RC

SEC source: 0001104659-21-107031 · tm2123234-2_4seq1.xml · nonDerivative · entry 1

Petro Andrea · CIK 0001818600 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,050

SEC source: 0001104659-22-022644 · tm226526-1_5seq1.xml · nonDerivative · entry 8

Sutherland REIT Holdings, LP · CIK 0001611235 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,195,300

F1 · price: The Reporting Person received redemption requests (each a "SRH Redemption Request") from certain of its limited partners in respect of certain of their limited partnership interests in the Reporting Person ("SRH Units"). On the dates noted in Table I above, the Reporting Person satisfied each SRH Redemption Request by exchanging the SRH Units for an equal number of shares of Common Stock.

F2 · balance_after: Waterfall Management, LLC, an affiliate of the Issuer's external manager, serves as the general partner of the Reporting Person and may be deemed to be the beneficial owner of the shares of Common Stock of the Issuer that are held by the Reporting Person. However, Waterfall Management, LLC does not have an economic interest in certain of these shares and expects to distribute such shares to the beneficial owners of the Reporting Person upon their request in accordance with the Reporting Person's partnership agreement. Accordingly, Waterfall Management, LLC disclaims beneficial ownership of the shares of common stock held by the Reporting Person except to the extent of its economic interest.

F3 · balance_after: In addition, each of Thomas Capasse, Jack Ross and Thomas Buttacavoli is a principal or managing director of Waterfall Asset Management, LLC, the Issuer's external manager, and may be deemed to share voting and investment power over the shares of Common Stock of the Issuer held by the Reporting Person.

F4 · balance_after: Each of such individuals disclaims beneficial ownership of such shares of common stock, except to the extent of his economic interest therein. The inclusion of these shares of Common Stock of the Issuer in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

SEC source: 0001104659-21-071801 · tm2113820-2_4seq1.xml · nonDerivative · entry 1

NATHAN GILBERT E · CIK 0001657622 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,953

F1 · price: The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $14.63 to $14.6799, inclusive on May 24, 2021. The Reporting Person undertakes to provide 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.

SEC source: 0001104659-21-067109 · tm2116552-1_4seq1.xml · nonDerivative · entry 1

Petro Andrea · CIK 0001818600 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,750

F1 · price: The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $14.17 to $14.19, inclusive on May 13, 2021. The Reporting Person undertakes to provide 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.

SEC source: 0001104659-21-066083 · tm2116286-1_4seq1.xml · derivative · entry 2

NATHAN GILBERT E · CIK 0001657622 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common stock · 3,198.8 shares

Expires 2023-08-11

F2 · derivative.exercise_price: The conversion rate of the 7.00% Convertible Senior Notes due 2023 (the "Notes") equals 1.5994 shares of the Issuer's common stock per $25.00 principal amount of Notes (equivalent to a conversion price of approximately $15.63 per share of the Issuer's common stock). The conversion rate and thus the conversion price are subject to adjustment in accordance with the terms of the Notes.

F3 · derivative.underlying_shares: Calculated based on the conversion rate of 1.5994 shares of the Issuer's common stock per $25.00 principal amount of Notes.

SEC source: 0001104659-21-066083 · tm2116286-1_4seq1.xml · nonDerivative · entry 1

NATHAN GILBERT E · CIK 0001657622 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,953

F1 · price: The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $13.53 to $13.7095, inclusive on May 11, 2021. The Reporting Person undertakes to provide 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.

SEC source: 0001104659-21-053953 · tm2113820-1_4seq1.xml · nonDerivative · entry 1

Mielle Dominique · CIK 0001759191 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,376

F1 · price: On April 20, 2021, the reporting person was awarded 5,768 shares of restricted Common Stock under the 2012 Ready Capital Corporation Equity Incentive Plan. The shares will vest in equal installments of one-third on June 30, 2021, September 30, 2021 and December 31, 2021.

SEC source: 0001104659-21-033838 · tm219174-1_4seq1.xml · nonDerivative · entry 1

Ahlborn Andrew · CIK 0001778219 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,328

F1 · shares: Consists of shares of Common Stock withheld by the Issuer, with approval of the Issuer's Board of Directors, in order to satisfy the tax withholding obligation of the reporting person in connection with the vesting of 2,760 shares of Common Stock.

F2 · price: Represents the closing price of the Common Stock on March 5, 2021.

SEC source: 0001104659-21-024967 · tm217125-1_4seq1.xml · nonDerivative · entry 2

Ahlborn Andrew · CIK 0001778219 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,412

F5 · price: On February 12, 2021, the reporting person was awarded 12,379 shares of restricted Common Stock under the 2012 Ready Capital Corporation Equity Incentive Plan. The shares will vest in equal installments of one-third on February 12, 2022, February 12, 2023 and February 12, 2024. The reporting person will receive dividends on the unvested shares of restricted Common Stock.

