Rithm Property Trust Inc. — Director's Dealing 2021

Aug 5, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Great Ajax Corp. (AJX)
CIK: 0001614806
Period of Report: 2021-08-02

Reporting Person: MENDELSOHN LAWRENCE (Director, CHIEF EXECUTIVE OFFICER)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-02	Common Stock, par value $0.01 per share	A	14000	$12.79	Acquired	117434	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.01 per share	423687	Indirect
Common Stock, par value $0.01 per share	16061	Indirect
Common Stock, par value $0.01 per share	67892	Indirect
Common Stock, par value $0.01 per share	73	Indirect
Common Stock, par value $0.01 per share	73	Indirect
Common Stock, par value $0.01 per share	284285	Indirect
Common Stock, par value $0.01 per share	588	Indirect
Common Stock, par value $0.01 per share	2563	Indirect
Common Stock, par value $0.01 per share	293	Indirect
Common Stock, par value $0.01 per share	785871	Indirect
Common Stock, par value $0.01 per share	10897	Indirect
Common Stock, par value $0.01 per share	77627	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 (13823.2)	8000	Indirect

Footnotes

F1: Granted pursuant to the shareholder approved 2016 Equity Incentive Plan, which will vest in four equal installments annually, starting August 1, 2022.

F2: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission that the reporting person is the beneficial owner of all of the reported shares for purposes of Section 16 or for any other purpose.

F3: Includes 284,285 shares held by Gregory Funding LLC, 423,687 shares held by Thetis Asset Management LLC, 272 shares held by Aspen Yo LLC and 77,627 shares held by Great Ajax FS LLC reported herein. Total is net of distributions of 141,273 shares to entities not controlled by Mr. Mendelsohn.

F4: Mr. Mendelsohn and certain members of his family are partners of Mendelsohn Family Limited Partnership.

F5: 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 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.

F6: Calculated based on the conversion rate of 1.7279 shares of the Issuer's common stock per $25.00 principal amount of Notes.