Ready Capital Corp — Director's Dealing 2021

Feb 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ready Capital Corp (RC)
CIK: 0001527590
Period of Report: 2021-02-12

Reporting Person: Ahlborn Andrew (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-12	Common stock	F	1419	$12.82	Disposed	22033	Direct
2021-02-12	Common stock	A	12379	—	Acquired	34412	Direct

Footnotes

F1: 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 3,566 shares of Common Stock.

F2: Represents the closing price of the Common Stock on February 12, 2021.

F3: On March 11, 2020, the Issuer's Board of Directors declared a quarterly cash dividend of $0.40 per share of Common Stock. On March 20, 2020, the Issuer announced that the dividend will be paid in a combination of cash and Common Stock on April 30, 2020 to common stockholders of record as of the close of business of March 31, 2020. As a result, the Reporting Person received approximately 1,139 shares of Common Stock.

F4: Reflects the withholding of an aggregate of 937 shares of Common Stock 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 prior vesting of Common Stock previously granted and reported on prior Forms 4.

F5: On February 12, 2021, the reporting person was awarded 12,379 shares of restricted Common Stock under the 2012 Ready Capital Corporation Equity Incentive Plan. The shares will vest in equal installments of one-third on February 12, 2022, February 12, 2023 and February 12, 2024. The reporting person will receive dividends on the unvested shares of restricted Common Stock.