F3 · balance_after: On March 11, 2020, the Issuer's Board of Directors declared a quarterly cash dividend of $0.40 per share of Common Stock. On March 20, 2020, the Issuer announced that the dividend will be paid in a combination of cash and Common Stock on April 30, 2020 to common stockholders of record as of the close of business of March 31, 2020. As a result, the Reporting Person received approximately 1,139 shares of Common Stock.

F4 · balance_after: Reflects the withholding of an aggregate of 937 shares of Common Stock by the Issuer, with approval of the Issuer's Board of Directors, in order to satisfy the tax withholding obligation of the reporting person in connection with prior vesting of Common Stock previously granted and reported on prior Forms 4.

SEC source: 0001104659-21-024967 · tm217125-1_4seq1.xml · nonDerivative · entry 1

Ahlborn Andrew · CIK 0001778219 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,033

F1 · shares: Consists of shares of Common Stock withheld by the Issuer, with approval of the Issuer's Board of Directors, in order to satisfy the tax withholding obligation of the reporting person in connection with the vesting of 3,566 shares of Common Stock.

F2 · price: Represents the closing price of the Common Stock on February 12, 2021.

F3 · balance_after: On March 11, 2020, the Issuer's Board of Directors declared a quarterly cash dividend of $0.40 per share of Common Stock. On March 20, 2020, the Issuer announced that the dividend will be paid in a combination of cash and Common Stock on April 30, 2020 to common stockholders of record as of the close of business of March 31, 2020. As a result, the Reporting Person received approximately 1,139 shares of Common Stock.

F4 · balance_after: Reflects the withholding of an aggregate of 937 shares of Common Stock by the Issuer, with approval of the Issuer's Board of Directors, in order to satisfy the tax withholding obligation of the reporting person in connection with prior vesting of Common Stock previously granted and reported on prior Forms 4.

SEC source: 0001104659-21-024968 · tm217125-2_4seq1.xml · nonDerivative · entry 2

Taylor Gary · CIK 0001773584 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 38,759

F3 · price: On February 12, 2021, the reporting person was awarded 16,505 shares of restricted Common Stock under the 2012 Ready Capital Corporation Equity Incentive Plan. The shares will vest in equal installments of one-third on February 12, 2022, February 12, 2023 and February 12, 2024. The reporting person will receive dividends on the unvested shares of restricted Common Stock.

SEC source: 0001104659-21-024968 · tm217125-2_4seq1.xml · nonDerivative · entry 1

Taylor Gary · CIK 0001773584 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,254

F1 · shares: Consists of shares of Common Stock withheld by the issuer, with approval of the issuer's Board of Directors, in order to satisfy the tax withholding obligation of the reporting person in connection with the vesting of 5,094 shares of Common Stock.

F2 · price: Represents the closing price of the Common Stock on February 12, 2021.

SEC source: 0001104659-21-030284 · tm218354-1_4seq1.xml · nonDerivative · entry 1

FILIPPS FRANK P · CIK 0001188562 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,720

F1 · price: On February 12, 2021, the reporting person was awarded 7,800 shares of restricted Common Stock under the 2012 Ready Capital Corporation Equity Incentive Plan. The shares will vest in equal installments of one-quarter on March 31, 2021, June 30, 2021, September 30, 2021 and December 31, 2021.

F2 · balance_after: On March 11, 2020, the Issuer's Board of Directors declared a quarterly cash dividend of $0.40 per share of Common Stock. On March 20, 2020, the Issuer announced that the dividend will be paid in a combination of cash and Common Stock on April 30, 2020 to common stockholders of record as of the close of business of March 31, 2020. As a result, the reporting person received approximately 1,279 shares of Common Stock.

F3 · balance_after: Reflects the withholding of an aggregate of 1,387 shares of Common Stock by the Issuer, with approval of the Issuer's Board of Directors, in order to satisfy the tax withholding obligation of the reporting person in connection with prior vesting of Common Stock previously granted and reported on a prior Form 4.

SEC source: 0001104659-21-030291 · tm218354-3_4seq1.xml · nonDerivative · entry 1

REESE J MITCHELL · CIK 0001212662 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · J.Mitchell Reese Jr. Trust, UA 5/5/1999

Disclosed balance after: 71,754

F1 · price: On February 12, 2021, the reporting person was awarded 7,800 shares of restricted Common Stock under the 2012 Ready Capital Corporation Equity Incentive Plan. The shares will vest in equal installments of one-quarter on March 31, 2021, June 30, 2021, September 30, 2021 and December 31, 2021.

F2 · balance_after: The reporting person owns the shares of Common Stock of the issuer through the J. Mitchell Reese Jr. Trust, UA 5/5/1999. The reporting person serves as the trustee and sole beneficiary of the trust and has sole voting and investment power with respect to the securities held by the trust.

