{"url_path":"/sec/rc-pe/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1527590/0001628280-26-032982-index.html","accession_number":"0001628280-26-032982","cik":"0001527590","ticker":"RC","issuer_name":"Ready Capital Corp","edgar_url":"https://www.sec.gov/Archives/edgar/data/1527590/0001628280-26-032982-index.html","primary_entity_key":"0001527590","primary_entity_name":"Ready Capital Corp"},"word_count":277,"has_tables":true,"body_markdown":"Item 2. Unregistered Sales of Equity Securities and Use of Proceeds\n\nShare Repurchase Program\n\nOn January 16, 2025, our Board approved a new share repurchase program, replacing the previous program, authorizing,\n\nbut not obligating the repurchase of up to $150.0 million of our common stock. Repurchases under the stock repurchase\n\nprograms may be made at management’s discretion from time to time on the open market, in privately negotiated\n\ntransactions or otherwise, in each case subject to compliance with all Securities and Exchange Commission rules and\n\nother legal requirements and may be made in part under one or more Rule 10b5-1 and Rule 10b-18 plans, which permit\n\nstock repurchases at times when we might otherwise be precluded from doing so. The timing and amount of repurchase\n\ntransactions will be determined by our management based on its evaluation of market conditions, share price, legal\n\nrequirements and other factors.\n\nThe table below presents purchases of our common stock during the quarter.\n\nTotal Number of Shares\n\nPurchased\n\nAverage Price Paid per\n\nShare\n\nTotal Number of Shares\n\nPurchased as Part of Publicly\n\nAnnounced Programs\n\nMaximum Shares (or Approximate\n\nDollar Value) That May Yet Be\n\nPurchased Under the Program\n\nJanuary\n\n—\n\n$—\n\n—\n\n$82,770,332\n\nFebruary\n\n127,141\n\n1.74\n\n—\n\n82,770,332\n\nMarch\n\n87,631\n\n1.74\n\n—\n\n82,770,332\n\nTotal\n\n214,772\n\n(1)\n\n$1.74\n\n(2)\n\n—\n\n$82,770,332\n\n(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\n\ncompensation related withholdings associated with the vesting of restricted stock units and other equity awards.\n\n(2)The price paid per share is based on the price of our common stock as of the date of the withholding."}