Zeiden David 4

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.