LUEBBERS KEVIN M

SEC source: 0001104659-24-031582 · tm248163-1_4seq1.xml · nonDerivative · entry 1

LUEBBERS KEVIN M · CIK 0001191838 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 119,925

F1 · price: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.425 to $8.4299. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (1) to this Form 4.

SEC source: 0001104659-24-027776 · tm246309-12_4seq1.xml · nonDerivative · entry 1

LUEBBERS KEVIN M · CIK 0001191838 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 114,925

F1 · shares: On February 22, 2024, the reporting person was awarded 12,693 shares of restricted Common Stock under the Ready Capital Corporation 2023 Equity Incentive Plan. The shares will vest in equal installments of one-quarter on March 31, 2024, June 30, 2024, September 30, 2024 and December 31, 2024.

SEC source: 0001104659-23-068239 · tm2317644-5_4seq1.xml · nonDerivative · entry 1

LUEBBERS KEVIN M · CIK 0001191838 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 102,232

F1 · shares: On June 1, 2023, the reporting person was awarded 6,545 shares of restricted Common Stock under the 2013 Ready Capital Corporation Equity Incentive Plan. 935 shares will vest on June 30, 2023, 2,805 shares will vest on September 30, 2023, and the remaining 2,805 shares will vest on December 31, 2023.

SEC source: 0001140361-23-028047 · form4.xml · derivative · entry 2

LUEBBERS KEVIN M · CIK 0001191838 · Director · Interim President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 259 shares

Expires 2024-11-14

F1 · kind: Pursuant to the Agreement and Plan of Merger, dated as of February 26, 2023 (the "Agreement"), by and among Ready Capital Corporation, a Maryland corporation ("Parent"), RCC Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of Parent ("Merger Sub"), and the Issuer, effective May 31, 2023 (the "Effective Time"), the Issuer was merged with and into Merger Sub with Merger Sub continuing as the surviving company and a subsidiary of Parent.

F5 · kind: Pursuant to the Agreement, following the Effective Time, each Issuer warrant representing the right to purchase shares of Common Stock ("Warrants") remained outstanding and entitles the Reporting Person to receive, upon the exercise of such Warrants, the number of shares of Parent Common Stock equal to the product of (i) the number of shares of Common Stock subject to such Warrants immediately prior to the Effective Time and (ii) the Exchange Ratio, on the same terms and conditions as were applicable to such Warrants as of immediately prior to the Effective Time.

F1 · price: Pursuant to the Agreement and Plan of Merger, dated as of February 26, 2023 (the "Agreement"), by and among Ready Capital Corporation, a Maryland corporation ("Parent"), RCC Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of Parent ("Merger Sub"), and the Issuer, effective May 31, 2023 (the "Effective Time"), the Issuer was merged with and into Merger Sub with Merger Sub continuing as the surviving company and a subsidiary of Parent.

F5 · price: Pursuant to the Agreement, following the Effective Time, each Issuer warrant representing the right to purchase shares of Common Stock ("Warrants") remained outstanding and entitles the Reporting Person to receive, upon the exercise of such Warrants, the number of shares of Parent Common Stock equal to the product of (i) the number of shares of Common Stock subject to such Warrants immediately prior to the Effective Time and (ii) the Exchange Ratio, on the same terms and conditions as were applicable to such Warrants as of immediately prior to the Effective Time.

SEC source: 0001140361-23-028047 · form4.xml · nonDerivative · entry 1

LUEBBERS KEVIN M · CIK 0001191838 · Director · Interim President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

F1 · kind: Pursuant to the Agreement and Plan of Merger, dated as of February 26, 2023 (the "Agreement"), by and among Ready Capital Corporation, a Maryland corporation ("Parent"), RCC Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of Parent ("Merger Sub"), and the Issuer, effective May 31, 2023 (the "Effective Time"), the Issuer was merged with and into Merger Sub with Merger Sub continuing as the surviving company and a subsidiary of Parent.

