Buttacavoli Thomas 4
4 · Ready Capital Corp · Filed Nov 10, 2021
Insider Transaction Report
Form 4
Buttacavoli Thomas
Chief Investment Officer
Transactions
- Award
Common Stock
2021-11-08+7,302→ 30,771 total(indirect: By Waterfall)
Holdings
- 113,361
Common Stock
Footnotes (2)
- [F1]On November 8, 2021, the board of the directors of the Issuer approved the issuance of 84,758 shares of Common Stock to Waterfall Asset Management, LLC, its external manager (the "Manager"), as payment of 50% of the incentive distribution payable to the Manager pursuant to the management agreement between the Issuer and the Manager. The 7,302 shares of Common Stock reported on this Form 4 represent the Reporting Person's pro rata ownership of the 84,758 shares based on the Reporting Person's percentage ownership in the Manager.
- [F2]These shares represent the 30,771 shares of Common Stock of the Issuer out of the 341,428 and 8,869 total shares of Common Stock held by the Manager and Waterfall Management, LLC ("WM" and together with the Manager, "Waterfall"), respectively, based on the Reporting Person's percentage ownership in Waterfall. The Reporting Person disclaims beneficial ownership of the shares held by Waterfall, except to the extent of his economic interest therein.