Paul M. Friedman - Mar 13, 2024 Form 4 Insider Report for Great Ajax Corp. (AJX)

Role
Director
Signature
/s/ Paul M Friedman
Stock symbol
AJX
Transactions as of
Mar 13, 2024
Transactions value $
$15,000
Form type
4
Date filed
3/18/2024, 07:00 PM
Previous filing
Jan 29, 2024
Next filing
Apr 5, 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 Award $15K +3.08K +7.14% $4.87 46.2K Mar 13, 2024 By Paul M. Friedman Living Trust F1

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
holding AJX 7.25% Convertible Notes due 2024 800 Mar 13, 2024 Common Stock, par value $0.01 per share 1.39K $14.36 By Paul M. Friedman Living Trust F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Payment of special committee chairman director fees, which was approved by the compensation committee of the board of directors. This form is being filed subsequent to the standard Form 4 timeline.
F2 The conversion rate of the 7.25% convertible notes due 2024 (the "Notes") equals 1.7405 shares of the Issuer's common stock per $25.00 principal amount of the Notes (equivalent to a conversion price of approximately $14.36 per share of the Issuer's common stock). The conversion rate, and thus the conversion price, will be subject to adjustment in accordance with the terms of the Notes.
F3 Calculated based on the conversion rate of 1.7405 shares of the Issuer's common stock per $25.00 principal amount of Notes.