CMTG on NYSE
Claros Mortgage Trust, Inc.
American real estate company based in Baltimore, incorporated in Maryland2
In its 2026 annual report the company says: “We are a CRE finance company focused primarily on originating senior and subordinate loans on transitional CRE assets located in major U.S. markets, including mortgage loans secured by a first priority or subordinate mortgage on transitional CRE assets, and subordinate loans including mezzanine loans secured by a pledge of equity ownership interests in the direct or indirect property owner rather than directly in the underlying commercial properties.”5 Its shares trade on NYSE under the symbol CMTG.2
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Last updated Oct 21, 2026.
Overview
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- TickerCMTG on NYSE2
- IndustryReal Estate2
- HeadquartersBaltimore, United States2
- Incorporated inMD3
- Business addressC/O Mack Real Estate Group, 60 Columbus Circle, 20Th Floor, New York, Ny 100233
- Filer categoryAccelerated filer3
- Legal formStock Corporation2
- LEI549300Z9LU2CZ3K30C162
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered address7 ST. PAUL STREET, 21202 Baltimore, United States2
- Registered withBusiness Services (Maryland Department of Assessments and Taxation), D164931732
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We are a CRE finance company focused primarily on originating senior and subordinate loans on transitional CRE assets located in major U.S. markets, including mortgage loans secured by a first priority or subordinate mortgage on transitional CRE assets, and subordinate loans including mezzanine loans secured by a pledge of equity ownership interests in the direct or indirect property owner rather than directly in the underlying commercial properties. These loans are subordinate to a mortgage loan but senior to the property owner’s equity ownership interests. Transitional CRE assets are properties that require repositioning, renovation, rehabilitation, leasing, development or redevelopment or other value-added elements in order to maximize value. We believe our Sponsor’s real estate development, ownership and operations experience, and infrastructure differentiates us in lending on these …5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Interest100¢$305.0M
Out of $187.8M in revenue.6 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Interest and related income | $389.5M | $601.4M | $697.9M |
| Less: interest and related expense | $305.0M | $440.3M | $470.5M |
| Net interest income | $84.5M | $161.1M | $227.4M |
| Revenue from real estate owned | $103.3M | $87.3M | $79.2M |
| Total net revenue | $187.8M | $248.4M | $306.6M |
| Management fees - affiliate | $32.1M | $36.2M | $38.2M |
| Incentive fees - affiliate | $1.6M | ||
| General and administrative expenses | $20.0M | $15.7M | $16.6M |
| Stock-based compensation expense | $14.1M | $18.1M | $16.6M |
| Operating expenses | $68.5M | $57.8M | $49.5M |
| Interest expense | $33.2M | $26.6M | $23.6M |
| Depreciation and amortization | $10.8M | $10.5M | $9.3M |
| Total expenses | $178.6M | $165.0M | $155.3M |
| Proceeds from interest rate cap | $0 | $1.3M | $6.1M |
| Unrealized loss on interest rate cap | -$71.0K | -$1.4M | -$5.2M |
| Loss on partial sales of real estate owned, net | -$1.0M | ||
| Gain on foreclosure of real estate owned | $0 | $4.2M | |
| (Loss) income from equity method investment | -$124.0K | -$154.0K | $594.0K |
| (Loss) gain on extinguishment of debt | -$1.4M | -$4.1M | $2.2M |
| Valuation adjustment for real estate owned held-for-sale | $12.6M | -$80.5M | |
| Provision for current expected credit loss reserve | -$466.5M | -$212.6M | -$153.7M |
| Valuation adjustment for loans receivable held-for-sale | -$41.8M | -$7.2M | |
| Gain on sale of loan | $0 | $575.0K | |
| Net (loss) income | -$489.1M | -$221.3M | $6.0M |
| Basic | -$3.49 | -$1.60 | $0.02 |
| Diluted | -$3.49 | -$1.60 | $0.02 |
| Basic | 140.1M shares | 139.2M shares | 138.6M shares |
| Diluted | 140.1M shares | 139.2M shares | 138.6M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $173.2M | $99.1M | $187.3M | |
| Restricted cash | $17.6M | $34.4M | $27.6M | |
| Loans receivable held-for-investment | $4.1B | $6.2B | ||
| Less: current expected credit loss reserve | -$438.8M | -$243.0M | ||
| Loans receivable held-for-investment, net | $3.6B | $5.9B | ||
| Loans receivable held-for-sale | $0 | $277.1M | ||
| Equity method investment | $42.2M | $42.3M | ||
| Real estate owned held-for-investment, net | $730.0M | $127.1M | ||
| Real estate owned held-for-sale | $307.0M | |||
| Other assets | $143.4M | $132.7M | ||
| Total assets | $4.7B | $7.0B | ||
| Repurchase agreements | $1.9B | $3.2B | ||
| Term participation facility | $329.5M | $477.6M | ||