F3 · balance_after: On March 11, 2020, the Issuer's Board of Directors declared a quarterly cash dividend of $0.40 per share of Common Stock. On March 20, 2020, the Issuer announced that the dividend will be paid in a combination of cash and Common Stock on April 30, 2020 to common stockholders of record as of the close of business of March 31, 2020. As a result, the reporting person received approximately 1,279 shares of Common Stock.

F4 · balance_after: Reflects the withholding of an aggregate of 1,387 shares of Common Stock by the Issuer, with approval of the Issuer's Board of Directors, in order to satisfy the tax withholding obligation of the reporting person in connection with prior vesting of Common Stock previously granted and reported on a prior Form 4.

SEC source: 0001104659-21-030292 · tm218354-4_4seq1.xml · nonDerivative · entry 1

Sinai Todd M. · CIK 0001630507 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,106

F1 · price: On February 12, 2021, the reporting person was awarded 7,800 shares of restricted Common Stock under the 2012 Ready Capital Corporation Equity Incentive Plan. The shares will vest in equal installments of one-quarter on March 31, 2021, June 30, 2021, September 30, 2021 and December 31, 2021.

F2 · balance_after: On March 11, 2020, the Issuer's Board of Directors declared a quarterly cash dividend of $0.40 per share of Common Stock. On March 20, 2020, the Issuer announced that the dividend will be paid in a combination of cash and Common Stock on April 30, 2020 to common stockholders of record as of the close of business of March 31, 2020. As a result, the reporting person received approximately 307 shares of Common Stock.

F3 · balance_after: Reflects the withholding of an aggregate of 1,387 shares of Common Stock by the Issuer, with approval of the Issuer's Board of Directors, in order to satisfy the tax withholding obligation of the reporting person in connection with prior vesting of Common Stock previously granted and reported on a prior Form 4.

SEC source: 0001104659-21-030289 · tm218354-2_4seq1.xml · nonDerivative · entry 1

NATHAN GILBERT E · CIK 0001657622 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,953

F1 · price: On February 12, 2021, the reporting person was awarded 7,800 shares of restricted Common Stock under the 2012 Ready Capital Corporation Equity Incentive Plan. The shares will vest in equal installments of one-quarter on March 31, 2021, June 30, 2021, September 30, 2021 and December 31, 2021.

SEC source: 0001104659-22-022644 · tm226526-1_5seq1.xml · nonDerivative · entry 7

Sutherland REIT Holdings, LP · CIK 0001611235 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,376,226

F1 · price: The Reporting Person received redemption requests (each a "SRH Redemption Request") from certain of its limited partners in respect of certain of their limited partnership interests in the Reporting Person ("SRH Units"). On the dates noted in Table I above, the Reporting Person satisfied each SRH Redemption Request by exchanging the SRH Units for an equal number of shares of Common Stock.

F2 · balance_after: Waterfall Management, LLC, an affiliate of the Issuer's external manager, serves as the general partner of the Reporting Person and may be deemed to be the beneficial owner of the shares of Common Stock of the Issuer that are held by the Reporting Person. However, Waterfall Management, LLC does not have an economic interest in certain of these shares and expects to distribute such shares to the beneficial owners of the Reporting Person upon their request in accordance with the Reporting Person's partnership agreement. Accordingly, Waterfall Management, LLC disclaims beneficial ownership of the shares of common stock held by the Reporting Person except to the extent of its economic interest.

F3 · balance_after: In addition, each of Thomas Capasse, Jack Ross and Thomas Buttacavoli is a principal or managing director of Waterfall Asset Management, LLC, the Issuer's external manager, and may be deemed to share voting and investment power over the shares of Common Stock of the Issuer held by the Reporting Person.

F4 · balance_after: Each of such individuals disclaims beneficial ownership of such shares of common stock, except to the extent of his economic interest therein. The inclusion of these shares of Common Stock of the Issuer in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

SEC source: 0001104659-20-092928 · a4.xml · nonDerivative · entry 1

Buttacavoli Thomas · CIK 0001689600 · Chief Investment Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By Waterfall

Disclosed balance after: 23,469

F1 · price: On August 6, 2020, the board of the directors of the Issuer approved the issuance of 208,690 shares of Common Stock to Waterfall Asset Management, LLC, its external manager (the "Manager"), as payment of 50% of the incentive distribution payable to the Manager pursuant to the management agreement between the Issuer and the Manager. The 17,968 shares of Common Stock reported on this Form 4 represent the Reporting Person's pro rata ownership of the 208,690 shares based on the Reporting Person's percentage ownership in the Manager.

F2 · balance_after: These shares represent the 23,469 shares of Common Stock of the Issuer out of the 263,695 and 8,869 total shares of Common Stock held by the Manager and Waterfall Management, LLC ("WM" and together with the Manager, "Waterfall"), respectively, including through each entity's ownership of Sutherland REIT Holdings, LP (the "Partnership") based on the Reporting Person's percentage ownership in Waterfall. The Reporting Person disclaims beneficial ownership of the shares held by Waterfall, except to the extent of his economic interest therein.

