SCHEDULE 13D/A 0000904853 XXXXXXXX LIVE 2 COMMON STOCK PAR VALUE $0.0001 PER SHARE 11/07/2025 false 0001527590 75574U101 Ready Capital Corp

1251 AVENUE OF THE AMERICAS 50TH FLOOR NEW YORK NY 10020

HOWARD AMSTER 2165951047 521 35TH ST WEST PALM BEACH FL 33407 0000904853 N Amster Howard a PF N X1 13227973.00 1014992.00 13227973.00 1014992.00 14242965.00 N 8.8 IN *Mr. Amster is deemed to be the beneficial owner of (i) 3,879,550 shares that are owned directly by Mr. Amster; (ii) 3,756,378 shares that are owned in the aggregate by Pleasant Lake Apartments Corp., Pleasant Lake Apartments Limited Partnership, and Laughlin Holdings, LLC, all joint filers, over which Mr. Amster has sole voting and dispositive power; (iii) 4,553,318 shares that are owned in the aggregate by the trusts jointly filing herewith, over which, as sole trustee, Mr. Amster has sole voting and dispositive power; (iv) the 569,845 shares that are owned by the Howard Amster Foundation over which, Mr. Amster, as President, has sole voting and dispositive power; (v) 468,882 shares that are owned by Amster Limited Partnership, which Mr. Amster, as sole General Partner, has sole voting and dispositive power; (vi) 323,040 shares that are owned by Ramat Securities, Ltd., which Mr. Amster, as authorized representative and majority member, has sole voting and dipositive power; (vii) 19,055 shares that are owned by NewAx Inc., which Mr. Amster, as a member of the Board of Directors and majority shareholder, has shared voting and dispositive power; (viii) 497,613 shares owned by Pleasant Lake Skoien Investments LLC, which Mr. Amster, as President of Pleasant Lake Apartments Corp., the General Partner of Pleasant Lake Apartments LP, the Managing Member of Pleasant Lake Apartments LLC which is the Managing Member of Pleasant Lake Skoien Investments LLC, has shared voting and dispositive power and (ix) 175,2884 shares owned by Horizon Group Properties Inc., which Mr. Amster, as the majority owner has shared voting and dispositive power. **Denominator is based on the 162,126,276 shares of common stock outstanding as of November 6, 2025 as reported by the Issuer on Form 10-Q for the period ending September 30, 2025, as filed with the Securities and Exchange Commission on November 7, 2025. N PLEASANT LAKE APARTMENTS LIMITED PARTNERSHIP a WC N OH 2597466.00 0.00 2597466.00 0.00 2597466.00 N 1.6 PN * See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster. N HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #1 U/A DTD 05/20/2019 a WC N OH 2512951.00 0.00 2512951.00 0.00 2512951.00 N 1.7 OO * See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster. N HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #2 U/A DTD 05/20/2019 a WC N OH 497449.00 0.00 497449.00 0.00 497449.00 N 0.3 OO * See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster. N HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #3 U/A DTD 05/20/2019 a WC N OH 260525.00 0.00 260525.00 0.00 260525.00 N 0.2 OO * See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster. N HOWARD AMSTER 2019 CHARITABLE REMAINER UNITURST #4 U/A 05/20/2019 a WC N OH 211937.00 0.00 211937.00 0.00 211937.00 N 0.1 OO * See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster. N AMSTER LIMITED PARTNERSHIP a WC N OH 468882.00 0.00 468882.00 0.00 468882.00 N 0.3 PN * See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster. N HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #7 U/A DTD 05/20/2019 a WC N OH 4307.00 0.00 4307.00 0.00 4307.00 N 0.0 OO * See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster. N