Zeiden David 4

What Happened

• David Zeiden, Chief Legal Officer of Rithm Capital Corp. (RITM), received a grant of 30,718 Class B Profits Units in Rithm Capital Management LLC on February 20, 2026. The award is reported as a derivative award (transaction code A) with an acquisition price of $0.00 (total $0) — i.e., a compensation grant, not an open-market purchase.

Key Details

• Transaction date: February 20, 2026; Form 4 filed March 9, 2026 (filed 17 days after the transaction, which appears to be late under the usual 2-business-day Form 4 deadline).
• Units granted: 30,718 Class B Profits Units (exchangeable one-for-one into Rithm common shares subject to conditions).
• Price/Value reported: $0.00 per unit (derivative award); no cash paid.
• Vesting: grants vest in three equal annual installments on Feb 20 of 2027, 2028 and 2029, subject to continued employment (per footnote).
• Conversion conditions: units are exchangeable into common stock on a one-for-one basis only after vesting and when a sufficient amount of profits has been allocated to the holder (per footnote).
• Shares owned after transaction: not specified in the filing.

Context

• This is a compensation/long-term incentive award (profits interest) rather than an immediate purchase of shares. The units will only convert into common stock after vesting and satisfying the profits-allocation condition, so they do not represent immediately tradeable shares.
• Such awards are routine for executive compensation and should be viewed as a grant subject to future vesting and performance/allocation conditions rather than an immediate insider buy or sell.