Ready Capital Corp — Director's Dealing 2025

Feb 5, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ready Capital Corp (RC)
CIK: 0001527590
Period of Report: 2025-02-03

Reporting Person: Zausmer Adam (Chief Credit Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-03	Common Stock	M	148368	—	Acquired	253587	Direct
2025-02-03	Common Stock	F	46935	$6.58	Disposed	206652	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-02-03	Performance Stock Units	$	M	148368	Disposed		Common Stock (148368)	Direct

Footnotes

F1: Reflects performance stock units ("PSUs") earned on February 3, 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. Two-thirds of the PSUs earned converted to fully-vested shares of Common Stock on February 3, 2025, and the remaining one-third of the PSUs earned converted to restricted shares of Common Stock on February 3, 2025, which will vest on December 31, 2025, subject to the reporting person's continued service with the Issuer on such date, subject to certain exceptions.

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 3, 2025.