Ready Capital Corp — Director's Dealing 2023

Feb 15, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ready Capital Corp (RC)
CIK: 0001527590
Period of Report: 2023-02-12

Reporting Person: Ahlborn Andrew (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-12	Common stock	A	30817	—	Acquired	82247	Direct
2023-02-12	Common stock	F	5080	$12.98	Disposed	77167	Direct
2023-02-13	Common stock	F	1200	$13.25	Disposed	75967	Direct

Footnotes

F1: On February 12, 2023, the reporting person was awarded 30,817 Restricted Stock Units ("RSUs") under the 2013 Ready Capital Corporation Equity Incentive Plan, which represent the right to receive one share of Common Stock of the Issuer for each RSU at vesting. Pursuant to the terms of the award agreement, the RSUs will vest in equal installments of one-third on February 12, 2024, February 12, 2025 and February 12, 2026. The reporting person will receive dividend equivalent rights on unvested RSUs from the grant date payable in cash in an amount equal to the cash dividend distributions paid on a share of Common Stock of the Issuer.

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.

F3: Represents the closing price of the Common Stock on February 10, 2023.

F4: Represents the closing price of the Common Stock on February 13, 2023.