Addas William Dean 4

What Happened

• William Addas (Director) received an award/acquisition of 16,199 shares of Rithm Capital Corp. (RITM) on May 26, 2026. The shares were issued as compensation under the company's Omnibus Incentive Plan and carry a reported acquisition price of $0.00, with an implied value of roughly $150,003 based on the $9.26 closing price on May 22, 2026.
• This was an equity grant (compensation) rather than an open-market purchase or sale; such awards are routine director pay rather than direct signals of buy/sell intent.

Key Details

• Transaction date: 2026-05-26; Form 4 filed: 2026-05-27 (timely filing).
• Transaction type/code: Award/Grant (A); acquisition price reported $0.00.
• Implied value: 16,199 shares × $9.26 (closing price on 2026-05-22) ≈ $150,003.
• Shares owned after transaction: Not specified in the provided excerpt (the Form 4’s Column 5 reportedly corrects a prior overstatement — see note below).
• Notable footnotes:
  • F1: Shares issued as director compensation under the Omnibus Incentive Plan; closing price used for valuation was $9.26 on 5/22/2026.
  • F2: The reporting person’s prior Form 4s (1/7/2026) overstated grants by 18 shares; the current filing corrects the account balance.
• Filing timeliness: Filed the day after the transaction (appears timely under Form 4 rules).

Context

• Director awards are common as part of board compensation and do not necessarily reflect the director's personal decision to buy or sell stock.
• Because this was an issued award (not a purchase), it should be viewed as compensation expense rather than an insider "buy" signal.