RC 13D/A: Open‑market buys include $2.97 day highs

Rhea-AI Filing Summary

Howard Amster and affiliated entitiesReady Capital Corp (RC), reporting beneficial ownership of 14,242,965 shares, or 8.8% of the common stock. The percentage is based on 162,126,276 shares outstanding as of November 6, 2025. Amster reports 13,227,973 shares with sole voting and dispositive power and 1,014,992 shares with shared voting and dispositive power.

The filing lists recent open‑market purchases over the past 60 days across multiple affiliated entities. Notable trades include 611,526 shares at $2.89 on 11/07/25 (2019 CRUT #1), 342,000 shares at $2.89 on 11/07/25 (Howard Amster), 170,000 shares at $2.89 on 10/31/25, and 150,000 shares at $3.05 on 10/30/25. Earlier buys included 387,450 shares at $4.34 on 09/16/25 and 128,000 shares at $4.29 on 09/17/25. All transactions were conducted on the open market, with per‑day prices shown as weighted averages.

Insights

Securities ownership analyst

Large holder updates 8.8% RC stake with open‑market buys.

Howard Amster and related entities report 8.8% beneficial ownership of Ready Capital based on 14,242,965 shares, anchored to Nov 6, 2025 outstanding shares. Control detail shows 13,227,973 under sole voting/dispositive power and 1,014,992 shared, clarifying how influence is allocated across entities and trusts.

Item 5 lists numerous open‑market purchases across Sep–Nov 2025, with weighted‑average prices ranging roughly from $2.89 to $4.36. Examples include 611,526 shares at $2.89 on 11/07/25 (2019 CRUT #1) and 342,000 shares at $2.89 the same day (Amster). These entries document recent accumulation activity by the reporting group.

This update is informational; cash proceeds relate to market counterparties rather than the issuer. Future ownership levels will depend on subsequent transactions disclosed in later beneficial ownership filings.

11/10/2025 - 03:05 PM

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

Ready Capital Corp

(Name of Issuer)

COMMON STOCK PAR VALUE $0.0001 PER SHARE

(Title of Class of Securities)

75574U101

(CUSIP Number)

HOWARD AMSTER
521 35TH ST,
WEST PALM BEACH, FL, 33407
2165951047

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

11/07/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 75574U101

1

Name of reporting person

Amster Howard

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 13,227,973.00
8	Shared Voting Power 1,014,992.00
9	Sole Dispositive Power 13,227,973.00
10	Shared Dispositive Power 1,014,992.00

11

Aggregate amount beneficially owned by each reporting person

14,242,965.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

8.8 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

*Mr. Amster is deemed to be the beneficial owner of (i) 3,879,550 shares that are owned directly by Mr. Amster; (ii) 3,756,378 shares that are owned in the aggregate by Pleasant Lake Apartments Corp., Pleasant Lake Apartments Limited Partnership, and Laughlin Holdings, LLC, all joint filers, over which Mr. Amster has sole voting and dispositive power; (iii) 4,553,318 shares that are owned in the aggregate by the trusts jointly filing herewith, over which, as sole trustee, Mr. Amster has sole voting and dispositive power; (iv) the 569,845 shares that are owned by the Howard Amster Foundation over which, Mr. Amster, as President, has sole voting and dispositive power; (v) 468,882 shares that are owned by Amster Limited Partnership, which Mr. Amster, as sole General Partner, has sole voting and dispositive power; (vi) 323,040 shares that are owned by Ramat Securities, Ltd., which Mr. Amster, as authorized representative and majority member, has sole voting and dipositive power; (vii) 19,055 shares that are owned by NewAx Inc., which Mr. Amster, as a member of the Board of Directors and majority shareholder, has shared voting and dispositive power; (viii) 497,613 shares owned by Pleasant Lake Skoien Investments LLC, which Mr. Amster, as President of Pleasant Lake Apartments Corp., the General Partner of Pleasant Lake Apartments LP, the Managing Member of Pleasant Lake Apartments LLC which is the Managing Member of Pleasant Lake Skoien Investments LLC, has shared voting and dispositive power and (ix) 175,2884 shares owned by Horizon Group Properties Inc., which Mr. Amster, as the majority owner has shared voting and dispositive power. **Denominator is based on the 162,126,276 shares of common stock outstanding as of November 6, 2025 as reported by the Issuer on Form 10-Q for the period ending September 30, 2025, as filed with the Securities and Exchange Commission on November 7, 2025.

SCHEDULE 13D

CUSIP No. 75574U101

1

Name of reporting person

PLEASANT LAKE APARTMENTS LIMITED PARTNERSHIP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

OHIO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 2,597,466.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,597,466.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,597,466.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

1.6 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

* See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster.

