Key facts
- This page summarizes Sutherland REIT Holdings, LP's Form 5 filing for Ready Capital Corp (RC).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 14 Feb 2023, 07:00.
Sutherland REIT Holdings, LP - 31 Dec 2022 Form 5 Insider Report for Ready Capital Corp (RC)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- RC
- Reported as of
- 31 Dec 2022
- Net transaction value
- $0
- SEC form
- 5
- Accepted by SEC
- 14 Feb 2023, 07:00:17 UTC
- Prior SEC filing
- 14 Feb 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Thomas Capasse, Member
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Sutherland REIT Holdings, LP filed Form 5 for Ready Capital Corp (RC) on 14 Feb 2023.
Change
- Previous filing in this sequence was filed on 14 Feb 2022.
- 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
Official SEC source
View source filing
Ownership activity is grounded in SEC Form 5 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
RC
transaction
Common Stock
Other
- Transaction value
- $0
- Shares
- -1,764,251
- Change %
- -13%
- Price
- $0.000000
- Shares after
- 11,431,049
- Date
- 08 Jul 2022
- Ownership
- Direct
- Footnotes
- F1, F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
The Reporting Person received a redemption request (the "SRH Redemption Request") from a certain limited partner in respect of certain of its limited partnership interests in the Reporting Person ("SRH Units"). On the date noted in Table I above, the Reporting Person satisfied the SRH Redemption Request by exchanging the SRH Units for an equal number of shares of Common Stock.
Footnote F2
Waterfall Management, LLC, an affiliate of the Issuer's external manager, serves as the general partner of the Reporting Person and may be deemed to be the beneficial owner of the shares of Common Stock of the Issuer that are held by the Reporting Person. However, Waterfall Management, LLC does not have an economic interest in certain of these shares and expects to distribute such shares to the beneficial owners of the Reporting Person upon their request in accordance with the Reporting Person's partnership agreement. Accordingly, Waterfall Management, LLC disclaims beneficial ownership of the shares of common stock held by the Reporting Person except to the extent of its economic interest.
Footnote F3
In addition, each of Thomas Capasse and Jack Ross is a principal or managing director of Waterfall Asset Management, LLC, the Issuer's external manager, and may be deemed to share voting and investment power over the shares of Common Stock of the Issuer held by the Reporting Person.
Footnote F4
Each of such individuals disclaims beneficial ownership of such shares of common stock, except to the extent of his economic interest therein. The inclusion of these shares of Common Stock of the Issuer in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.