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

Reporting relationship: 10%+ Owner
Issuer ticker: RPT
Reported as of: 31 Aug 2022
Net transaction value: -$68,634,161
SEC form: 4
Accepted by SEC: 02 Sep 2022, 16:15:22 UTC
Prior SEC filing: 28 Jul 2022
Next SEC filing: 22 Dec 2022
Source filing: View source filing
Reporting 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

Key filing fact

Magnetar Financial LLC filed Form 4 for Great Ajax Corp. (RPT) on 02 Sep 2022.

Key facts

This page summarizes Magnetar Financial LLC's Form 4 filing for Great Ajax Corp. (RPT).
20 reported transactions and 13 derivative rows are listed below.
Accepted by SEC: 02 Sep 2022, 16:15.

Change

Previous filing in this sequence was filed on 28 Jul 2022.
Current net transaction value: -$68,634,161.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AJX transaction

7.25% Series A Fixed-to-Floating Rate Preferred Stock

Sale

Transaction value: $2,788,277
Shares: -113,483
Change %: -100%
Price: $24.57
Shares after: 0
Date: 31 Aug 2022
Ownership: Magnetar Longhorn Fund LP
Footnotes: F1, F2, F3

AJX transaction

7.25% Series A Fixed-to-Floating Rate Preferred Stock

Sale

Transaction value: $6,029,306
Shares: -245,393
Change %: -100%
Price: $24.57
Shares after: 0
Date: 31 Aug 2022
Ownership: Magnetar Structured Credit Fund, LP
Footnotes: F1, F2, F3

AJX transaction

7.25% Series A Fixed-to-Floating Rate Preferred Stock

Sale

Transaction value: $2,127,787
Shares: -86,601
Change %: -100%
Price: $24.57
Shares after: 0
Date: 31 Aug 2022
Ownership: Purpose Alternative Credit Fund - F LLC
Footnotes: F1, F2, F3

AJX transaction

7.25% Series A Fixed-to-Floating Rate Preferred Stock

Sale

Transaction value: $1,063,881
Shares: -43,300
Change %: -100%
Price: $24.57
Shares after: 0
Date: 31 Aug 2022
Ownership: Purpose Alternative Credit Fund - T LLC
Footnotes: F1, F2, F3

AJX transaction

7.25% Series A Fixed-to-Floating Rate Preferred Stock

Sale

Transaction value: $785,994
Shares: -31,990
Change %: -20%
Price: $24.57
Shares after: 124,410
Date: 31 Aug 2022
Ownership: Magnetar Constellation Fund V LLC
Footnotes: F1, F2, F3

AJX transaction

5.00% Series B Fixed-to-Floating Rate Preferred Stock

Sale

Transaction value: $3,549,547
Shares: -147,223
Change %: -100%
Price: $24.11
Shares after: 0
Date: 31 Aug 2022
Ownership: Magnetar Constellation Master Fund, Ltd
Footnotes: F1, F2, F3

AJX transaction

5.00% Series B Fixed-to-Floating Rate Preferred Stock

Sale

Transaction value: $1,122,441
Shares: -46,555
Change %: -20%
Price: $24.11
Shares after: 181,045
Date: 31 Aug 2022
Ownership: Magnetar Constellation Fund V Ltd
Footnotes: F1, F2, F3

AJX transaction

5.00% Series B Fixed-to-Floating Rate Preferred Stock

Sale

Transaction value: $25,074,400
Shares: -1,040,000
Change %: -100%
Price: $24.11
Shares after: 0
Date: 31 Aug 2022
Ownership: Magnetar SC Fund Ltd
Footnotes: F1, F2, F3

AJX transaction

5.00% Series B Fixed-to-Floating Rate Preferred Stock

Sale

Transaction value: $5,917,920
Shares: -245,455
Change %: -20%
Price: $24.11
Shares after: 954,545
Date: 31 Aug 2022
Ownership: Magnetar Xing He Master Fund Ltd
Footnotes: F1, F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AJX transaction Derivative

Series A Warrants (right to buy)

Sale

Transaction value: $537,957
Shares: -76,961
Change %: -100%
Price: $6.99
Shares after: 0
Date: 31 Aug 2022
Ownership: Magnetar Longhorn Fund LP
Underlying class: Common stock, par value $0.01 per share
Underlying amount: 76,961
Exercise price: $10.00
Footnotes: F1, F2, F3

AJX transaction Derivative

Series A Warrants (right to buy)

Sale

Transaction value: $1,172,230
Shares: -167,701
Change %: -100%
Price: $6.99
Shares after: 0
Date: 31 Aug 2022
Ownership: Magnetar Structured Credit Fund, LP
Underlying class: Common stock, par value $0.01 per share
Underlying amount: 167,701
Exercise price: $10.00
Footnotes: F1, F2, F3