F2 · kind: Pursuant to the Agreement, at the Effective Time, each one share of the Issuer's common stock ("Common Stock") issued and outstanding immediately prior to the Effective Time was converted into the right to 0.47233 shares (the "Exchange Ratio") of Parent's common stock ("Parent Common Stock"), with fractional shares paid out in cash.

F4 · kind: Pursuant to the Agreement, at the Effective Time, each Issuer RSU outstanding, whether vested or unvested, was assumed by Parent and converted into an award of RSUs with respect to a number of shares of Parent Common Stock equal to the product of (i) the total number of shares of Common Stock subject to such RSUs as of immediately prior to the Effective Time and (ii) the Exchange Ratio (rounded to the nearest whole share), on the same terms and conditions as were applicable to such RSUs as of immediately prior to the Effective Time.

F3 · shares: Includes 79,106 restricted stock units ("RSUs") unvested immediately prior to the Effective Time. Each RSU represented a contingent right to receive one share of Common Stock upon vesting.

F1 · price: Pursuant to the Agreement and Plan of Merger, dated as of February 26, 2023 (the "Agreement"), by and among Ready Capital Corporation, a Maryland corporation ("Parent"), RCC Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of Parent ("Merger Sub"), and the Issuer, effective May 31, 2023 (the "Effective Time"), the Issuer was merged with and into Merger Sub with Merger Sub continuing as the surviving company and a subsidiary of Parent.

F2 · price: Pursuant to the Agreement, at the Effective Time, each one share of the Issuer's common stock ("Common Stock") issued and outstanding immediately prior to the Effective Time was converted into the right to 0.47233 shares (the "Exchange Ratio") of Parent's common stock ("Parent Common Stock"), with fractional shares paid out in cash.

F4 · price: Pursuant to the Agreement, at the Effective Time, each Issuer RSU outstanding, whether vested or unvested, was assumed by Parent and converted into an award of RSUs with respect to a number of shares of Parent Common Stock equal to the product of (i) the total number of shares of Common Stock subject to such RSUs as of immediately prior to the Effective Time and (ii) the Exchange Ratio (rounded to the nearest whole share), on the same terms and conditions as were applicable to such RSUs as of immediately prior to the Effective Time.

SEC source: 0000950138-22-000233 · edgar.xml · nonDerivative · entry 1

LUEBBERS KEVIN M · CIK 0001191838 · Director · Interim President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 202,588

F1 · shares: Represents a grant of 66,056 restricted stock units ("RSUs") to Mr. Luebbers that will vest on November 9, 2023, subject to Mr. Luebbers continued employment or continued service on the board of directors through the vesting date. Each RSU represents the right to receive one share of the Issuer's common stock upon vesting.

SEC source: 0000950138-22-000163 · edgar.xml · nonDerivative · entry 1

LUEBBERS KEVIN M · CIK 0001191838 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 136,532

F1 · shares: Represents a grant of 13,050 restricted stock units ("RSUs") that will vest on the earlier to occur of (1) the one year anniversary of the date of the grant and (2) the election of directors at the first annual meeting of the Issuer's stockholders occurring after the date of the grant, with vesting accelerated in the event of death or disability or termination of service in connection with or within twenty-four (24) months following a change in control. Each RSU represents the right to receive one share of the Issuer's common stock upon vesting.

SEC source: 0000950138-21-000339 · edgar.xml · nonDerivative · entry 1

LUEBBERS KEVIN M · CIK 0001191838 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 123,482

F1 · shares: Represents a grant of 8,227 restricted stock units ("RSUs") that will vest on the earlier to occur of (1) the one year anniversary of the date of the grant and (2) the election of directors at the first annual meeting of the Issuer's stockholders occurring after the date of the grant, with vesting accelerated in the event of death or disability or termination of service without cause in connection with or within twenty-four (24) months following a change in control. Each RSU represents the right to receive one share of the Issuer's common stock upon vesting.

