LADR · Ladder Capital Corp

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.24 to $10.26, inclusive.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.25 to $10.28, inclusive. The Reporting Person undertakes to provide to Ladder Capital Corp, any security holder of Ladder Capital Corp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.

The reported gift by The Pamela L. McCormack Revocable Living Trust to McCormack Investors LLC represents securities that were previously reported as directly held by the Reporting Person but were previously transferred to The Pamela L. McCormack Revocable Living Trust in a non-reportable change in form.

The reported securities are held by The Pamela L. McCormack Revocable Living Trust and The Brian J. McCormack Revocable Living Trust.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.27 to $10.35, inclusive. The Reporting Person undertakes to provide to Ladder Capital Corp, any security holder of Ladder Capital Corp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

The sales reported in this Form 4 were effected for personal tax and estate planning purposes.

The reported securities were inherited by the spouse of the Reporting Person.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.82 to $10.92, inclusive.

The reported securities were sold by the Reporting Person's spouse in open market transactions.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.89 to $10.99, inclusive.

The reported securities were sold by the Reporting Person's spouse in open market transactions.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.08 to $11.18, inclusive. The Reporting Person undertakes to provide to Ladder Capital Corp, any security holder of Ladder Capital Corp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1), (2) and (3) to this Form 4.

The reported securities were sold by the Reporting Person's spouse in open market transactions.

The reported transaction represents a gift from The Brian J. McCormack Revocable Living Trust to McCormack Investors LLC.

The reported securities are held by the The Pamela L. McCormack Revocable Living Trust and The Brian J. McCormack Revocable Living Trust. 99,294 of the reported securities were previously reported as directly held by the Reporting Person but after giving effect to the transfer in a non-reportable change in form on March 10, 2025, are held by The Brian J. McCormack Revocable Living Trust.