REESE J MITCHELL 4

What Happened

• Reese J Mitchell, a director of Ready Capital Corporation (RC), was granted 58,252 restricted stock units (RSUs) on March 5, 2026. The RSUs were reported as acquired at $0 (typical for compensation grants) and represent the right to one share of common stock per RSU at vesting or at a deferred settlement date elected by the recipient. This is a compensation award, not an open‑market purchase or sale.

Key Details

• Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (timely filing).
• Grant size and price: 58,252 RSUs; acquisition price reported as $0.
• Vesting schedule: equal installments of 25% on March 31, June 30, September 30 and December 31, 2026.
• Dividend treatment: unvested RSUs carry dividend equivalent rights payable in cash equal to cash dividends on a share.
• Plan: Award granted under the Ready Capital Corporation 2023 Equity Incentive Plan.
• Ownership after transaction: filing does not list a post‑grant share total; filing notes Mr. Mitchell owns shares through the J. Mitchell Reese Jr. Trust (he is trustee and sole beneficiary, with sole voting and investment power).

Context

• RSUs are deferred equity compensation that convert to shares (or cash) upon vesting; they are not an immediate purchase or sale and do not by themselves indicate a buying or selling signal. Taxes and actual share delivery will generally occur at vesting or deferred settlement.