F3 · balance_after: On March 11, 2020, the Issuer's Board of Directors declared a quarterly cash dividend of $0.40 per share of common stock. On March 20, 2020, the Issuer announced that the dividend will be paid in a combination of cash and common stock on April 30, 2020 to common stockholders of record as of the close of business of March 31, 2020. As a result, the Manager received 2,956 shares and WM received 415 shares of Common Stock. The 291 shares of Common Stock reflected on this Form 4 represent the reporting person's pro rata ownership of the 3,371 shares based on the reporting person's percentage of direct ownership interests in the Manager and WM.

SEC source: 0001104659-20-092926 · a4.xml · nonDerivative · entry 1

Capasse Thomas E · CIK 0001469065 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By Waterfall

Disclosed balance after: 78,285

F1 · price: On August 6, 2020, the board of the directors of the Issuer approved the issuance of 208,690 shares of Common Stock to Waterfall Asset Management, LLC, its external manager (the "Manager"), as payment of 50% of the incentive distribution payable to the Manager pursuant to the management agreement between the Issuer and the Manager. The 59,936 shares of Common Stock reported on this Form 4 represent the Reporting Person's pro rata ownership of the 208,690 shares based on the Reporting Person's percentage ownership in the Manager.

F2 · balance_after: These shares represent the 78,285 shares of Common Stock of the Issuer out of the 263,695 and 8,869 total shares of Common Stock owned by the Manager and its affiliate, Waterfall Management, LLC ("WM" and together with the Manager, "Waterfall"), respectively, including through each entity's ownership of Sutherland REIT Holdings, LP (the "Partnership"), based on the Reporting Person's percentage of direct ownership interests in Waterfall.

F3 · balance_after: WM serves as the general partner of the Partnership and may be deemed to be the beneficial owner of the shares of Common Stock that are held by the Partnership. In addition, the Reporting Person is a principal of the Manager and may be deemed to share voting and investment power over the 13,395,167 shares of Common Stock held by the Partnership.

F4 · balance_after: However, WM does not have an economic interest in these shares and expects to distribute such shares to the beneficial owners of the Partnership upon their request in accordance with the Partnership's partnership agreement. Accordingly, WM disclaims beneficial ownership of the shares of Common Stock held by the Partnership and the Reporting Person disclaims beneficial ownership of such shares of Common Stock, except to the extent of the 78,285 shares reported herein, which represents his economic interest in the Manager, including through the Manager's ownership of the Partnership.

F5 · balance_after: On March 11, 2020, the Issuer's Board of Directors declared a quarterly cash dividend of $0.40 per share of common stock. On March 20, 2020, the Issuer announced that the dividend will be paid in a combination of cash and common stock on April 30, 2020 to common stockholders of record as of the close of business of March 31, 2020. As a result, the Manager received 2,956 shares and WM received 415 shares of Common Stock. The 968 shares of Common Stock reflected on this Form 4 represent the reporting person's pro rata ownership of the 3,371 shares based on the reporting person's percentage of direct ownership interests in the Manager and WM.

SEC source: 0001104659-20-092927 · a4.xml · nonDerivative · entry 1

Ross Jack J. · CIK 0001469109 · Director · President

10b5-1 filing: Not disclosed

Ownership: Indirect · By Waterfall

Disclosed balance after: 78,285

F1 · price: On August 6, 2020, the board of the directors of the Issuer approved the issuance of 208,690 shares of Common Stock to Waterfall Asset Management, LLC, its external manager (the "Manager"), as payment of 50% of the incentive distribution payable to the Manager pursuant to the management agreement between the Issuer and the Manager. The 59,936 shares of Common Stock reported on this Form 4 represent the Reporting Person's pro rata ownership of the 208,690 shares based on the Reporting Person's percentage ownership in the Manager.

F2 · balance_after: These shares represent the 78,285 shares of Common Stock of the Issuer out of the 263,695 and 8,869 total shares of Common Stock owned by the Manager and its affiliate, Waterfall Management, LLC ("WM" and together with the Manager, "Waterfall"), respectively, including through each entity's ownership of Sutherland REIT Holdings, LP (the "Partnership"), based on the Reporting Person's percentage of direct ownership interests in Waterfall.

F3 · balance_after: WM serves as the general partner of the Partnership and may be deemed to be the beneficial owner of the shares of Common Stock that are held by the Partnership. In addition, the Reporting Person is a principal of the Manager and may be deemed to share voting and investment power over the 13,395,167 shares of Common Stock held by the Partnership.

F4 · balance_after: However, WM does not have an economic interest in these shares and expects to distribute such shares to the beneficial owners of the Partnership upon their request in accordance with the Partnership's partnership agreement. Accordingly, WM disclaims beneficial ownership of the shares of Common Stock held by the Partnership and the Reporting Person disclaims beneficial ownership of such shares of Common Stock, except to the extent of the 78,285 shares reported herein, which represents his economic interest in the Manager, including through the Manager's ownership of the Partnership.

