Form 4 for RC Ready Capital Corp
Accepted 2025-02-25 00:00:00 ET · period of report 2025-02-22 · accession 0001104659-25-016998 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2025-02-25 | 2025-02-22 | RC | Zausmer Adam | Chief Credit Off | F - Tax | $6.72 | -15.9K | 280.4K | -5% | -$107.1K |
| D | 2025-02-25 | 2025-02-22 | RC | Zausmer Adam | Chief Credit Off | M - OptEx | $0.00 | +19.9K | 300.3K | +7% | $0 |
| D | 2025-02-25 | 2025-02-22 | RC | Zausmer Adam | Chief Credit Off | A - Grant | $0.00 | +89.3K | 287.2K | +45% | $0 |
| D | 2025-02-25 | 2025-02-22 | RC | Zausmer Adam | Chief Credit Off | M - OptEx | $0.00 | -19.9K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-02-22 | F | D | 9,162 | $6.72 | 291,105 | D | — | — | (F5) Consists of shares of Common Stock withheld by the Issuer, with approval of the Issuer's Board of Directors, in order to satisfy the tax withholding obligation of the reporting person in connection with the vesting of PSUs as described in footnote (4) hereof. (F3) Represents the closing price of the Common Stock on February 21, 2025. |
| 2 | Common | Common Stock | 2025-02-22 | M | A | 19,894 | $0.00 | 300,267 | D | — | — | (F4) Reflects performance stock units ("PSUs") earned on February 22, 2025, under the Ready Capital Corporation 2013 Equity Incentive Plan, which represent the right to receive one share of Common Stock of the Issuer for each PSU at vesting. All of the PSUs earned converted to fully-vested shares of Common Stock on February 22, 2025. |
| 3 | Common | Common Stock | 2025-02-22 | F | D | 6,778 | $6.72 | 280,373 | D | — | — | (F2) Consists of shares of Common Stock withheld by the Issuer, with approval of the Issuer's Board of Directors, in order to satisfy the tax withholding obligation of the reporting person in connection with the vesting of shares of Common Stock granted on February 22, 2024. (F3) Represents the closing price of the Common Stock on February 21, 2025. |
| 4 | Common | Common Stock | 2025-02-22 | A | A | 89,286 | $0.00 | 287,151 | D | — | — | (F1) On February 22, 2025, the reporting person was awarded 89,286 shares of restricted Common Stock under the Ready Capital Corporation 2023 Equity Incentive Plan. The shares will vest in equal installments of one-third on February 22, 2026, February 22, 2027 and February 22, 2028. |
| 5 | Derivative | Performance Stock Units | 2025-02-22 | M | D | 19,894 | $0.00 | 0 | D | — · — to — | 19,894 Common Stock | (F4) Reflects performance stock units ("PSUs") earned on February 22, 2025, under the Ready Capital Corporation 2013 Equity Incentive Plan, which represent the right to receive one share of Common Stock of the Issuer for each PSU at vesting. All of the PSUs earned converted to fully-vested shares of Common Stock on February 22, 2025. |