Rithm Capital Corp. 4

What Happened Rithm Capital Corp., a reported 10% owner, acquired 105,687 shares of Rithm Property Trust (RPT) on Feb 12, 2026. The shares were recorded at $15.17 each for a reported value of $1,603,272 (transaction code J — "other acquisition or disposition"). This was not an open-market purchase but an issuance of shares as payment for a quarterly management fee.

Key Details

• Transaction date and price: 2026-02-12 — 105,687 shares at $15.17 each; reported total $1,603,272.
• Filing date: Form 4 filed 2026-02-17 (filed after the 2-business-day deadline typically required for Section 16 filers).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes of note:
  • F1: Shares were issued to RCM GA Manager LLC (the Adviser), an affiliate, as payment of the quarterly management fee; the Adviser may elect cash or stock under the management agreement.
  • F2: The shares are owned directly by RCM GA Manager LLC; the reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.
• Remarks: All share numbers reflect a 1-for-6 reverse stock split effective Dec 30, 2025.

Context This transaction reflects an issuer-issued fee payment to an affiliated manager (an institutional 10% owner), not a typical insider buy/sell signal from an executive. Transaction code J denotes "other acquisition/disposition" — here used to report shares issued as fee compensation. The late filing may trigger routine SEC follow-up or require explanation, but the transaction itself is a compensation issuance rather than an investment purchase.