Zeiden David 4
4 · Rithm Capital Corp. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Rithm Capital (RITM) CLO David Zeiden Sells 9,217 Shares
What Happened
David Zeiden, Chief Legal Officer of Rithm Capital (RITM), converted/ exercised 9,217 derivative units into common shares and sold those 9,217 shares in the open market on February 27, 2026. The sale was at a weighted average price of $10.11 per share, generating approximately $93,156. The conversion/exercise entries are reported as derivative transactions (code M) and the sale is reported as a sale (code S).
Key Details
- Transaction date: February 27, 2026.
- Conversion/exercise: 9,217 shares acquired via conversion/exercise at $0.00 (derivative).
- Open-market sale: 9,217 shares sold at a weighted average price of $10.11; total proceeds ≈ $93,156. Prices in the sale ranged from $10.03–$10.35 (weighted average reported).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes: Sale executed pursuant to a Rule 10b5-1 trading plan adopted Nov 26, 2025 (F1). Sale price is a weighted average across multiple trades (F2). The derivative conversion relates to Class B Profits Units of Rithm Capital Management LLC that are exchangeable one-for-one into common stock; those units were part of an award that vested in installments including Jan 1, 2026 (F3, F4).
- Filing timeliness: Report filed March 3, 2026 for a Feb 27, 2026 transaction — filed within the required Form 4 window.
Context
This was a same-day conversion of vested profits units into common stock followed by an immediately executed sale under a pre-established 10b5-1 plan (effectively a planned disposition). Derivative code M indicates an exercise/conversion; because the converted shares were sold the same day, the net economic action to the market was a sale rather than a new long-term purchase. This filing is factual disclosure of insider activity and does not, by itself, indicate the insider’s future view of the company.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-02-27+9,217→ 9,217 total - Sale
Common Stock
[F1][F2]2026-02-27$10.11/sh−9,217$93,156→ 0 total - Exercise/Conversion
Class B Profits Units of Rithm Capital Management LLC
[F3][F4]2026-02-27−9,217→ 11,808 total→ Common Stock (9,217 underlying)
Footnotes (4)
- [F1]Represents sales effected pursuant to a Rule 10b5-1 trading plan adopted by the filing person on November 26, 2025.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions in prices ranging from $10.0300-$10.3500 inclusive. The filing person undertakes to provide to Rithm Capital Corp., any security holder of Rithm Capital Corp. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.
- [F3]Class B Profits Units of Rithm Capital Management LLC ("RCM") will be exchangeable into shares of Common Stock of the Issuer on a one-for-one basis pursuant to the terms and conditions set forth in the Rithm Capital Management LLC Long Term Incentive Plan and the individual award agreement.
- [F4]Reflects a profits interest award in the form of Class B Profits Units in RCM granted to the Reporting Person on May 1, 2024, which vested in two equal installments on January 1 of each of 2025 and 2026.