Ready Capital (NYSE: RC) grants CFO large stock and PSU awards

Rhea-AI Filing Summary

Ahlborn Andrew reported acquisition or exercise transactions in this Form 4 filing.

Ready Capital Corp reported new equity awards for its Chief Financial Officer, Andrew Ahlborn. On March 2, 2026, he received a special time-based retention grant of 600,000 shares of restricted Common Stock, scheduled to vest on December 31, 2028, subject to continued employment with certain exceptions.

On the same date, he was also granted a special performance-based retention award of 1,800,000 performance stock units (PSUs), which may vest in up to ten approximately equal parts if specified 30-day volume weighted average price milestones are met and he remains employed. These PSUs will be settled in shares of Common Stock if stockholders approve a Plan Amendment at the 2026 annual meeting to increase the equity pool, or otherwise will be settled in cash.

On March 5, 2026, he received an additional 291,262 shares of restricted Common Stock under the 2023 Equity Incentive Plan, vesting in three equal annual installments on March 5, 2027, 2028, and 2029, also conditioned on continued employment.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Ahlborn Andrew

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	291,262	$0.00	--
Grant/Award	Performance Stock Units	1,800,000	$0.00	--
Grant/Award	Common Stock	600,000	$0.00	--

Holdings After Transaction: Common Stock — 1,202,070 shares (Direct); Performance Stock Units — 1,800,000 shares (Direct)

Footnotes (1)

1. On March 2, 2026, the reporting person was awarded a special time-based retention award of 600,000 shares of restricted Common Stock under the Plan. The shares will vest on December 31, 2028, conditioned upon the reporting person's continued employment (with certain exceptions). On March 5, 2026, the reporting person was awarded 291,262 shares of restricted Common Stock under the Ready Capital Corporation 2023 Equity Incentive Plan (the "Plan"). The shares will vest in equal installments of one-third on March 5, 2027, March 5, 2028 and March 5, 2029, conditioned upon the reporting person's continued employment (with certain exceptions). Each performance stock unit represents a contingent right to receive one share of Common Stock (or an equivalent cash payment, as further described in footnote (4) below). On March 2, 2026, the reporting person was awarded a special performance-based retention award of 1,800,000 performance-based restricted stock units ("PSUs") under the Plan. The PSUs may vest in up to ten, approximately equal parts, provided that the 30-day volume weighted average price of the Common Stock equals or exceeds ten, approximately equally spaced milestones between specified points, and further conditioned upon the reporting person's continued employment (with certain exceptions). The PSUs (i) will be settled in shares of Common Stock if the stockholders of the Company approve at the 2026 annual meeting of stockholders ("2026 Annual Meeting") an amendment to the Plan to increase the pool of shares available for grant thereunder (the "Plan Amendment"), or (ii) if the Plan Amendment is not approved by the Company's stockholders at the 2026 Annual Meeting, then the PSUs will be settled in cash based upon the value per share of Common Stock on the applicable vesting date.

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^*

Ahlborn Andrew

(Last) (First) (Middle)

C/O READY CAPITAL CORPORATION,

1251 AVENUE OF THE AMERICAS, 50TH FLOOR

(Street)

NEW YORK NY 10020

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Ready Capital Corp [ RC ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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
Common Stock	03/02/2026		A		600,000(1)	A	$0	910,808	D
Common Stock	03/05/2026		A		291,262(2)	A	$0	1,202,070	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
Performance Stock Units	(3)	03/02/2026		A		1,800,000		(4)	(4)	Common Stock	1,800,000	$0	1,800,000	D

Explanation of Responses:

1. On March 2, 2026, the reporting person was awarded a special time-based retention award of 600,000 shares of restricted Common Stock under the Plan. The shares will vest on December 31, 2028, conditioned upon the reporting person's continued employment (with certain exceptions).

2. On March 5, 2026, the reporting person was awarded 291,262 shares of restricted Common Stock under the Ready Capital Corporation 2023 Equity Incentive Plan (the "Plan"). The shares will vest in equal installments of one-third on March 5, 2027, March 5, 2028 and March 5, 2029, conditioned upon the reporting person's continued employment (with certain exceptions).

3. Each performance stock unit represents a contingent right to receive one share of Common Stock (or an equivalent cash payment, as further described in footnote (4) below).

4. On March 2, 2026, the reporting person was awarded a special performance-based retention award of 1,800,000 performance-based restricted stock units ("PSUs") under the Plan. The PSUs may vest in up to ten, approximately equal parts, provided that the 30-day volume weighted average price of the Common Stock equals or exceeds ten, approximately equally spaced milestones between specified points, and further conditioned upon the reporting person's continued employment (with certain exceptions). The PSUs (i) will be settled in shares of Common Stock if the stockholders of the Company approve at the 2026 annual meeting of stockholders ("2026 Annual Meeting") an amendment to the Plan to increase the pool of shares available for grant thereunder (the "Plan Amendment"), or (ii) if the Plan Amendment is not approved by the Company's stockholders at the 2026 Annual Meeting, then the PSUs will be settled in cash based upon the value per share of Common Stock on the applicable vesting date.

Remarks:

	/s/ Misbah Mohiuddin, Attorney-in-Fact	03/09/2026
	** 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.
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FAQ

What insider transactions did Ready Capital (RC) report for its CFO?

Ready Capital reported equity awards to its CFO, not open-market trades. He received restricted Common Stock and performance stock units as retention and performance-based incentives, all granted at no cost and subject to vesting conditions and continued employment.

How many Ready Capital (RC) shares were granted to the CFO as restricted stock?

The CFO received two restricted stock grants: 600,000 shares as a special time-based retention award and 291,262 shares under the 2023 Equity Incentive Plan. These awards vest over time and require continued employment, with certain limited exceptions described in the award terms.

What are the terms of the 1,800,000 performance stock units granted by Ready Capital (RC)?

The CFO was granted 1,800,000 performance stock units that may vest in up to ten approximately equal parts. Vesting depends on the stock’s 30-day volume weighted average price reaching specified milestones and on his continued employment, aligning incentives with multi-level share price performance.

How will the Ready Capital (RC) performance stock units be settled for the CFO?

Each performance stock unit represents a right to one share or equivalent cash. Settlement in shares of Common Stock requires stockholder approval of a Plan Amendment at the 2026 annual meeting; without approval, vested PSUs will be settled in cash based on share value at vesting.

Over what period do the new Ready Capital (RC) restricted stock awards vest?

The 600,000-share retention award vests on December 31, 2028, if employment continues. The 291,262-share grant vests in three equal installments on March 5, 2027, March 5, 2028, and March 5, 2029, also contingent on the CFO’s continued employment with specified exceptions.

Did the Ready Capital (RC) CFO buy or sell shares in the market in this Form 4?

No market purchases or sales were reported. All transactions reflect equity compensation awards—restricted Common Stock and performance stock units—granted at zero cost per unit, subject to vesting conditions and, for PSUs, additional performance and stockholder approval requirements.