Douglas Durst (LADR) awarded 7,198 Ladder Capital shares and reports large indirect stake

Rhea-AI Filing Summary

Ladder Capital Corp director Douglas Durst reported an award of 7,198 shares of Class A common stock on February 18, 2026. The award is coded as a grant or other acquisition at a reported price of $0.00 per share, increasing his directly held shares to 72,956.

The filing also lists 3,537,349 shares of Class A common stock held indirectly through The Durst Company LLC, which is indirectly held by trusts for the benefit of Mr. Durst and family members. Investment decisions for these shares are made by The Durst Manager LLC, which is indirectly controlled by Mr. Durst, and he disclaims beneficial ownership except to the extent of his pecuniary interest.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Durst Douglas

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	7,198	$0.00	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 72,956 shares (Direct); Class A Common Stock — 3,537,349 shares (Indirect, See footnote)

Footnotes (1)

1. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose. The reported securities are held directly by The Durst Company LLC, which is indirectly held by trusts for the benefit of the Reporting Person and family members of the Reporting Person. Investment decisions with respect to the shares are made by The Durst Manager LLC, which is indirectly controlled by Mr. Durst.

Form 4 Insider Transactions: What Each Field Means →

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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hours per response:			0.5

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^*

Durst Douglas

(Last) (First) (Middle)

C/O LADDER CAPITAL CORP

320 PARK AVE, 15TH FL

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Ladder Capital Corp [ LADR ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

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
Class A Common Stock	02/18/2026		A		7,198	A	$0.00	72,956	D
Class A Common Stock								3,537,349(1)	I	See footnote(2)

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. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.

2. The reported securities are held directly by The Durst Company LLC, which is indirectly held by trusts for the benefit of the Reporting Person and family members of the Reporting Person. Investment decisions with respect to the shares are made by The Durst Manager LLC, which is indirectly controlled by Mr. Durst.

	/s/ Michelle Wallach, as Attorney-in-Fact for Douglas Durst	02/20/2026
	** 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 insider transaction did Ladder Capital (LADR) director Douglas Durst report?

Douglas Durst reported an award of 7,198 Ladder Capital shares. The Form 4 shows a grant of Class A common stock at a reported price of $0.00 per share on February 18, 2026, increasing his directly held shares to 72,956.

How many Ladder Capital (LADR) shares does Douglas Durst hold directly after this Form 4?

Douglas Durst directly holds 72,956 Ladder Capital Class A shares. After the February 18, 2026 grant of 7,198 shares, his direct ownership rose to this reported level, as disclosed in the insider transaction filing.

What indirect Ladder Capital (LADR) holdings related to Douglas Durst are disclosed?

The filing lists 3,537,349 Ladder Capital shares held indirectly. These are held by The Durst Company LLC, which is indirectly owned by trusts benefiting Mr. Durst and family members, with investment decisions made by The Durst Manager LLC.

Does Douglas Durst claim full beneficial ownership of the indirect Ladder Capital (LADR) shares?

No, Douglas Durst disclaims full beneficial ownership of the indirect shares. He states he disclaims beneficial ownership of those shares except to the extent of his pecuniary interest, a standard clarification often used in insider reports involving family trusts or entities.

What does transaction code "A" mean in Douglas Durst’s Ladder Capital (LADR) Form 4?

Transaction code "A" indicates a grant, award, or other acquisition. In this case, it reflects an award of 7,198 Class A common shares to Douglas Durst at a reported price of $0.00 per share on February 18, 2026.

Who controls investment decisions for the indirect Ladder Capital (LADR) shares tied to Douglas Durst?

Investment decisions are made by The Durst Manager LLC. The reported securities are held by The Durst Company LLC, and The Durst Manager LLC, which is indirectly controlled by Mr. Durst, makes the investment decisions for those shares.