SCHEDULE 13D

CUSIP No. 75574U101

1

Name of reporting person

HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #1 U/A DTD 05/20/2019

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

OHIO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 2,512,951.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,512,951.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,512,951.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

1.7 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

* See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster.

SCHEDULE 13D

CUSIP No. 75574U101

1

Name of reporting person

HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #2 U/A DTD 05/20/2019

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

OHIO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 497,449.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 497,449.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

497,449.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.3 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

* See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster.

SCHEDULE 13D

CUSIP No. 75574U101

1

Name of reporting person

HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #3 U/A DTD 05/20/2019

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

OHIO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 260,525.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 260,525.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

260,525.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.2 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

* See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster.

SCHEDULE 13D

CUSIP No. 75574U101

1

Name of reporting person

HOWARD AMSTER 2019 CHARITABLE REMAINER UNITURST #4 U/A 05/20/2019

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

OHIO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 211,937.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 211,937.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

211,937.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.1 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

* See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster.

SCHEDULE 13D

CUSIP No. 75574U101

1

Name of reporting person

AMSTER LIMITED PARTNERSHIP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

OHIO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 468,882.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 468,882.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

468,882.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.3 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

* See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster.

SCHEDULE 13D

CUSIP No. 75574U101

1

Name of reporting person

HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #7 U/A DTD 05/20/2019

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

OHIO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 4,307.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 4,307.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

4,307.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

* See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster.

SCHEDULE 13D

CUSIP No. 75574U101

1

Name of reporting person

LAUGHLIN HOLDINGS LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,115,981.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 1,115,981.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

1,115,981.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.7 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

* See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster.

SCHEDULE 13D

CUSIP No. 75574U101

1

Name of reporting person

RAMAT SECURITIES LTD

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

OHIO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 323,040.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 323,040.00

11

Aggregate amount beneficially owned by each reporting person

323,040.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.2 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

* See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster.

SCHEDULE 13D

CUSIP No. 75574U101

1

Name of reporting person

HOWARD AMSTER 2021 CHARITABLE REMAINDER UNITRUST #3 U/A DTD 11/23/2021

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

OHIO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 562,008.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 562,008.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

562,008.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.4 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

* See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster.

SCHEDULE 13D

CUSIP No. 75574U101

1

Name of reporting person

PLEASANT LAKE APARTMENTS CORP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

OHIO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 2,931.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,931.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,931.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

* See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster.

SCHEDULE 13D

CUSIP No. 75574U101

1

Name of reporting person

HOWARD AMSTER 2022 CHARITABLE REMAINDER UNITRUST #1 U/A DTD 03/09/2022

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 102,767.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 102,767.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

102,767.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.1 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

* See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster.

SCHEDULE 13D

CUSIP No. 75574U101

1

Name of reporting person

HOWARD AMSTER FOUNDATION

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

OHIO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 590,487.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 590,487.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

590,487.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

* See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster.

SCHEDULE 13D

CUSIP No. 75574U101

1

Name of reporting person

NEWAX INC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 19,055.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 19,055.00

11

Aggregate amount beneficially owned by each reporting person

19,055.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

* See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster.

SCHEDULE 13D

CUSIP No. 75574U101

1

Name of reporting person

PLEASANT LAKE SKOIEN INVESTMENTS LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 497,613.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 497,613.00

11

Aggregate amount beneficially owned by each reporting person

497,613.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.3 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

* See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster.

SCHEDULE 13D

CUSIP No. 75574U101

1

Name of reporting person

HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #5 U/A DTD 05/20/2019

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

OHIO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 41,130.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 41,130.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

41,130.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

* See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster.

SCHEDULE 13D

CUSIP No. 75574U101

1

Name of reporting person

HOWARD AMSTER 2021 CHARITABLE REMAINDER #1 UNITRUST U/A DTD 08/10/2021

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

OHIO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 47,857.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 47,857.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

47,857.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

* See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster.

SCHEDULE 13D

CUSIP No. 75574U101

1

Name of reporting person

HOWARD AMSTER 2021 CHARITABLE REMAINDER UNITRUST #2 U/A DTD 08/10/2021

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

OHIO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 2,216.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,216.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,216.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

* See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster.

SCHEDULE 13D

CUSIP No. 75574U101

1

Name of reporting person

HOWARD AMSTER & TAMRA GOULD CHARITABLE REMAINDER UNITRUST U/A DTD 03/18/1993

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

OHIO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 771.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 771.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

771.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

* See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster.

