{"url_path":"/sec/rc-pe/10-q/2026/item-5","section_key":"item-5","section_title":"Item 5 Other Information","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":290,"has_tables":true,"body_markdown":"Item 5. Other Information\n\nOn May 6, 2026, Adam Zausmer and the Company entered into a Separation and Consulting Agreement (the “Zausmer\n\nAgreement”) in connection with the previously announced mutual separation of Mr. Zausmer and the Company on\n\nFebruary 26, 2026 (the “Separation Date”). Under the Zausmer Agreement and in connection with Mr. Zausmer’s past\n\nservice to the Company, Mr. Zausmer is entitled to receive a one-time cash payment of $1,250,000, full reimbursement\n\nof COBRA premiums for himself and his eligible dependents for up to 18 months, starting from the Separation Date,\n\nsubject to certain customary exceptions, and reimbursement of up to $15,000 in legal fees. Mr. Zausmer is also entitled\n\nto the accelerated vesting, as of the Separation Date, of the 128,990 shares of time-based RSAs and 133,436\n\nperformance-based RSUs (at target) that he had as of the Separation Date. Under the Zausmer Agreement, Mr. Zausmer\n\nhas agreed to provide consulting services to the Company as an independent contractor from the Separation Date through\n\nAugust 31, 2026, for which Mr. Zausmer is entitled to receive cash payment of $700,000, subject to certain customary\n\nexceptions. The Zausmer Agreement also contains a customary release of claims and reaffirmation of protective\n\ncovenants by Mr. Zausmer in favor of the Company. The foregoing summary of the Zausmer Agreement is not complete\n\nand is qualified in its entirety by reference to the full text of the Zausmer Agreement, a copy of which is filed as Exhibit\n\n10.1 to this Form 10-Q and incorporated by reference herein.\n\nNone of our officers and directors entered into, modified or terminated any “Rule 10b5-1 trading arrangements” or “non-\n\nRule 10b5-1 trading arrangements” (each as defined in Item 408(c) of Regulation S-K) during the quarter ended\n\nMarch 31, 2026."}