X0306 4 2020-06-25 0 0001577670 Ladder Capital Corp LADR 0001473250 McCormack Pamela C/O LADDER CAPITAL CORP 345 PARK AVE, 8TH FL NEW YORK, NY 10154 1 1 0 0 President Class A Common Stock 2020-06-25 4 C 0 327691 A 593985 D Class A Common Stock 253600 I By McCormack Investors LLC Units and Class B Common Stock 2020-06-25 4 C 0 327691 D Class A Common Stock 327691 0 D The reporting person converted 327,691 shares of Class B Common Stock and an equal number of Ladder Capital Finance Holdings LLLP ("LCFH") units into 327,691 shares of Class A Common Stock. Holders of LCFH units and Class B Common Stock may from time to time exchange such units paired with an equal number of shares of Class B Common Stock for shares of Class A Common Stock on a one-for-one basis, subject to customary conversion rate adjustments for stock splits, stock dividends, and reclassifications. The units and Class B Common Stock together are convertible at the holder's election at any time, and the conversion right has no expiration date. The Reporting Person disclaims beneficial ownership of the shares held by McCormack Investors LLC, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of shares held by McCormack Investors LLC for purposes of Section 16 or for any other purpose. /s/ Michelle Wallach, as Attorney-in-Fact for Pamela McCormack 2020-06-26