Rithm Property Trust issues shares as management fee
Rithm Capital Corp. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Rithm Capital Corp. reported acquisition or exercise transactions in this Form 4 filing.
Rithm Capital Corp., a 10% owner of Rithm Property Trust Inc., reported that on August 5, 2026, affiliate RCM GA Manager LLC received 137,383 common shares at $11.73 per share as payment of a quarterly management fee. After this issuance, 427,494 shares are held indirectly through the adviser, while 476,032 shares are reported as held directly; Rithm Capital disclaims beneficial ownership of the adviser-held shares beyond its pecuniary interest.
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Insights
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Insider Trade Summary
Other: 137,383 shares
Other
2 txns
Insider
Rithm Capital Corp.
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock, par value $0.01 per share F1, F2 | 137,383 | $11.73 | $1.61M |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 427,494 shares (Indirect, See Footnote 2);
Common Stock, par value $0.01 per share — 476,032 shares (Direct)
Footnotes (2)
- F1. Reflects shares issued by the Issuer to RCM GA Manager LLC (the "Adviser"), an affiliate of the reporting person, as payment of the quarterly management fee, which can be paid in cash or shares of the Issuer's common stock at the election of the Adviser, as compensation for the services the Adviser provides to the Issuer and its subsidiaries, pursuant to, and subject to the terms and conditions of, the management agreement among the Issuer, Great Ajax Operating Partnership LP and the Adviser.
- F2. These shares are owned directly by RCM GA Manager LLC. The reporting person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.
Key Figures
Shares issued as management fee: 137,383 shares
Deemed price per share: $11.73 per share
Indirect shares following transaction: 427,494 shares
+2 more
5 metrics
Shares issued as management fee
137,383 shares
Common stock issued to RCM GA Manager LLC on August 5, 2026 as quarterly management fee
Deemed price per share
$11.73 per share
Value used for the 137,383-share issuance to RCM GA Manager LLC
Indirect shares following transaction
427,494 shares
Rithm Capital’s reported indirect holdings through RCM GA Manager LLC after the issuance
Direct shares following transaction
476,032 shares
Rithm Capital’s reported direct holdings of Rithm Property Trust common stock
Restructuring shares
137,383 shares
Shares classified under restructuring/count for transaction code J acquisition
Key Terms
management fee, pecuniary interest, indirect ownership, ten percent owner
4 terms
management fee financial
"Reflects shares issued ... as payment of the quarterly management fee, which can be paid in cash or shares"
A management fee is the regular charge that a fund or investment firm takes for running and overseeing investors’ money, typically expressed as a percentage of assets under management. It matters because this ongoing cost reduces the net returns you receive—like paying a caretaker a slice of a garden’s harvest—and higher fees can significantly erode long-term investment gains.
pecuniary interest financial
"The reporting person disclaims beneficial ownership ... except to the extent of its pecuniary interest therein"
indirect ownership financial
"These shares are owned directly by RCM GA Manager LLC ... reported as indirect ownership"
ten percent owner regulatory
"Rithm Capital Corp. is identified as a ten percent owner of the issuer"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Rithm Capital Corp. report for RPT?
Rithm Capital Corp. reported that affiliate RCM GA Manager LLC received 137,383 Rithm Property Trust common shares on August 5, 2026 at $11.73 per share. The shares were issued as payment of a quarterly management fee, coded as an acquisition under transaction code J.
What are Rithm Capital Corp.’s holdings in Rithm Property Trust (RPT) after this transaction?
After the reported transaction, Rithm Capital Corp. reports 427,494 Rithm Property Trust shares held indirectly through RCM GA Manager LLC and 476,032 shares held directly. The indirect holdings are subject to a disclaimer of beneficial ownership beyond Rithm Capital’s pecuniary interest.
Was the RPT insider transaction made under a Rule 10b5-1 trading plan?
The report indicates the transaction was not made under a Rule 10b5-1 trading plan. Instead, the shares were issued as non-market compensation for management services pursuant to an existing management agreement, classified as an “other acquisition or disposition” with an acquisition flag.
What does the transaction code J mean in the RPT Form 4?
Transaction code J on the Form 4 denotes an “other acquisition or disposition” of securities. Here, it reflects the issuance of 137,383 Rithm Property Trust shares to RCM GA Manager LLC as stock-based payment of a quarterly management fee rather than a market trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.