SEC source: 0000950138-20-000485 · edgar.xml · nonDerivative · entry 1

LUEBBERS KEVIN M · CIK 0001191838 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 115,255

F1 · price: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.00 to $10.06, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth within this footnote (1) to this Form 4.

SEC source: 0000950138-20-000294 · edgar.xml · nonDerivative · entry 1

LUEBBERS KEVIN M · CIK 0001191838 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,950

F1 · shares: Represents a grant of 9,337 restricted stock units ("RSUs") that will vest on the earlier to occur of (1) the one year anniversary of the date of the grant and (2) the election of directors at the first annual meeting of the Issuer's stockholders occurring after the date of the grant, with vesting accelerated in the event of death or disability or termination of service in connection with a change in control. Each RSU represents the right to receive one share of the Issuer's common stock upon vesting.

F2 · balance_after: Mr. Luebbers served as a consultant to Trinity Real Estate Investments LLC ("Trinity Investments") from October 2019 to November 2019, pursuant to a consulting agreement. Mr. Luebbers's consulting agreement provides for a success fee payable by Trinity Investments to Mr. Luebbers in connection with the completion of the Issuer's business combination on November 14, 2019, pursuant to which Mr. Luebbers will receive 137,305 shares of the Issuer's common stock (the "Common Stock") and 259 warrants to acquire one share of Common Stock (the "Warrants") issued by the Issuer held by HN Investors LLC and expected to be transferred to Trinity Investments following the expiration of the lock-up agreement to which HN Investors LLC is a party.

F3 · balance_after: These shares of Common Stock and the Warrants are expected to represent, in the aggregate, a less than 1% beneficial ownership interest by Mr. Luebbers in the Issuer. Instead of transferring these securities to Mr. Luebbers, Trinity Investments may, at its election, pay the success fee in cash in an amount equal to the value of these securities.

SEC source: 0000950138-20-000179 · edgar.xml · nonDerivative · entry 4

LUEBBERS KEVIN M · CIK 0001191838 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 28,613

F1 · balance_after: Mr. Luebbers served as a consultant to Trinity Real Estate Investments LLC ("Trinity Investments") from October 2019 to November 2019, pursuant to a consulting agreement. Mr. Luebbers's consulting agreement provides for a success fee payable by Trinity Investments to Mr. Luebbers in connection with the completion of the Issuer's business combination on November 14, 2019, pursuant to which Mr. Luebbers will receive 137,305 shares of the Issuer's common stock (the "Common Stock") and 259 warrants (the "Warrants") issued by the Issuer held by HN Investors LLC and expected to be transferred to Trinity Investments following the expiration of the lock-up agreement to which HN Investors LLC is a party.

F2 · balance_after: These shares of Common Stock and the Warrants are expected to represent, in the aggregate, a less than 1% beneficial ownership interest by Mr. Luebbers in the Issuer. Instead of transferring these securities to Mr. Luebbers, Trinity Investments may, at its election, pay the success fee in cash in an amount equal to the value of these securities.

SEC source: 0000950138-20-000179 · edgar.xml · nonDerivative · entry 3

LUEBBERS KEVIN M · CIK 0001191838 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,613

F1 · balance_after: Mr. Luebbers served as a consultant to Trinity Real Estate Investments LLC ("Trinity Investments") from October 2019 to November 2019, pursuant to a consulting agreement. Mr. Luebbers's consulting agreement provides for a success fee payable by Trinity Investments to Mr. Luebbers in connection with the completion of the Issuer's business combination on November 14, 2019, pursuant to which Mr. Luebbers will receive 137,305 shares of the Issuer's common stock (the "Common Stock") and 259 warrants (the "Warrants") issued by the Issuer held by HN Investors LLC and expected to be transferred to Trinity Investments following the expiration of the lock-up agreement to which HN Investors LLC is a party.

