McGillis Mike 4

What Happened

• Mike McGillis, President and Chief Financial Officer and a director of Claros Mortgage Trust (CMTG), had 46,170 shares disposed on May 21, 2026 as a net settlement to satisfy tax withholding. The shares were valued at $2.25 each for a total of $103,883.
• This was not an open-market sale for cash proceeds to a third party but a tax-withholding/net settlement of vested restricted stock units (RSUs), reported on a Form 4 filed May 26, 2026.

Key Details

• Transaction date: May 21, 2026; Report filed: May 26, 2026 (appears to be filed after the typical two-business-day Form 4 deadline).
• Amount disposed: 46,170 shares at $2.25 per share; total value $103,883.
• Transaction code: F — net settlement of vested RSUs to satisfy tax withholding (per footnote F1).
• Shares owned after the transaction: not disclosed in the provided filing excerpt.

Context

• Net settlements to cover taxes are routine for officers receiving equity compensation and do not necessarily signal a view on the company’s prospects. This was a withholding event (common with RSU vesting), not an open-market directional sale or purchase.