[Form 4] Claros Mortgage Trust, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Claros Mortgage Trust, Inc. reported an insider-related transaction involving director Walter W. Edward. An entity associated with him, WillJen2 LLC, made an open-market purchase of 25,000 shares of common stock at a weighted average price of $2.2758 per share, with individual trades ranging from $2.255 to $2.28. Following this purchase, WillJen2 LLC held 32,000 shares indirectly. Another affiliated entity, WillJen LLC, held 6,760 shares indirectly, while Mr. Walter also held 32,715 shares directly. The filing notes that a prior Form 4 contained a scrivener’s error that misattributed 7,000 shares between WillJen and WillJen2, and the corrected holdings are now reflected.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 25,000 shares ($56,895)
Net Buy
3 txns
Insider
WALTER W EDWARD
Role
Director
Bought
25,000 shs ($57K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | COMMON STOCK | 25,000 | $2.2758 | $57K |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 32,000 shares (Indirect, By LLC 2);
COMMON STOCK — 32,715 shares (Direct)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.255 to $2.28 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote. Represents shares of common stock held by WillJen2 LLC ("WillJen2"). Mr. Walter is the managing member of WillJen2 and thus is deemed to beneficially own the shares held by WillJen2. Mr. Walter disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein. Due to a scrivener's error on the Reporting Person's Form 4 filed on May 29, 2024, 7,000 shares of common stock was inadvertently reported as acquired by WillJen LLC ("WillJen") rather than by WillJen2. The corrected number of shares beneficially owned by each of WillJen and WillJen2 are correctly reflected in this Form 4. Represents shares of common stock held by WillJen LLC. Mr. Walter is the managing member of WillJen and thus is deemed to beneficially own the shares held by WillJen. Mr. Walter disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.
FAQ
What insider transaction did Claros Mortgage Trust (CMTG) report in this Form 4?
Claros Mortgage Trust reported an open-market purchase of 25,000 common shares by WillJen2 LLC, an entity associated with director Walter W. Edward, at a weighted average price of $2.2758 per share, with trades between $2.255 and $2.28.
What scrivener’s error did Claros Mortgage Trust (CMTG) correct in this Form 4?
A prior Form 4 filed May 29, 2024 mistakenly reported 7,000 shares as acquired by WillJen LLC instead of WillJen2 LLC. This new Form 4 states that the corrected share counts for WillJen and WillJen2 are now accurately reflected in the reported holdings.