LAUGHLIN HOLDINGS LLC a WC N DE 1115981.00 0.00 1115981.00 0.00 1115981.00 N 0.7 PN * See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster. N RAMAT SECURITIES LTD a WC N OH 0.00 323040.00 0.00 323040.00 323040.00 N 0.2 PN * See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster. N HOWARD AMSTER 2021 CHARITABLE REMAINDER UNITRUST #3 U/A DTD 11/23/2021 a WC N OH 562008.00 0.00 562008.00 0.00 562008.00 N 0.4 OO * See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster. N PLEASANT LAKE APARTMENTS CORP a WC N OH 2931.00 0.00 2931.00 0.00 2931.00 N 0.0 CO * See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster. N HOWARD AMSTER 2022 CHARITABLE REMAINDER UNITRUST #1 U/A DTD 03/09/2022 a WC N 102767.00 0.00 102767.00 0.00 102767.00 N 0.1 OO * See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster. N HOWARD AMSTER FOUNDATION a WC N OH 590487.00 0.00 590487.00 0.00 590487.00 N CO * See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster. N NEWAX INC a WC N DE 0.00 19055.00 0.00 19055.00 19055.00 N CO * See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster. N PLEASANT LAKE SKOIEN INVESTMENTS LLC a WC N DE 0.00 497613.00 0.00 497613.00 497613.00 N 0.3 PN * See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster. N HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #5 U/A DTD 05/20/2019 a WC N OH 41130.00 0.00 41130.00 0.00 41130.00 N 0.0 OO * See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster. N HOWARD AMSTER 2021 CHARITABLE REMAINDER #1 UNITRUST U/A DTD 08/10/2021 a WC N OH 47857.00 0.00 47857.00 0.00 47857.00 N 0.0 OO * See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster. N HOWARD AMSTER 2021 CHARITABLE REMAINDER UNITRUST #2 U/A DTD 08/10/2021 a WC N OH 2216.00 0.00 2216.00 0.00 2216.00 N 0.0 OO * See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster. N HOWARD AMSTER & TAMRA GOULD CHARITABLE REMAINDER UNITRUST U/A DTD 03/18/1993 a WC N OH 771.00 0.00 771.00 0.00 771.00 N 0.0 OO * See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster. N HOWARD AMSTER CHARITABLE REMAINDER UNITRUST U/A DTD 04/22/1998 a WC N OH 5534.00 0.00 5534.00 0.00 5534.00 N 0.0 OO * See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster. N HOWARD AMSTER CHARITABLE REMAINDER UNITRUST U/A DTD 01/11/2005 a WC N OH 3866.00 0.00 3866.00 0.00 3866.00 N 0.0 OO * See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster. N HORIZON GROUP PROPERTIES INC. a WC N DE 0.00 175284.00 0.00 175284.00 175284.00 N 0.1 CO * See the footnote marked with a * to cover page for Mr. Amster. ** See the footnote marked with a ** to cover page for Mr. Amster. COMMON STOCK PAR VALUE $0.0001 PER SHARE Ready Capital Corp 1251 AVENUE OF THE AMERICAS 50TH FLOOR NEW YORK NY 10020 This Amendment No. 2 to Schedule 13D (Amendment No. 2) amends the Reporting Persons initial Schedule 13D filed August 5,2025 (the Initial 13D) and Amendment No. 1 filed August 28, 2025 (Amendment No. 1) with respect to the Common Shares (the Common Stock) of Ready Capital Corporation (the Issuer). Except as specifically amended by this Amendment No. 2 and noted in the paragraphs below, the Initial 13D is unchanged. Unless otherwise indicated, each capitalized item used but not specifically defined herein shall have the meaning ascribed to such item in the Initial 13D and Amendment No. 1. Item 5 of the Initial 13D is hereby amended and restated in its entirety to read as follows: (a) See Items 11 and 13 of the cover pages of this Schedule 13D, as amended, which Items are incorporated