F2 · balance_after: These shares of Common Stock and the Warrants are expected to represent, in the aggregate, a less than 1% beneficial ownership interest by Mr. Luebbers in the Issuer. Instead of transferring these securities to Mr. Luebbers, Trinity Investments may, at its election, pay the success fee in cash in an amount equal to the value of these securities.

SEC source: 0000950138-20-000179 · edgar.xml · nonDerivative · entry 2

LUEBBERS KEVIN M · CIK 0001191838 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,613

F1 · balance_after: Mr. Luebbers served as a consultant to Trinity Real Estate Investments LLC ("Trinity Investments") from October 2019 to November 2019, pursuant to a consulting agreement. Mr. Luebbers's consulting agreement provides for a success fee payable by Trinity Investments to Mr. Luebbers in connection with the completion of the Issuer's business combination on November 14, 2019, pursuant to which Mr. Luebbers will receive 137,305 shares of the Issuer's common stock (the "Common Stock") and 259 warrants (the "Warrants") issued by the Issuer held by HN Investors LLC and expected to be transferred to Trinity Investments following the expiration of the lock-up agreement to which HN Investors LLC is a party.

F2 · balance_after: These shares of Common Stock and the Warrants are expected to represent, in the aggregate, a less than 1% beneficial ownership interest by Mr. Luebbers in the Issuer. Instead of transferring these securities to Mr. Luebbers, Trinity Investments may, at its election, pay the success fee in cash in an amount equal to the value of these securities.

SEC source: 0000950138-20-000179 · edgar.xml · nonDerivative · entry 1

LUEBBERS KEVIN M · CIK 0001191838 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,613

F1 · balance_after: Mr. Luebbers served as a consultant to Trinity Real Estate Investments LLC ("Trinity Investments") from October 2019 to November 2019, pursuant to a consulting agreement. Mr. Luebbers's consulting agreement provides for a success fee payable by Trinity Investments to Mr. Luebbers in connection with the completion of the Issuer's business combination on November 14, 2019, pursuant to which Mr. Luebbers will receive 137,305 shares of the Issuer's common stock (the "Common Stock") and 259 warrants (the "Warrants") issued by the Issuer held by HN Investors LLC and expected to be transferred to Trinity Investments following the expiration of the lock-up agreement to which HN Investors LLC is a party.

F2 · balance_after: These shares of Common Stock and the Warrants are expected to represent, in the aggregate, a less than 1% beneficial ownership interest by Mr. Luebbers in the Issuer. Instead of transferring these securities to Mr. Luebbers, Trinity Investments may, at its election, pay the success fee in cash in an amount equal to the value of these securities.

SEC source: 0001140361-20-002406 · form4.xml · nonDerivative · entry 1

LUEBBERS KEVIN M · CIK 0001191838 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,613

F1 · shares: Represents a grant to Mr. Luebbers of 8,613 restricted stock units ("RSUs") that vest in full on November 14, 2020. Each RSU represents the right to receive one share of the Issuer's common stock upon vesting.

F2 · balance_after: Mr. Luebbers served as a consultant to Trinity Real Estate Investments LLC ("Trinity Investments") from October 2019 to November 2019, pursuant to a consulting agreement. Mr. Luebbers's consulting agreement provides for a success fee payable by Trinity Investments to Mr. Luebbers in connection with the completion of the Issuer's business combination on November 14, 2019, pursuant to which Mr. Luebbers will receive 137,305 shares of the Issuer's common stock (the "Common Stock") and 259 warrants (the "Warrants") issued by the Issuer held by HN Investors LLC and expected to be transferred to Trinity Investments following the expiration of the lock-up agreement to which HN Investors LLC is a party.

F3 · balance_after: These shares of Common Stock and the Warrants are expected to represent, in the aggregate, a less than 1% beneficial ownership interest by Mr. Luebbers in the Issuer. Instead of transferring these securities to Mr. Luebbers, Trinity Investments may, at its election, pay the success fee in cash in an amount equal to the value of these securities.