Sinai Todd M. 4

What Happened Todd M. Sinai, a director of Ready Capital Corporation (RC), was granted 58,252 Restricted Stock Units (RSUs) on March 5, 2026. The grant is reported as an award (code A) with an acquisition price of $0.00 — this is a compensation award, not an open‑market purchase. Each RSU represents the right to receive one share of Ready Capital common stock at vesting (or at a deferred settlement date if elected).

Key Details

• Transaction date: 2026-03-05; filing date (Form 4): 2026-03-09.
• Award size: 58,252 RSUs; reported price: $0.00 (award/grant).
• Vesting: RSUs vest in four equal installments — 25% on each of Mar 31, 2026; Jun 30, 2026; Sep 30, 2026; and Dec 31, 2026.
• Dividend treatment: holder will receive cash dividend equivalents on unvested RSUs equal to cash dividends paid on one share.
• Shares owned after the transaction: not specified in the filing.
• Transaction code: A (award/grant). The filing does not indicate any late-reporting designation.

Context RSUs are a form of equity compensation that convert to shares (or cash) upon vesting; this grant increases Sinai’s potential future stake in Ready Capital but does not represent an immediate cash purchase or sale. Dividend equivalents provide cash tied to dividends while RSUs remain unvested.