Claros Mortgage (CMTG) Insider File: Siegel Net-Settles 11,991 RSU Shares

Rhea-AI Filing Summary

Jeffrey D. Siegel, EVP, General Counsel and Secretary of Claros Mortgage Trust, Inc. (CMTG), filed a Form 4 reporting a disposition on 08/25/2025. The filing shows 11,991 shares of common stock were disposed of at a price of $3.46 per share through a net settlement of vested restricted stock units to satisfy tax withholding obligations. After the transaction, the report lists 232,674.774 shares beneficially owned. The reporting person is an officer of the issuer and signed the report on 08/27/2025.

Positive

• Transaction was a net settlement for tax withholding of vested RSUs rather than an open-market trade
• Reporting person retains a sizable beneficial ownership of 232,674.774 shares after the transaction
• Filing discloses officer role and provides an explanation, indicating compliance with Section 16 reporting

Negative

• Disposition of 11,991 shares reduced the reporting person's holdings
• Price of $3.46 per share realized on the net settlement could reflect dilution or recent share price level

Insights

Financial Analyst

TL;DR: Officer reported a tax-driven net settlement of RSUs, disposing of 11,991 shares at $3.46, while retaining substantial ownership.

The Form 4 indicates the transaction was a net settlement of vested restricted stock units to satisfy tax withholding rather than an open-market cash sale. Disposition of 11,991 shares reduces the officer's reported holdings to 232,674.774 shares. For investors, the key takeaways are the context of the transaction (tax withholding) and the remaining insider stake size, which remains material in absolute terms. No additional transactions or derivative activity are reported.

Corporate Governance Expert

TL;DR: This is a routine insider tax-withholding settlement by an officer, disclosed as required under Section 16.

The filing shows compliance with Section 16 reporting obligations and discloses the reporting person’s relationship to the issuer as an officer. The explanation explicitly states the disposition resulted from net settlement of vested RSUs for tax withholding. From a governance perspective, the transparency of the filing meets disclosure norms. There is no indication of trading pursuant to a Rule 10b5-1 plan or other arrangements in the provided text.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Siegel Jeffrey D

(Last) (First) (Middle)

C/O MACK REAL ESTATE CREDIT STRATEGIES

60 COLUMBUS CIRCLE, 20TH FLOOR

(Street)

NEW YORK NY 10023

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Claros Mortgage Trust, Inc. [ CMTG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SEE REMARKS

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/25/2025		F(1)		11,991	D	$3.46	232,674.774	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents net settlement of vested Restricted Stock Units in order to satisfy tax withholding obligations.

Remarks:

EVP, General Counsel and Secretary

	/s/ Jeffrey D. Siegel	08/27/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Jeffrey D. Siegel report on Form 4 for CMTG?

The Form 4 reports a disposition of 11,991 common shares on 08/25/2025 via net settlement of vested RSUs to satisfy tax withholding.

How many shares does the reporting officer own after the transaction?

The filing shows the reporting person beneficially owns 232,674.774 shares following the reported transaction.

At what price were the shares disposed of in the transaction?

The reported price for the disposed shares is $3.46 per share.

Why were the shares disposed of according to the Form 4?

The filing states the disposition represents net settlement of vested Restricted Stock Units to satisfy tax withholding obligations.

What is Jeffrey D. Siegel’s role at Claros Mortgage Trust (CMTG)?

The Form 4 identifies him as EVP, General Counsel and Secretary of Claros Mortgage Trust, Inc.