Rithm Property Trust Inc. — Director's Dealing 2021

Nov 8, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Great Ajax Corp. (AJX)
CIK: 0001614806
Period of Report: 2021-11-08

Reporting Person: Friedman Paul M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-08	Common Stock, par value $0.01 per share	A	716	$13.96	Acquired	27554	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
7.25% Convertible Notes due 2024	$14.47	2024-04-30	Common Stock, par value $0.01 per share (1382.32)	800	Indirect

Footnotes

F1: Payment of director fees for third quarter ended September 30, 2021. Price per share is the average closing price per share for the first five days preceding the dividend record date of August 16, 2021.

F2: The conversion rate of the 7.25% convertible notes due 2024 (the "Notes") equals 1.7279 shares of the Issuer's common stock per $25.00 principal amount of the Notes (equivalent to a conversion price of approximately $14.47 per share of the Issuer's common stock). The conversion rate, and thus the conversion price, will be subject to adjustment in accordance with the terms of the Notes.

F3: Calculated based on the conversion rate of 1.7279 shares of the Issuer's common stock per $25.00 principal amount of Notes.