Mack Richard 4

What Happened
Mack Richard, CEO and Chairman of Claros Mortgage Trust, net-settled 162,018 vested Restricted Stock Units (RSUs) on 2026-05-21 by surrendering those shares to satisfy tax withholding obligations. The shares were valued at $2.25 each, for a total disposition of $364,541. This was a tax-withholding disposition (not an open-market sale or purchase).

Key Details

• Transaction date: 2026-05-21
• Price per share: $2.25; Shares disposed: 162,018; Total value: $364,541
• Transaction code: F (tax withholding / net settlement of RSUs) — footnote F1: "Represents net settlement of vested Restricted Stock Units in order to satisfy tax withholding obligations."
• Filing date: 2026-05-26 — filed five days after the transaction; this appears later than the SEC’s typical two-business-day reporting window.
• Shares owned after the transaction: Not specified in the provided filing excerpt.

Context
Net settlement to cover taxes is a routine administrative action when RSUs vest: the company withholds or surrenders shares to cover required tax withholding rather than the insider selling shares on the open market. Such transactions generally reflect tax obligations, not necessarily a personal decision to take profits or a signal about company prospects.