AJX transaction Derivative

Series A Warrants (right to buy)

Sale

Transaction value: $756,681
Shares: -108,252
Change %: -100%
Price: $6.99
Shares after: 0
Date: 31 Aug 2022
Ownership: Purpose Alternative Credit Fund - F LLC
Underlying class: Common stock, par value $0.01 per share
Underlying amount: 108,252
Exercise price: $10.00
Footnotes: F1, F2, F3

AJX transaction Derivative

Series A Warrants (right to buy)

Sale

Transaction value: $378,334
Shares: -54,125
Change %: -100%
Price: $6.99
Shares after: 0
Date: 31 Aug 2022
Ownership: Purpose Alternative Credit Fund - T LLC
Underlying class: Common stock, par value $0.01 per share
Underlying amount: 54,125
Exercise price: $10.00
Footnotes: F1, F2, F3

AJX transaction Derivative

Series A Warrants (right to buy)

Sale

Transaction value: $279,516
Shares: -39,988
Change %: -53%
Price: $6.99
Shares after: 35,012
Date: 31 Aug 2022
Ownership: Magnetar Constellation Fund V LLC
Underlying class: Common stock, par value $0.01 per share
Underlying amount: 39,988
Exercise price: $10.00
Footnotes: F1, F2, F3

AJX transaction Derivative

Series A Warrants (right to buy)

Sale

Transaction value: $453,595
Shares: -64,892
Change %: -100%
Price: $6.99
Shares after: 0
Date: 31 Aug 2022
Ownership: Magnetar Longhorn Fund LP
Underlying class: Common stock, par value $0.01 per share
Underlying amount: 64,892
Exercise price: $10.00
Footnotes: F1, F2, F3

AJX transaction Derivative

Series A Warrants (right to buy)

Sale

Transaction value: $971,890
Shares: -139,040
Change %: -100%
Price: $6.99
Shares after: 0
Date: 31 Aug 2022
Ownership: Magnetar Structured Credit Fund, LP
Underlying class: Common stock, par value $0.01 per share
Underlying amount: 139,040
Exercise price: $10.00
Footnotes: F1, F2, F3

AJX transaction Derivative

Series B Warrants (right to buy)

Sale

Transaction value: $1,555,045
Shares: -184,029
Change %: -100%
Price: $8.45
Shares after: 0
Date: 31 Aug 2022
Ownership: Magnetar Constellation Master Fund, Ltd
Underlying class: Common stock, par value $0.01 per share
Underlying amount: 184,029
Exercise price: $10.00
Footnotes: F1, F2, F3

AJX transaction Derivative

Series B Warrants (right to buy)

Sale

Transaction value: $491,739
Shares: -58,194
Change %: -33%
Price: $8.45
Shares after: 116,806
Date: 31 Aug 2022
Ownership: Magnetar Constellation Fund V Ltd
Underlying class: Common stock, par value $0.01 per share
Underlying amount: 58,194
Exercise price: $10.00
Footnotes: F1, F2, F3

AJX transaction Derivative

Series B Warrants (right to buy)

Sale

Transaction value: $2,592,621
Shares: -306,819
Change %: -20%
Price: $8.45
Shares after: 1,193,181
Date: 31 Aug 2022
Ownership: Magnetar Xing He Master Fund Ltd
Underlying class: Common stock, par value $0.01 per share
Underlying amount: 306,819
Exercise price: $10.00
Footnotes: F1, F2, F3

AJX transaction Derivative

Series B Warrants (right to buy)

Sale

Transaction value: $10,985,000
Shares: -1,300,000
Change %: -100%
Price: $8.45
Shares after: 0
Date: 31 Aug 2022
Ownership: Magnetar SC Fund Ltd
Underlying class: Common stock, par value $0.01 per share
Underlying amount: 1,300,000
Exercise price: $10.00
Footnotes: F1, F2, F3

AJX holding Derivative

Series A Warrants (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 120,500
Date: 31 Aug 2022
Ownership: Magnetar Constellation Fund V LLC
Underlying class: Common stock, par value $0.01 per share
Underlying amount: 120,500
Exercise price: $10.00
Footnotes: F1, F2, F3

AJX holding Derivative

Series B Warrants (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 109,500
Date: 31 Aug 2022
Ownership: Magnetar Constellation Fund V Ltd
Underlying class: Common stock, par value $0.01 per share
Underlying amount: 109,500
Exercise price: $10.00
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Magnetar Financial LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote 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").

Footnote 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.

Footnote 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.