F5 · balance_after: On March 11, 2020, the Issuer's Board of Directors declared a quarterly cash dividend of $0.40 per share of common stock. On March 20, 2020, the Issuer announced that the dividend will be paid in a combination of cash and common stock on April 30, 2020 to common stockholders of record as of the close of business of March 31, 2020. As a result, the Manager received 2,956 shares and WM received 415 shares of Common Stock. The 968 shares of Common Stock reflected on this Form 4 represent the reporting person's pro rata ownership of the 3,371 shares based on the reporting person's percentage of direct ownership interests in the Manager and WM.

SEC source: 0001104659-20-092929 · a4.xml · nonDerivative · entry 1

Waterfall Asset Management, LLC · CIK 0001570717 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 253,623

F1 · price: On August 6, 2020, the board of directors of the Issuer approved the issuance of 208,690 shares of Common Stock to the Reporting Person, the Issuer's external manager, as payment of 50% of the incentive distribution payable to the Reporting Person pursuant to the management agreement.

F2 · balance_after: On March 11, 2020, the Issuer's Board of Directors declared a quarterly cash dividend of $0.40 per share of common stock. On March 20, 2020, the Issuer announced that the dividend will be paid in a combination of cash and common stock on April 30, 2020 to common stockholders of record as of the close of business of March 31, 2020. As a result, the reporting person received approximately 2,485 shares of the Issuer's common stock.

SEC source: 0001104659-20-065890 · a4.xml · derivative · entry 3

NATHAN GILBERT E · CIK 0001657622 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: Not disclosed

Underlying: Common Stock · 763 shares

Expires 2023-08-11

F1 · derivative.exercise_price: The conversion rate of the 7.00% Convertible Senior Notes due 2023 (the "Notes") equals 1.5267 shares of the Issuer's common stock per $25.00 principal amount of Notes (equivalent to a conversion price of approximately $16.37 per share of the Issuer's common stock). The conversion rate and thus the conversion price will be subject to adjustment in accordance with the terms of the Notes.

F2 · derivative.underlying_shares: Calculated based on the conversion rate of 1.5267 shares of the Issuer's common stock per $25.00 principal amount of Notes.

SEC source: 0001104659-20-065890 · a4.xml · derivative · entry 2

NATHAN GILBERT E · CIK 0001657622 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: Not disclosed

Underlying: Common Stock · 1,527 shares

Expires 2023-08-11

F1 · derivative.exercise_price: The conversion rate of the 7.00% Convertible Senior Notes due 2023 (the "Notes") equals 1.5267 shares of the Issuer's common stock per $25.00 principal amount of Notes (equivalent to a conversion price of approximately $16.37 per share of the Issuer's common stock). The conversion rate and thus the conversion price will be subject to adjustment in accordance with the terms of the Notes.

F2 · derivative.underlying_shares: Calculated based on the conversion rate of 1.5267 shares of the Issuer's common stock per $25.00 principal amount of Notes.

SEC source: 0001104659-20-064835 · a4.xml · nonDerivative · entry 1

Taylor Gary · CIK 0001773584 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,281

F1 · balance_after: On March 11, 2020, the Issuer's Board of Directors declared a quarterly cash dividend of $0.40 per share of common stock. On March 20, 2020, the Issuer announced that the dividend will be paid in a combination of cash and common stock on April 30, 2020 to common stockholders of record as of the close of business of March 31, 2020. As a result, the Reporting Person received approximately 749 shares of the Issuer's common stock.

SEC source: 0001104659-20-063363 · a4.xml · derivative · entry 2

NATHAN GILBERT E · CIK 0001657622 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: Not disclosed

Underlying: Common Stock · 763 shares

Expires 2023-08-11

F2 · derivative.exercise_price: The conversion rate of the 7.00% Convertible Senior Notes due 2023 (the "Notes") equals 1.5267 shares of the Issuer's common stock per $25.00 principal amount of Notes (equivalent to a conversion price of approximately $16.37 per share of the Issuer's common stock). The conversion rate and thus the conversion price are subject to adjustment in accordance with the terms of the Notes.

F3 · derivative.underlying_shares: Calculated based on the conversion rate of 1.5267 shares of the Issuer's common stock per $25.00 principal amount of Notes.

SEC source: 0001104659-22-022644 · tm226526-1_5seq1.xml · nonDerivative · entry 6

Sutherland REIT Holdings, LP · CIK 0001611235 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,395,167

F5 · price: On March 20, 2020 the Issuer announced that it decided to pay its previously declared cash dividend for the first quarter of 2020 of $0.40 per share of Common Stock and operating partnership unit, in a combination of cash, not to exceed 20% in the aggregate, and Common Stock. These shares represent Common Stock of the Issuer that were received by the Reporting Person as a part of that dividend payment.

