Key facts
- This page summarizes Daniel J. Hirsch's Form 4 filing for Broadmark Realty Capital Inc..
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 02 Jun 2023, 16:15.
Daniel J. Hirsch - 31 May 2023 Form 4 Insider Report for Broadmark Realty Capital Inc.
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 31 May 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 02 Jun 2023, 16:15:27 UTC
- Prior SEC filing
- 20 Apr 2023
- Next SEC filing
- 05 Jun 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Daniel J. Hirsch
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Daniel J. Hirsch filed Form 4 for Broadmark Realty Capital Inc. on 02 Jun 2023.
Change
- Previous filing in this sequence was filed on 20 Apr 2023.
- Current net transaction value: $0.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
BRMK
transaction
Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -206,532
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 31 May 2023
- Ownership
- Direct
- Footnotes
- F1, F2, F3, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
BRMK
transaction
Derivative
Warrants (Right to Buy)
Disposed to Issuer
- Transaction value
- Shares
- -259
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 31 May 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 259
- Exercise price
- $11.50
- Footnotes
- F1, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Daniel J. Hirsch is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 5 footnotes
Footnote F1
Pursuant to the Agreement and Plan of Merger, dated as of February 26, 2023 (the "Agreement"), by and among Ready Capital Corporation, a Maryland corporation ("Parent"), RCC Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of Parent ("Merger Sub"), and the Issuer, effective May 31, 2023 (the "Effective Time"), the Issuer was merged with and into Merger Sub with Merger Sub continuing as the surviving company and a subsidiary of Parent.
Footnote F2
Pursuant to the Agreement, at the Effective Time, each one share of the Issuer's common stock ("Common Stock") issued and outstanding immediately prior to the Effective Time was converted into the right to 0.47233 shares (the "Exchange Ratio") of Parent's common stock ("Parent Common Stock"), with fractional shares paid out in cash.
Footnote F3
Includes 13,050 restricted stock units ("RSUs") unvested immediately prior to the Effective Time. Each RSU represented a contingent right to receive one share of Common Stock upon vesting.
Footnote F4
Pursuant to the Agreement, at the Effective Time, each Issuer RSU outstanding, whether vested or unvested, was assumed by Parent and converted into an award of RSUs with respect to a number of shares of Parent Common Stock equal to the product of (i) the total number of shares of Common Stock subject to such RSUs as of immediately prior to the Effective Time and (ii) the Exchange Ratio (rounded to the nearest whole share), on the same terms and conditions as were applicable to such RSUs as of immediately prior to the Effective Time.
Footnote F5
Pursuant to the Agreement, following the Effective Time, each Issuer warrant representing the right to purchase shares of Common Stock ("Warrants") remained outstanding and entitles the Reporting Person to receive, upon the exercise of such Warrants, the number of shares of Parent Common Stock equal to the product of (i) the number of shares of Common Stock subject to such Warrants immediately prior to the Effective Time and (ii) the Exchange Ratio, on the same terms and conditions as were applicable to such Warrants as of immediately prior to the Effective Time.