herein by reference, for the aggregate number of shares and percentage of the shares of Common Stock identified pursuant to Item 1 beneficially owned by each of the Reporting Persons (b) See items 7, 8, 9, and 10 of the cover pages to this Schedule 13D, as amended, which Items are incorporated herein by reference, for the aggregate number and percentage of the shares of the Common Stock beneficially owned by each of the Reporting Persons as to which there is sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition of such shares of the Common Stock. (c) The following table sets forth all transactions with respect to the shares of Common Stock effected during the past sixty (60) days by any of the Reporting Persons, inclusive of any transactions effected through 5:00 p.m., New York City time, on November 10, 2025. All transactions were purchases and were conducted on the open market. If the shares were purchased in multiple transactions on a single trading day, the price per share reported is the weighted average price. Date Shares Purchased Per Share Total Price Purchaser 09/10/25 365 $4.14 $1,543 Pleasant Lake Apartments Corp* 09/10/25 3,350 $4.16 $13,966 Howard Amster 2019 CRUT 3* 09/10/25 2,736 $4.16 $11,141 Howard Amster 2019 CRUT 4* 09/10/25 4,024 $4.16 $16,769 Howard Amster 2019 CRUT 2* 09/10/25 1,005 $4.15 $4,201 Howard Amster 2021 CRUT 1* 09/10/25 392 $4.14 $1,654 Howard Amster 2022 CRUT 1* 09/10/25 543 $4.14 $2,279 Amster Limited Partnership* 09/12/25 100,000 $4.19 $420,673 Laughlin Holdings LLC** 09/15/25 1,573 $4.24 $6,670 Howard Amster*** 09/16/25 387,450 $4.34 $1,680,649 Howard Amster 2019 CRUT 2**** 09/17/25 128,000 $4.29 $549,907 Howard Amster 2019 CRUT 3***** 09/17/25 62,400 $4.39 $274,217 Howard Amster 2019 CRUT 2***** 09/18/25 89,000 $4.31 $383,454 Howard Amster 2019 CRUT 2****** 09/18/25 21,900 $4.31 $94,498 Howard Amster 2021 CRUT 1****** 09/19/25 102,600 $4.35 $446,409 Howard Amster 2019 CRUT 4******* 09/30/25 178,579 $3.87 $691,714 Howard Amster******** 10/10/25 760 $3.47 $2,667 Pleasant Lake Apartments Corp********* 10/10/25 426 $3.44 $1,497 Howard Amster and Tamra Gould 1993 CRUT********* 10/10/25 5,279 $3.51 $18,560 Howard Amster********** 10/10/25 1,720 $3.47 $5,991 Horizon Group Properties Inc.********* 10/10/25 392 $3.44 $1,380 Howard Amster 1998 CRUT********** 10/10/25 1,012 $3.45 $3,521 Howard Amster 2005 CRUT********** 10/10/25 1,855 $3.47 $6,468 Howard Amster 2019 CRUT 1********** 10/10/25 2,114 $3.46 $7,335 Howard Amster 2019 CRUT 4********** 10/10/25 413 $3.46 $1,460 Howard Amster 2019 CRUT 7********** 10/10/25 647 $3.46 $2,268 Howard Amster 2019 CRUT 5********** 10/10/25 9,000 $3.50 $31,531 Howard Amster Foundation********** 10/10/20 1,107 $3.47 $3,867 Howard Amster 2021 CRUT 1********** 10/10/25 577 $3.47 $2,033 Amster Limited Partnership********** 10/16/25 3,560 $3.35 $11,958 Howard Amster*********** 10/16/25 3,308 $3.35 $1,113 Horizon Group Properties Inc.*********** 10/16/25 1,473 $3.35 $4,966 Howard Amster 2019 CRUT 1*********** 10/16/25 967 $3.35 $3,271 Howard Amster 2019 CRUT 3*********** 10/16/25 947 $3.35 $3,204 Howard Amster 2019 CRUT 4*********** 10/16/25 571 $3.35 $1,944 Howard Amster 2019 CRUT 2*********** 10/16/25 350 $3.35 $1,204 Amster Limited Partnership*********** 10/16/25 1,689 $3.35 $5,690 Horizon Group Properties Inc.