FISHMAN ALAN H 4

What Happened
Alan H. Fishman, a director of Ladder Capital Corp (LADR), was reported as acquiring 7,198 shares on February 18, 2026. The transaction is coded as an award/other acquisition (Form 4 code A) at $0.00 per share, resulting in a reported transaction value of $0. This is a non-market acquisition/transfer rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-18; Form 4 filed with the SEC on 2026-02-20 (reporting period 02/18/2026).
• Transaction type/code: Grant/Award/Other Acquisition (A).
• Shares acquired: 7,198; price per share: $0.00; reported value: $0.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: "The reported securities were inherited by the spouse of the Reporting Person."
• Timeliness: Filing date is two days after the transaction date; no late-filing flag was provided in the supplied data.

Context
Because the shares were recorded at $0 and the footnote indicates a spousal inheritance, this appears to be a transfer related to estate/spousal ownership rather than a purchase expressing insider sentiment. Gifts or inherited transfers generally do not signal bullish or bearish views — watch for future open-market buys or sales for clearer insider signals.