited partnership, is the sole member and parent holding company of MFL. Supernova Management LLC ("Supernova"), a Delaware limited liability company, is the general partner of MCP. The manager of Supernova is Alec N. Litowitz, a citizen of the United States of America.
F3 Each of the Magnetar Funds, MFL, MCP, Supernova and Alec N. Litowitz disclaims beneficial ownership of the securities identified herein except to the extent of their pecuniary interest in the preferred stock, warrants and shares of common stock issuable upon exercise of such warrants.