********* 10/30/25 150,000 $3.05 $458,002 Howard Amster************ 10/31/25 170,000 $2.89 $491,477 Howard Amster************* 11/07/25 342,000 $2.89 $987,885 Howard Amster************** 11/07/25 611,526 $2.89 $1,766,752 Howard Amster 2019 CRUT 1************** 11/07/25 62,874 $2.89 $181,654 Howard Amster Foundation************** *For purchases on 09/10/2025, the High Price was $4.16 and the Low Price was $4.14 ** For purchases on 09/12/2025 the High Price was $4.19 and the Low Price was $4.19 *** For purchases on 09/15/2025 the High Price was $4.24 and the Low Price was $4.24 **** For purchases on 09/16/2025 the High Price was $4.36 and the Low Price was $4.28 *****For purchases on 09/17/2025 the High Price was $4.40 and the Low Price was $4.26 ******For purchases on 09/18/2025 the High Price was $4.33 and the low price was $4.29 *******For purchases on 09/19/25 the High Price was $4.40 and the Low Price was $4.27 ********For purchases on 09/30/25 the High Price was $3.92 and the Low Price was $3.85 **********For purchases on 10/10/25 the High Price was $3.51 and the Low Price was $3.44 ***********For purchases on 10/16/25 the High Price was $3.35 and the Low Price was $3.35 ************For purchases on 10/30/25 the High Price was $3.08 and the Low Price was $3.04 *************For purchases on 10/31/25 the High Price was $2.92 and the Low Price was $2.87 **************For purchases on 11/07/25 the High Price was $2.97 and the Low Price was $2.73 (d) Other than the Reporting Persons, no other person is known by the Reporting Persons to have the right to receive or direct the receipt of dividends from, or the proceeds from the sale of, the shares of the Common Stock of the Issuer beneficially owned by the Reporting Persons. (d) Other than the Reporting Persons, no other person is known by the Reporting Persons to have the right to receive or direct the receipt of dividends from, or the proceeds from the sale of, the shares of the Common Stock of the Issuer beneficially owned by the Reporting Persons Amster Howard HOWARD AMSTER 11/10/2025 PLEASANT LAKE APARTMENTS LIMITED PARTNERSHIP HOWARD AMSTER 11/10/2025 HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #1 U/A DTD 05/20/2019 HOWARD AMSTER 11/10/2025 HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #2 U/A DTD 05/20/2019 HOWARD AMSTER 11/10/2025 HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #3 U/A DTD 05/20/2019 HOWARD AMSTER 11/10/2025 HOWARD AMSTER 2019 CHARITABLE REMAINER UNITURST #4 U/A 05/20/2019 HOWARD AMSTER 11/10/2025 AMSTER LIMITED PARTNERSHIP HOWARD AMSTER 11/10/2025 HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #7 U/A DTD 05/20/2019 HOWARD AMSTER 11/10/2025 LAUGHLIN HOLDINGS LLC HOWARD AMSTER 11/10/2025 RAMAT SECURITIES LTD HOWARD AMSTER 11/10/2025 HOWARD AMSTER 2021 CHARITABLE REMAINDER UNITRUST #3 U/A DTD 11/23/2021 HOWARD AMSTER 11/10/2025 PLEASANT LAKE APARTMENTS CORP HOWARD AMSTER 11/10/2025 HOWARD AMSTER 2022 CHARITABLE REMAINDER UNITRUST #1 U/A DTD 03/09/2022 HOWARD AMSTER 11/10/2025 HOWARD AMSTER FOUNDATION HOWARD AMSTER 11/10/2025 NEWAX INC HOWARD AMSTER 11/10/2025 PLEASANT LAKE SKOIEN INVESTMENTS LLC HOWARD AMSTER 11/10/2025 HOWARD AMSTER 2019 CHARITABLE REMAINDER UNITRUST #5 U/A DTD 05/20/2019 HOWARD AMSTER 11/10/2025 HOWARD AMSTER 2021 CHARITABLE REMAINDER #1 UNITRUST U/A DTD 08/10/2021 HOWARD AMSTER 11/10/2025 HOWARD AMSTER 2021 CHARITABLE REMAINDER UNITRUST #2 U/A DTD 08/10/2021 HOWARD AMSTER 11/10/2025 HOWARD AMSTER & TAMRA GOULD CHARITABLE REMAINDER UNITRUST U/A DTD 03/18/1993 HOWARD AMSTER 11/10/2025 HOWARD AMSTER CHARITABLE REMAINDER UNITRUST U/A DTD 04/22/1998 HOWARD AMSTER 11/10/2025 HOWARD AMSTER CHARITABLE REMAINDER UNITRUST U/A DTD 01/11/2005 HOWARD AMSTER 11/10/2025 HORIZON GROUP PROPERTIES INC. HOWARD AMSTER 11/10/2025