Rithm Capital Corp. - Oct 18, 2024 Form 4 Insider Report for Great Ajax Corp. (AJX)

Role: 10%+ Owner
Signature: Rithm Capital Corp., By: /s/ Nicola Santoro, Jr., Chief Financial Officer
Stock symbol: AJX
Transactions as of: Oct 18, 2024
Transactions value $: $1,409,288
Form type: 4
Date filed: 10/24/2024, 05:04 PM
Previous filing: Jun 27, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AJX	Common Stock, par value $0.01 per share	Other	$1.41M	+442K		$3.19	442K	Oct 18, 2024	See Footnote 2	F1, F2
holding	AJX	Common Stock, par value $0.01 per share						2.87M	Oct 18, 2024	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects shares issued by the Issuer to RCM GA Manager LLC (the "Adviser"), an affiliate of the reporting person, as payment of the quarterly management fee, which can be paid in cash or shares of the Issuer's common stock at the election of the Adviser, as compensation for the services the Adviser provides to the Issuer and its subsidiaries, pursuant to, and subject to the terms and conditions of, the management agreement among the Issuer, Great Ajax Operating Partnership LP and the Adviser.
F2	These shares are owned directly by RCM GA Manager LLC. The reporting person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.

Content

Reflects shares issued by the Issuer to RCM GA Manager LLC (the "Adviser"), an affiliate of the reporting person, as payment of the quarterly management fee, which can be paid in cash or shares of the Issuer's common stock at the election of the Adviser, as compensation for the services the Adviser provides to the Issuer and its subsidiaries, pursuant to, and subject to the terms and conditions of, the management agreement among the Issuer, Great Ajax Operating Partnership LP and the Adviser.

These shares are owned directly by RCM GA Manager LLC. The reporting person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.