Harris Brian 4

What Happened
Brian Harris, CEO of Ladder Capital Corp (LADR), disposed of 333,278 shares on 2026-02-20 at $10.41 per share, for a total value of $3,469,424. The Form 4 lists the transaction code F, indicating the shares were surrendered or sold to satisfy an exercise price or tax withholding obligation related to equity awards rather than a voluntary open‑market sale.

Key Details

• Transaction date: 2026-02-20; filing date: 2026-02-23 (timely filing).
• Price: $10.41 per share; Shares disposed: 333,278; Total value: $3,469,424.
• Shares owned after transaction: not stated in the filing.
• Footnote: The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest (footnote F1).
• Transaction code F indicates payment of exercise price or tax liability (withholding/surrender of shares).

Context
This was a tax‑related disposition tied to equity compensation (a common, routine event) rather than a directional investment decision. For derivative transactions like this, companies often withhold or sell shares to cover taxes or exercise costs; such activity is not a direct bullish signal.