Ready Capital Corp 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Share Repurchase Program On January 16, 2025, our Board approved a new share repurchase program, replacing the previous program, authorizing, but not obligating the repurchase of up to $150.0 million of our common stock. Repurchases under the stock repurchase programs may be made at management’s discretion from time to time on the open market, in privately negotiated transactions or otherwise, in each case subject to compliance with all Securities and Exchange Commission rules and other legal requirements and may be made in part under one or more Rule 10b5-1 and Rule 10b-18 plans, which permit stock repurchases at times when we might otherwise be precluded from doing so. The timing and amount of repurchase transactions will be determined by our management based on its evaluation of market conditions, share price, legal requirements and other factors. The table below presents purchases of our common stock during the quarter. Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Programs Maximum Shares (or Approximate Dollar Value) That May Yet Be Purchased Under the Program April — $ — — $ 82,770,332 May 100,843 1.63 — 82,770,332 June — — — 82,770,332 Total 100,843 (1) $ 1.63 (2) — $ 82,770,332 (1) Total shares purchased includes 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 and other equity awards. (2) The price paid per share is based on the price of our common stock as of the date of the withholding. Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures Not applicable.