Form 4: Ready Capital Corp CEO Thomas Capasse Increases Stake in Company

CEO Thomas Capasse reports purchasing shares of Ready Capital Corp, increasing his direct and indirect holdings.

Summary

• On March 5, 2025, Thomas E. Capasse, CEO and CIO of Ready Capital Corp, purchased 10,000 shares of common stock at a weighted average price of $4.798.
• The prices for these shares ranged from $4.795 to $4.7999.
• Following this transaction, Capasse directly owns 319,925 shares of common stock.
• On March 6, 2025, Capasse purchased an additional 90,000 shares of common stock at a weighted average price of $4.99, with prices ranging from $4.865 to $5.04.
• Following this transaction, Capasse directly owns 409,925 shares of common stock.
• Capasse also directly owns 20,000 shares of 6.50% Series E Cumulative Redeemable Preferred Stock.
• Additionally, Capasse indirectly owns 73,409 shares of common stock through Waterfall Asset Management, LLC.
• Capasse may be deemed to share voting and investment power over 7,034,717 shares of Common Stock held by Sutherland REIT Holdings, LP, where Waterfall Management, LLC serves as the general partner.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive due to the CEO's increased investment in the company, which can be interpreted as a sign of confidence. However, it's a routine Form 4 filing.

Positives

• The CEO's purchase of shares may signal confidence in the company's future performance.

Industry Context

Insider buying is often seen as a positive sign, suggesting that company leadership believes the stock is undervalued or that the company is expected to perform well.

Stakeholder Impact

• Shareholders may view the CEO's stock purchase as a positive signal.

Key Dates