SCHEDULE 13D

CUSIP No. 75574U101

1

Name of reporting person

HOWARD AMSTER CHARITABLE REMAINDER UNITRUST U/A DTD 04/22/1998

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

OHIO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,534.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,534.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

5,534.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

* See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster.

SCHEDULE 13D

CUSIP No. 75574U101

1

Name of reporting person

HOWARD AMSTER CHARITABLE REMAINDER UNITRUST U/A DTD 01/11/2005

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

OHIO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 3,866.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 3,866.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

3,866.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

* See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster.

SCHEDULE 13D

CUSIP No. 75574U101

1

Name of reporting person

HORIZON GROUP PROPERTIES INC.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 175,284.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 175,284.00

11

Aggregate amount beneficially owned by each reporting person

175,284.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.1 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

* See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: COMMON STOCK PAR VALUE $0.0001 PER SHARE
(b)	Name of Issuer: Ready Capital Corp
(c)	Address of Issuer's Principal Executive Offices: 1251 AVENUE OF THE AMERICAS, 50TH FLOOR, NEW YORK, NEW YORK , 10020.
Item 1 Comment: This Amendment No. 2 to Schedule 13D (Amendment No. 2) amends the Reporting Persons initial Schedule 13D filed August 5,2025 (the Initial 13D) and Amendment No. 1 filed August 28, 2025 (Amendment No. 1) with respect to the Common Shares (the Common Stock) of Ready Capital Corporation (the Issuer). Except as specifically amended by this Amendment No. 2 and noted in the paragraphs below, the Initial 13D is unchanged. Unless otherwise indicated, each capitalized item used but not specifically defined herein shall have the meaning ascribed to such item in the Initial 13D and Amendment No. 1.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5 of the Initial 13D is hereby amended and restated in its entirety to read as follows: (a) See Items 11 and 13 of the cover pages of this Schedule 13D, as amended, which Items are incorporated herein by reference, for the aggregate number of shares and percentage of the shares of Common Stock identified pursuant to Item 1 beneficially owned by each of the Reporting Persons
(b)	(b) See items 7, 8, 9, and 10 of the cover pages to this Schedule 13D, as amended, which Items are incorporated herein by reference, for the aggregate number and percentage of the shares of the Common Stock beneficially owned by each of the Reporting Persons as to which there is sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition of such shares of the Common Stock.
(c)	(c) The following table sets forth all transactions with respect to the shares of Common Stock effected during the past sixty (60) days by any of the Reporting Persons, inclusive of any transactions effected through 5:00 p.m., New York City time, on November 10, 2025. All transactions were purchases and were conducted on the open market. If the shares were purchased in multiple transactions on a single trading day, the price per share reported is the weighted average price. Date Shares Purchased Per Share Total Price Purchaser 09/10/25 365 $4.14 $1,543 Pleasant Lake Apartments Corp* 09/10/25 3,350 $4.16 $13,966 Howard Amster 2019 CRUT 3* 09/10/25 2,736 $4.16 $11,141 Howard Amster 2019 CRUT 4* 09/10/25 4,024 $4.16 $16,769 Howard Amster 2019 CRUT 2* 09/10/25 1,005 $4.15 $4,201 Howard Amster 2021 CRUT 1* 09/10/25 392 $4.14 $1,654 Howard Amster 2022 CRUT 1* 09/10/25 543 $4.14 $2,279 Amster Limited Partnership* 09/12/25 100,000 $4.19 $420,673 Laughlin Holdings LLC** 09/15/25 1,573 $4.24 $6,670 Howard Amster*** 09/16/25 387,450 $4.34 $1,680,649 Howard Amster 2019 CRUT 2**** 09/17/25 128,000 $4.29 $549,907 Howard Amster 2019 CRUT 3***** 09/17/25 62,400 $4.39 $274,217 Howard Amster 2019 CRUT 2***** 09/18/25 89,000 $4.31 $383,454 Howard Amster 2019 CRUT 2****** 09/18/25 21,900 $4.31 $94,498 Howard Amster 2021 CRUT 1****** 09/19/25 102,600 $4.35 $446,409 Howard Amster 2019 CRUT 4******* 09/30/25 178,579 $3.87 $691,714 Howard Amster******** 10/10/25 760 $3.47 $2,667 Pleasant Lake Apartments Corp********* 10/10/25 426 $3.44 $1,497 Howard Amster and Tamra Gould 1993 CRUT********* 10/10/25 5,279 $3.51 $18,560 Howard Amster********** 10/10/25 1,720 $3.47 $5,991 Horizon Group Properties Inc.********* 10/10/25 392 $3.44 $1,380 Howard Amster 1998 CRUT********** 10/10/25 1,012 $3.45 $3,521 Howard Amster 2005 CRUT********** 10/10/25 1,855 $3.47 $6,468 Howard Amster 2019 CRUT 1********** 10/10/25 2,114 $3.46 $7,335 Howard Amster 2019 CRUT 4********** 10/10/25 413 $3.46 $1,460 Howard Amster 2019 CRUT 7********** 10/10/25 647 $3.46 $2,268 Howard Amster 2019 CRUT 5********** 10/10/25 9,000 $3.50 $31,531 Howard Amster Foundation********** 10/10/20 1,107 $3.47 $3,867 Howard Amster 2021 CRUT 1********** 10/10/25 577 $3.47 $2,033 Amster Limited Partnership********** 10/16/25 3,560 $3.35 $11,958 Howard Amster*********** 10/16/25 3,308 $3.35 $1,113 Horizon Group Properties Inc.*********** 10/16/25 1,473 $3.35 $4,966 Howard Amster 2019 CRUT 1*********** 10/16/25 967 $3.35 $3,271 Howard Amster 2019 CRUT 3*********** 10/16/25 947 $3.35 $3,204 Howard Amster 2019 CRUT 4*********** 10/16/25 571 $3.35 $1,944 Howard Amster 2019 CRUT 2*********** 10/16/25 350 $3.35 $1,204 Amster Limited Partnership*********** 10/16/25 1,689 $3.35 $5,690 Horizon Group Properties Inc.********* 10/30/25 150,000 $3.05 $458,002 Howard Amster************ 10/31/25 170,000 $2.89 $491,477 Howard Amster************* 11/07/25 342,000 $2.89 $987,885 Howard Amster************** 11/07/25 611,526 $2.89 $1,766,752 Howard Amster 2019 CRUT 1************** 11/07/25 62,874 $2.89 $181,654 Howard Amster Foundation************** *For purchases on 09/10/2025, the High Price was $4.16 and the Low Price was $4.14 ** For purchases on 09/12/2025 the High Price was $4.19 and the Low Price was $4.19 *** For purchases on 09/15/2025 the High Price was $4.24 and the Low Price was $4.24 **** For purchases on 09/16/2025 the High Price was $4.36 and the Low Price was $4.28 *****For purchases on 09/17/2025 the High Price was $4.40 and the Low Price was $4.26 ******For purchases on 09/18/2025 the High Price was $4.33 and the low price was $4.29 *******For purchases on 09/19/25 the High Price was $4.40 and the Low Price was $4.27 ********For purchases on 09/30/25 the High Price was $3.92 and the Low Price was $3.85 **********For purchases on 10/10/25 the High Price was $3.51 and the Low Price was $3.44 ***********For purchases on 10/16/25 the High Price was $3.35 and the Low Price was $3.35 ************For purchases on 10/30/25 the High Price was $3.08 and the Low Price was $3.04 *************For purchases on 10/31/25 the High Price was $2.92 and the Low Price was $2.87 **************For purchases on 11/07/25 the High Price was $2.97 and the Low Price was $2.73
(d)	(d) Other than the Reporting Persons, no other person is known by the Reporting Persons to have the right to receive or direct the receipt of dividends from, or the proceeds from the sale of, the shares of the Common Stock of the Issuer beneficially owned by the Reporting Persons.
(e)	(d) Other than the Reporting Persons, no other person is known by the Reporting Persons to have the right to receive or direct the receipt of dividends from, or the proceeds from the sale of, the shares of the Common Stock of the Issuer beneficially owned by the Reporting Persons

