Ahlborn Andrew 4

What Happened

• Andrew Ahlborn, Chief Financial Officer of Ready Capital Corp (RC), reported a series of small open‑market and reinvestment purchases between Apr 29, 2025 and May 29, 2026, plus a few small same‑day dispositions. The largest single entry was on 2026-05-29 when he acquired 2,798.78 shares at $1.82 ($5,094) and on the same day disposed of 2,798 shares at $1.81 ($5,064) and 0.78 shares at $1.82 ($1). Other purchases occurred in 2025 and early 2026 (examples: 287.97 sh @ $4.09 = $1,178 on 2025-04-29; 454.32 sh @ $2.91 = $1,322 on 2025-10-30; several small reinvestment/IRA buys in Jan–Apr 2026).
• Overall this filing shows routine small purchases (bullish signal in isolation) but the large May 29 activity largely offset by near‑equal sales that day; the filing also states profit from the April 29 and May 29, 2026 transactions was disgorged to the issuer.

Key Details

• Transaction dates & notable prices/amounts:
  • 2025-04-29: 287.97 sh @ $4.09 ($1,178) and 70.08 sh @ $4.49 ($315) — purchases (P).
  • 2025-07-30: 304.04 sh @ $4.10 ($1,247) and 73 sh @ $4.43 ($323) — purchases.
  • 2025-10-30: 454.32 sh @ $2.91 ($1,322) and 110.82 sh @ $3.00 ($332) — purchases.
  • 2026-01-29: 51.53 sh @ $2.14 ($110) and 12.52 sh @ $2.21 ($28) — small acquisitions (marked L).
  • 2026-04-29: 59.19 sh @ $1.88 ($111) and 15.36 sh @ $1.81 ($28) — small acquisitions (marked L).
  • 2026-05-29: 2,798.78 sh @ $1.82 ($5,094) acquired; 2,798 sh @ $1.81 ($5,064) and 0.78 sh @ $1.82 ($1) disposed.
• Shares owned after the transactions: Not specified in the filing.
• Footnotes of note:
  • F1: Some transactions reflect dividend reinvestment elections.
  • F2: Some transactions relate to shares held in the reporting person's IRA for tax planning.
  • F3: The reporting person has disgorged to the issuer the profit realized from the transactions executed on April 29, 2026 and May 29, 2026.
• Timeliness: Two small acquisitions are marked with “L” (transactionTimeliness = 'L'), indicating late reporting for those trades. The Form 4 was filed 2026-06-02.

Context

• These are routine insider purchases and small dispositions by the CFO; dividend reinvestment and IRA transactions are common and often not a directional endorsement. The May 29 buys and sells largely offset each other and the filing states the profit from Apr 29 and May 29 trades was returned to the company (disgorged), which reduces the economic significance of any realized gain.
• For retail investors: purchases by a CFO can be informative, but here amounts are modest and complicated by reinvestment/IRA mechanics, same‑day offsetting trades, late reporting flags, and disgorgement — all of which temper any strong inference about insider sentiment.