F2 · balance_after: Waterfall Management, LLC, an affiliate of the Issuer's external manager, serves as the general partner of the Reporting Person and may be deemed to be the beneficial owner of the shares of Common Stock of the Issuer that are held by the Reporting Person. However, Waterfall Management, LLC does not have an economic interest in certain of these shares and expects to distribute such shares to the beneficial owners of the Reporting Person upon their request in accordance with the Reporting Person's partnership agreement. Accordingly, Waterfall Management, LLC disclaims beneficial ownership of the shares of common stock held by the Reporting Person except to the extent of its economic interest.

F3 · balance_after: In addition, each of Thomas Capasse, Jack Ross and Thomas Buttacavoli is a principal or managing director of Waterfall Asset Management, LLC, the Issuer's external manager, and may be deemed to share voting and investment power over the shares of Common Stock of the Issuer held by the Reporting Person.

F4 · balance_after: Each of such individuals disclaims beneficial ownership of such shares of common stock, except to the extent of his economic interest therein. The inclusion of these shares of Common Stock of the Issuer in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

SEC source: 0001104659-20-045963 · a4.xml · nonDerivative · entry 1

Buttacavoli Thomas · CIK 0001689600 · Chief Investment Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By Waterfall

Disclosed balance after: 5,210

F1 · price: On April 9, 2020, the board of the directors of the Issuer approved the issuance of 4,154 shares of Common Stock to Waterfall Asset Management, LLC, its external manager (the "Manager"), as payment of 50% of the incentive distribution payable to the Manager pursuant to the management agreement between the Issuer and the Manager. The 358 shares of Common Stock reported on this Form 4 represent the Reporting Person's pro rata ownership of the 4,154 shares based on the Reporting Person's percentage ownership in the Manager.

F2 · balance_after: These shares represent the 5,210 shares of Common Stock of the Issuer out of the 52,049 and 8,454 total shares of Common Stock held by the Manager and Waterfall Management, LLC ("WM" and together with the Manager, "Waterfall"), respectively, including through each entity's ownership of Sutherland REIT Holdings, LP (the "Partnership") based on the Reporting Person's percentage ownership in Waterfall. The Reporting Person disclaims beneficial ownership of the shares held by Waterfall, except to the extent of his economic interest therein.

SEC source: 0001104659-20-045965 · a4.xml · nonDerivative · entry 1

Capasse Thomas E · CIK 0001469065 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By Waterfall

Disclosed balance after: 17,381

F1 · price: On April 9, 2020, the board of the directors of the Issuer approved the issuance of 4,154 shares of Common Stock to the Manager, as payment of 50% of the incentive distribution payable to the Manager pursuant to the management agreement between the Issuer and the Manager. The 1,193 shares of Common Stock reported on this Form 4 represent the Reporting Person's pro rata ownership of the 4,154 shares based on the Reporting Person's percentage ownership in the Manager.

F2 · balance_after: These shares represent the 17,381 shares of Common Stock of the Issuer out of the 52,049 and 8,454 total shares of Common Stock owned by the Manager and its affiliate, Waterfall Management, LLC ("WM" and together with the Manager, "Waterfall"), respectively, including through each entity's ownership of Sutherland REIT Holdings, LP (the "Partnership"), based on the Reporting Person's percentage of direct ownership interests in Waterfall.

F3 · balance_after: WM serves as the general partner of the Partnership and may be deemed to be the beneficial owner of the shares of Common Stock that are held by the Partnership. In addition, the Reporting Person is a principal of the Manager and may be deemed to share voting and investment power over the 12,768,685 shares of Common Stock held by the Partnership.

F4 · balance_after: However, WM does not have an economic interest in these shares and expects to distribute such shares to the beneficial owners of the Partnership upon their request in accordance with the Partnership's partnership agreement. Accordingly, WM disclaims beneficial ownership of the shares of Common Stock held by the Partnership and the Reporting Person disclaims beneficial ownership of such shares of Common Stock, except to the extent of the 17,381 shares reported herein, which represents his economic interest in the Manager, including through the Manager's ownership of the Partnership.

SEC source: 0001104659-20-045962 · a4.xml · nonDerivative · entry 1

Ross Jack J. · CIK 0001469109 · Director · President

10b5-1 filing: Not disclosed

Ownership: Indirect · By Waterfall

Disclosed balance after: 17,381

F1 · price: On April 9, 2020, the board of the directors of the Issuer approved the issuance of 4,154 shares of Common Stock to Waterfall Asset Management, LLC, its external manager (the "Manager"), as payment of 50% of the incentive distribution payable to the Manager pursuant to the management agreement between the Issuer and the Manager. The 1,193 shares of Common Stock reported on this Form 4 represent the Reporting Person's pro rata ownership of the 4,154 shares based on the Reporting Person's percentage ownership in the Manager.

F2 · balance_after: These shares represent the 17,381 shares of Common Stock of the Issuer out of the 52,049 and 8,454 total shares of Common Stock owned by the Manager and its affiliate, Waterfall Management, LLC ("WM" and together with the Manager, "Waterfall"), respectively, including through each entity's ownership of Sutherland REIT Holdings, LP (the "Partnership"), based on the Reporting Person's percentage of direct ownership interests in Waterfall.

