Andrew Ahlborn - 02 Mar 2026 Form 4 Insider Report for Ready Capital Corp (RC)

Role: Chief Financial Officer
Signature: /s/ Misbah Mohiuddin, Attorney-in-Fact
Issuer symbol: RC
Transactions as of: 02 Mar 2026
Net transactions value: $0
Form type: 4
Filing time: 09 Mar 2026, 17:15:05 UTC
Previous filing: 14 Mar 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Ahlborn Andrew	Chief Financial Officer	C/O READY CAPITAL CORPORATION,, 1251 AVENUE OF THE AMERICAS, 50TH FLOOR, NEW YORK	/s/ Misbah Mohiuddin, Attorney-in-Fact	09 Mar 2026	0001778219

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RC	Common Stock	Award		+600,000	+193%	$0.000000^*	910,808	02 Mar 2026	Direct	F1
transaction	RC	Common Stock	Award		+291,262	+32%	$0.000000^*	1,202,070	05 Mar 2026	Direct	F2

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	Award		+1,800,000		$0.000000^*	1,800,000	02 Mar 2026	Common Stock	1,800,000		Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	On March 2, 2026, the reporting person was awarded a special time-based retention award of 600,000 shares of restricted Common Stock under the Plan. The shares will vest on December 31, 2028, conditioned upon the reporting person's continued employment (with certain exceptions).
F2	On March 5, 2026, the reporting person was awarded 291,262 shares of restricted Common Stock under the Ready Capital Corporation 2023 Equity Incentive Plan (the "Plan"). The shares will vest in equal installments of one-third on March 5, 2027, March 5, 2028 and March 5, 2029, conditioned upon the reporting person's continued employment (with certain exceptions).
F3	Each performance stock unit represents a contingent right to receive one share of Common Stock (or an equivalent cash payment, as further described in footnote (4) below).
F4	On March 2, 2026, the reporting person was awarded a special performance-based retention award of 1,800,000 performance-based restricted stock units ("PSUs") under the Plan. The PSUs may vest in up to ten, approximately equal parts, provided that the 30-day volume weighted average price of the Common Stock equals or exceeds ten, approximately equally spaced milestones between specified points, and further conditioned upon the reporting person's continued employment (with certain exceptions). The PSUs (i) will be settled in shares of Common Stock if the stockholders of the Company approve at the 2026 annual meeting of stockholders ("2026 Annual Meeting") an amendment to the Plan to increase the pool of shares available for grant thereunder (the "Plan Amendment"), or (ii) if the Plan Amendment is not approved by the Company's stockholders at the 2026 Annual Meeting, then the PSUs will be settled in cash based upon the value per share of Common Stock on the applicable vesting date.