Ready Capital Corp

Other Information

On May 6, 2026, Adam Zausmer and the Company entered into a Separation and Consulting Agreement (the “Zausmer

Agreement”) in connection with the previously announced mutual separation of Mr. Zausmer and the Company on

February 26, 2026 (the “Separation Date”). Under the Zausmer Agreement and in connection with Mr. Zausmer’s past

service to the Company, Mr. Zausmer is entitled to receive a one-time cash payment of $1,250,000, full reimbursement

of COBRA premiums for himself and his eligible dependents for up to 18 months, starting from the Separation Date,

subject to certain customary exceptions, and reimbursement of up to $15,000 in legal fees. Mr. Zausmer is also entitled

to the accelerated vesting, as of the Separation Date, of the 128,990 shares of time-based RSAs and 133,436

performance-based RSUs (at target) that he had as of the Separation Date. Under the Zausmer Agreement, Mr. Zausmer

has agreed to provide consulting services to the Company as an independent contractor from the Separation Date through

August 31, 2026, for which Mr. Zausmer is entitled to receive cash payment of $700,000, subject to certain customary

exceptions. The Zausmer Agreement also contains a customary release of claims and reaffirmation of protective

covenants by Mr. Zausmer in favor of the Company. The foregoing summary of the Zausmer Agreement is not complete

and is qualified in its entirety by reference to the full text of the Zausmer Agreement, a copy of which is filed as Exhibit

10.1 to this Form 10-Q and incorporated by reference herein.

None of our officers and directors entered into, modified orterminated any “Rule 10b5-1 trading arrangements” or “non-

Rule 10b5-1 trading arrangements” (each as defined in Item 408(c) of Regulation S-K) during the quarter ended

March 31, 2026.

Item 6.