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Amster Howard

Signature:	HOWARD AMSTER
Name/Title:	HOWARD AMSTER
Date:	11/10/2025

PLEASANT LAKE APARTMENTS LIMITED PARTNERSHIP

Signature:	HOWARD AMSTER
Name/Title:	PRESIDENT LAKE APARTMENTS CORP ITS GENERAL PARTNER
Date:	11/10/2025

HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #1 U/A DTD 05/20/2019

Signature:	HOWARD AMSTER
Name/Title:	TRUSTEE
Date:	11/10/2025

HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #2 U/A DTD 05/20/2019

Signature:	HOWARD AMSTER
Name/Title:	TRUSTEE
Date:	11/10/2025

HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #3 U/A DTD 05/20/2019

Signature:	HOWARD AMSTER
Name/Title:	TRUSTEE
Date:	11/10/2025

HOWARD AMSTER 2019 CHARITABLE REMAINER UNITURST #4 U/A 05/20/2019

Signature:	HOWARD AMSTER
Name/Title:	TRUSTEE
Date:	11/10/2025

AMSTER LIMITED PARTNERSHIP

Signature:	HOWARD AMSTER
Name/Title:	GENERAL PARTNER
Date:	11/10/2025

HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #7 U/A DTD 05/20/2019

Signature:	HOWARD AMSTER
Name/Title:	TRUSTEE
Date:	11/10/2025

LAUGHLIN HOLDINGS LLC

Signature:	HOWARD AMSTER
Name/Title:	PRESIDENT PLEASANT LAKE APARTMENTS CORP GENERAL PARTNER PLEASANT LAKE APARTMENTS LP MANAGING MEMBER LAUGHLIN HOLDINGS LLC
Date:	11/10/2025

RAMAT SECURITIES LTD

Signature:	HOWARD AMSTER
Name/Title:	AUTHORIZED REPRESENTATIVE
Date:	11/10/2025

HOWARD AMSTER 2021 CHARITABLE REMAINDER UNITRUST #3 U/A DTD 11/23/2021

Signature:	HOWARD AMSTER
Name/Title:	TRUSTEE
Date:	11/10/2025

PLEASANT LAKE APARTMENTS CORP

Signature:	HOWARD AMSTER
Name/Title:	PRESIDENT
Date:	11/10/2025

HOWARD AMSTER 2022 CHARITABLE REMAINDER UNITRUST #1 U/A DTD 03/09/2022

Signature:	HOWARD AMSTER
Name/Title:	TRUSTEE
Date:	11/10/2025

HOWARD AMSTER FOUNDATION

Signature:	HOWARD AMSTER
Name/Title:	PRESIDENT
Date:	11/10/2025

NEWAX INC

Signature:	HOWARD AMSTER
Name/Title:	DIRECTOR
Date:	11/10/2025

PLEASANT LAKE SKOIEN INVESTMENTS LLC

Signature:	HOWARD AMSTER
Name/Title:	PRESIDENT PLEASANT LAKE APARTMENTS CORP GENERAL PARTNER PLEASANT LAKE APARTMENTS LP MANAGING MEMBER PLEASANT LAKE SKOIEN INVESTMENTS LLC
Date:	11/10/2025

HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #5 U/A DTD 05/20/2019

Signature:	HOWARD AMSTER
Name/Title:	TRUSTEE
Date:	11/10/2025

HOWARD AMSTER 2021 CHARITABLE REMAINDER #1 UNITRUST U/A DTD 08/10/2021

Signature:	HOWARD AMSTER
Name/Title:	TRUSTEE
Date:	11/10/2025

HOWARD AMSTER 2021 CHARITABLE REMAINDER UNITRUST #2 U/A DTD 08/10/2021

Signature:	HOWARD AMSTER
Name/Title:	TRUSTEE
Date:	11/10/2025

HOWARD AMSTER & TAMRA GOULD CHARITABLE REMAINDER UNITRUST U/A DTD 03/18/1993

Signature:	HOWARD AMSTER
Name/Title:	TRUSTEE
Date:	11/10/2025

HOWARD AMSTER CHARITABLE REMAINDER UNITRUST U/A DTD 04/22/1998

Signature:	HOWARD AMSTER
Name/Title:	TRUSTEE
Date:	11/10/2025

HOWARD AMSTER CHARITABLE REMAINDER UNITRUST U/A DTD 01/11/2005

Signature:	HOWARD AMSTER
Name/Title:	TRUSTEE
Date:	11/10/2025

HORIZON GROUP PROPERTIES INC.

Signature:	HOWARD AMSTER
Name/Title:	DIRECTOR
Date:	11/10/2025

FAQ

What stake did Howard Amster report in Ready Capital (RC)?

The filing reports beneficial ownership of 14,242,965 shares, representing 8.8% of Ready Capital’s common stock.

What share count was used to calculate the 8.8% for RC?

The percentage is based on 162,126,276 shares outstanding as of November 6, 2025.

How much voting power does Amster report over RC shares?

Amster reports 13,227,973 shares with sole voting/dispositive power and 1,014,992 shares with shared voting/dispositive power.

What notable recent RC purchases were disclosed?

Examples include 611,526 shares at $2.89 on 11/07/25 (2019 CRUT #1) and 342,000 shares at $2.89 on 11/07/25 (Howard Amster).

Were the RC transactions open market?

Yes. The filing states all transactions over the last 60 days were open‑market purchases with weighted‑average prices per day.

What is the filing type and amendment number for RC?

It is a Schedule 13D/A, Amendment No. 2 regarding Ready Capital’s common stock.