F3 · balance_after: WM serves as the general partner of the Partnership and may be deemed to be the beneficial owner of the shares of Common Stock that are held by the Partnership. In addition, the Reporting Person is a principal of the Manager and may be deemed to share voting and investment power over the 12,768,685 shares of Common Stock held by the Partnership.

F4 · balance_after: However, WM does not have an economic interest in these shares and expects to distribute such shares to the beneficial owners of the Partnership upon their request in accordance with the Partnership's partnership agreement. Accordingly, WM disclaims beneficial ownership of the shares of Common Stock held by the Partnership and the Reporting Person disclaims beneficial ownership of such shares of Common Stock, except to the extent of the 17,381 shares reported herein, which represents his economic interest in the Manager, including through the Manager's ownership of the Partnership.

SEC source: 0001104659-20-045961 · a4.xml · nonDerivative · entry 1

Waterfall Asset Management, LLC · CIK 0001570717 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 42,448

F1 · price: On April 9, 2020, the board of the directors of the Issuer approved the issuance of 4,154 shares of Common Stock to the Reporting Person, the Issuer's external manager, as payment of 50% of the incentive distribution payable to the Reporting Person pursuant to the management agreement between the Issuer and the Reporting Person.

SEC source: 0001104659-20-036978 · a4.xml · nonDerivative · entry 1

Ahlborn Andrew · CIK 0001778219 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,250

F1 · price: The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $6.3239 to $6.415, inclusive on March 19, 2020. The Reporting Person undertakes to provide 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.

F2 · balance_after: Includes 7,077 shares of unvested restricted Common Stock that were previously granted to the reporting person under the 2012 Ready Capital Corporation Equity Incentive Plan.

SEC source: 0001104659-20-036975 · a4.xml · nonDerivative · entry 2

NATHAN GILBERT E · CIK 0001657622 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,324

F2 · price: The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $5.8036 to $6.0743, inclusive on March 19, 2020. The Reporting Person undertakes to provide 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.

SEC source: 0001104659-20-036977 · a4.xml · nonDerivative · entry 1

Buttacavoli Thomas · CIK 0001689600 · Chief Investment Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 108,060

F1 · price: The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $6.30 to $6.35, inclusive on March 13, 2020. The Reporting Person undertakes to provide 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.

SEC source: 0001104659-20-036974 · a4.xml · nonDerivative · entry 1

REESE J MITCHELL · CIK 0001212662 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · J.Mitchell Reese Jr. Trust, UA 5/5/1999

Disclosed balance after: 62,028

F1 · price: The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $6.01 to $6.21, inclusive on March 18, 2020. The Reporting Person undertakes to provide 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.

F2 · balance_after: The reporting person owns the shares of Common Stock of the issuer through the J. Mitchell Reese Jr. Trust, UA 5/5/1999. The reporting person serves as the trustee and sole beneficiary of the trust and has sole voting and investment power with respect to the securities held by the trust.

SEC source: 0001104659-20-036976 · a4.xml · nonDerivative · entry 1

Sinai Todd M. · CIK 0001630507 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,528

F1 · price: The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $6.2249 to $6.3758, inclusive on March 18, 2020. The Reporting Person undertakes to provide 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.

SEC source: 0001104659-20-036975 · a4.xml · nonDerivative · entry 1

NATHAN GILBERT E · CIK 0001657622 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,324

F1 · price: The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $5.3657 to $5.369, inclusive on March 18, 2020. The Reporting Person undertakes to provide 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.

SEC source: 0001104659-20-035356 · a4.xml · nonDerivative · entry 1

Ross Jack J. · CIK 0001469109 · Director · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 145,797

F1 · price: The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $9.49 to $9.60, inclusive on March 16, 2020. The Reporting Person undertakes to provide 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.

F2 · balance_after: The Reporting Person owns the shares of Common Stock of the Issuer through the Mr. Jack J. Ross and Mrs. Robin J. Ross JTWROS, a joint tenant account of the Reporting Person and his wife.

SEC source: 0001104659-20-034888 · a4.xml · nonDerivative · entry 1

Buttacavoli Thomas · CIK 0001689600 · Chief Investment Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 98,060

F1 · price: The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $9.715 to $9.99, inclusive on March 13, 2020. The Reporting Person undertakes to provide 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.

SEC source: 0001104659-20-034891 · a4.xml · nonDerivative · entry 2

Capasse Thomas E · CIK 0001469065 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By Edward J. Capasse Revocable Trust

Disclosed balance after: 25,000

F2 · price: The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $9.835 to $10.82, inclusive on March 13, 2020. The Reporting Person undertakes to provide 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.

