Ready Capital Corp 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds ​ Share Repurchase Program ​ On March 6, 2018, the Company's Board of Directors approved a share repurchase program authorizing, but not obligating, the repurchase of up to $20.0 million of its common stock, which was increased by an additional $5 million on August 4, 2020, bringing the total authorized and available under the program to $25 million. The Company expects to acquire shares through open market or privately negotiated transactions. The timing and amount of repurchase transactions will be determined by the Company’s management based on its evaluation of market conditions, share price, legal requirements and other factors. ​ The table below presents shares of common stock owned by certain of our employees which have been surrendered by them to satisfy their tax and other compensation related withholdings associated with the vesting of restricted stock units during the quarter. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Shares Purchased ​ ​ Average Price Paid per Share ​ Total Number of Shares Purchased as Part of Publicly Announced Program ​ ​ Maximum Shares (or Approximate Dollar Value) That May Yet Be Purchased Under the Program January ​ 41,255 ​ ​ 15.63 ​ 41,255 ​ ​ 13,062,795 February ​ 35,884 ​ ​ 14.19 ​ 35,884 ​ ​ 12,553,601 March ​ 7,088 ​ ​ 15.39 ​ 7,088 ​ ​ 12,444,516 Total ​ 84,227 ​ $ 15.00 (1) ​ 84,227 ​ $ 12,444,516 (1) The price paid per share is based on the price of our common stock as of the date of the withholding. ​ ​ ​ Item 3. Default Upon Senior Securities ​ None. ​ ​ Item 4. Mine Safety Disclosures ​ Not applicable. ​ ​ 95 Table of Contents