F3 · balance_after: These shares are held in a trust for the benefit of the Reporting Person's father. The Reporting Person's father is trustee of the trust. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

SEC source: 0001104659-20-034891 · a4.xml · nonDerivative · entry 1

Capasse Thomas E · CIK 0001469065 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 291,028

F1 · price: The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $9.86 to $10.82, inclusive on March 13, 2020. The Reporting Person undertakes to provide 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.

SEC source: 0001104659-20-032502 · a4.xml · nonDerivative · entry 1

FILIPPS FRANK P · CIK 0001188562 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 27,028

F1 · price: On March 10, 2020, the reporting person was awarded 6,268 shares of restricted Common Stock under the 2012 Ready Capital Corporation Equity Incentive Plan. The shares will vest in equal installments of one-quarter on March 31, 2020, June 30, 2020, September 30, 2020 and December 31, 2020.

SEC source: 0001104659-20-032494 · a4.xml · nonDerivative · entry 1

REESE J MITCHELL · CIK 0001212662 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · J.Mitchell Reese Jr. Trust, UA 5/5/1999

Disclosed balance after: 42,028

F1 · price: On March 10, 2020, the reporting person was awarded 6,268 shares of restricted Common Stock under the 2012 Ready Capital Corporation Equity Incentive Plan. The shares will vest in equal installments of one-quarter on March 31, 2020, June 30, 2020, September 30, 2020 and December 31, 2020.

F2 · balance_after: The reporting person owns the shares of Common Stock of the issuer through the J. Mitchell Reese Jr. Trust, UA 5/5/1999. The reporting person serves as the trustee and sole beneficiary of the trust and has sole voting and investment power with respect to the securities held by the trust.

SEC source: 0001104659-20-032498 · a4.xml · nonDerivative · entry 1

Holman David L. · CIK 0001637829 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 27,028

F1 · price: On March 10, 2020, the reporting person was awarded 6,268 shares of restricted Common Stock under the 2012 Ready Capital Corporation Equity Incentive Plan. The shares will vest in equal installments of one-quarter on March 31, 2020, June 30, 2020, September 30, 2020 and December 31, 2020.

SEC source: 0001104659-20-032500 · a4.xml · nonDerivative · entry 1

NATHAN GILBERT E · CIK 0001657622 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,324

F1 · price: On March 10, 2020, the reporting person was awarded 6,268 shares of restricted Common Stock under the 2012 Ready Capital Corporation Equity Incentive Plan. The shares will vest in equal installments of one-quarter on March 31, 2020, June 30, 2020, September 30, 2020 and December 31, 2020.

SEC source: 0001104659-20-032496 · a4.xml · nonDerivative · entry 1

Sinai Todd M. · CIK 0001630507 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,528

F1 · price: On March 10, 2020, the reporting person was awarded 6,268 shares of restricted Common Stock under the 2012 Ready Capital Corporation Equity Incentive Plan. The shares will vest in equal installments of one-quarter on March 31, 2020, June 30, 2020, September 30, 2020 and December 31, 2020.

SEC source: 0001104659-20-022857 · a4.xml · nonDerivative · entry 1

Ahlborn Andrew · CIK 0001778219 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,978

F1 · price: On February 14, 2020, the reporting person was awarded 10,698 shares of restricted Common Stock under the 2012 Ready Capital Corporation Equity Incentive Plan. The shares will vest in equal installments of one-third on February 14, 2021, February 14, 2022 and February 14, 2023. The reporting person will receive dividends on the unvested shares of restricted Common Stock.

F2 · balance_after: Includes 7,077 shares of unvested restricted Common Stock that were previously granted to the reporting person under the 2012 Ready Capital Corporation Equity Incentive Plan.

SEC source: 0001104659-20-022858 · a4.xml · nonDerivative · entry 1

Taylor Gary · CIK 0001773584 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,282

F1 · price: On February 14, 2020, the reporting person was awarded 15,282 shares of restricted Common Stock under the 2012 Ready Capital Corporation Equity Incentive Plan. The shares will vest in equal installments of one-third on February 14, 2021, February 14, 2022 and February 14, 2023. The reporting person will receive dividends on the unvested shares of restricted Common Stock.

SEC source: 0001104659-19-035431 · a4.xml · nonDerivative · entry 1

NATHAN GILBERT E · CIK 0001657622 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,056

F1 · price: On June 11, 2019, the reporting person was awarded 4,056 shares of restricted Common Stock under the 2012 Ready Capital Corporation Equity Incentive Plan. The shares will vest in equal installments of one-third on June 30, 2019, September 30, 2019 and December 31, 2019.

SEC source: 0001104659-19-030293 · a4.xml · nonDerivative · entry 3

Sinai Todd M. · CIK 0001630507 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,260

F2 · price: The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $14.7399 to $14.74, inclusive on May 15, 2019. The Reporting Person undertakes to provide 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.

SEC source: 0001104659-19-030293 · a4.xml · nonDerivative · entry 2

Sinai Todd M. · CIK 0001630507 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,760