| Notes payable, net | $177.5M | $236.8M | ||
| Secured term loan, net | $549.4M | $709.8M | ||
| Debt related to real estate owned hotel portfolio, net | $231.0M | $274.6M | ||
| Other liabilities | $37.1M | $42.7M | ||
| Management fee payable - affiliate | $7.8M | $27.0M | ||
| Total liabilities | $3.2B | $5.0B | ||
| Common stock, $0.01 par value, 500,000,000 shares authorized, 140,218,764 and 139,362,657 shares issued and 140,218,764 and 139,362,657 shares outstanding at December 31, 2025 and 2024, respectively | $1.4M | $1.4M | ||
| Additional paid-in capital | $2.8B | $2.7B | ||
| Accumulated deficit | -$1.2B | -$733.3M | ||
| Total equity | $1.5B | $2.0B | $2.3B | $2.5B |
| Total liabilities and equity | $4.7B | $7.0B | ||
| Common stock par value | $0.01 | $0.01 | ||
| Common stock authorized | 500.0M shares | 500.0M shares | ||
| Common stock, shares issued | 140.2M shares | 139.4M shares | ||
| Common stock outstanding | 140.2M shares | 139.4M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $173.2M | $99.1M | $187.3M | |
| Restricted cash | $17.6M | $34.4M | $27.6M | |
| Loans receivable held-for-investment | $4.1B | $6.2B | ||
| Less: current expected credit loss reserve | -$438.8M | -$243.0M | ||
| Loans receivable held-for-investment, net | $3.6B | $5.9B | ||
| Loans receivable held-for-sale | $0 | $277.1M | ||
| Equity method investment | $42.2M | $42.3M | ||
| Real estate owned held-for-investment, net | $730.0M | $127.1M | ||
| Real estate owned held-for-sale | $307.0M | |||
| Other assets | $143.4M | $132.7M | ||
| Total assets | $4.7B | $7.0B | ||
| Repurchase agreements | $1.9B | $3.2B | ||
| Term participation facility | $329.5M | $477.6M | ||
| Notes payable, net | $177.5M | $236.8M | ||
| Secured term loan, net | $549.4M | $709.8M | ||
| Debt related to real estate owned hotel portfolio, net | $231.0M | $274.6M | ||
| Other liabilities | $37.1M | $42.7M | ||
| Management fee payable - affiliate | $7.8M | $27.0M | ||
| Total liabilities | $3.2B | $5.0B | ||
| Common stock, $0.01 par value, 500,000,000 shares authorized, 140,218,764 and 139,362,657 shares issued and 140,218,764 and 139,362,657 shares outstanding at December 31, 2025 and 2024, respectively | $1.4M | $1.4M | ||
| Additional paid-in capital | $2.8B | $2.7B | ||
| Accumulated deficit | -$1.2B | -$733.3M | ||
| Total equity | $1.5B | $2.0B | $2.3B | $2.5B |
| Total liabilities and equity | $4.7B | $7.0B | ||
| Common stock par value | $0.01 | $0.01 | ||
| Common stock authorized | 500.0M shares | 500.0M shares | ||
| Common stock, shares issued | 140.2M shares | 139.4M shares | ||
| Common stock outstanding | 140.2M shares | 139.4M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net (loss) income | -$489.1M | -$221.3M | $6.0M |
| Accretion of fees and discounts on loans receivable | -$10.6M | -$19.8M | -$22.8M |
| Amortization of deferred financing costs on secured financings | $23.6M | $20.2M | $22.4M |
| Amortization of deferred financing costs on debt related to real estate owned hotel portfolio | $2.3M | $3.7M | $524.0K |
| Non-cash stock-based compensation expense | $14.3M | $18.3M | $16.8M |
| Depreciation and amortization on real estate owned, in-place lease values, and deferred leasing costs | $10.8M | $10.5M | $9.3M |
| Amortization of above and below market lease values, net | $1.2M | $1.4M | $708.0K |
| Straight-line rent adjustment | -$560.0K | -$127.0K | -$87.0K |
| Unrealized loss on interest rate cap | $71.0K | $1.4M | $5.2M |
| Loss on partial sales of real estate owned, net | $1.0M | ||
| Loss (income) from equity method investment | $124.0K | $154.0K | -$594.0K |
| Loss on extinguishment of debt | $1.4M | $4.1M | -$2.2M |
| Valuation adjustment for real estate owned held-for-sale | -$12.6M | $80.5M | |
| Gain on sale of loan | $0 | -$575.0K | |
| Gain on foreclosure of real estate owned | $0 | -$4.2M | |
| Non-cash advances on loans receivable in lieu of interest | -$48.0M | -$41.3M | -$63.6M |
| Non-cash advances on secured financings in lieu of interest | $7.7M | $8.5M | $3.9M |
| Non-cash advances on debt related to real estate owned hotel portfolio | $1.1M | ||
| Repayment of non-cash advances on loans receivable in lieu of interest | $36.4M | $23.1M | $23.9M |
| Repayment of non-cash advances on interests in loans receivable in lieu of interest | -$1.1M | ||
| Provision for current expected credit loss reserve | $466.5M | $212.6M | $153.7M |
| Valuation adjustment for loans receivable held-for-sale | $41.8M | $7.2M | |
| Other assets | -$46.8M | -$42.0M | -$36.1M |
| Other liabilities | -$10.8M | -$279.0K | -$564.0K |
| Management fee payable - affiliate | -$19.2M | $17.7M | -$552.0K |
| Net cash (used in) provided by operating activities | -$30.5M | $84.5M | $111.1M |
| Loan originations, acquisitions and advances, net of fees | -$121.0M | -$504.7M | -$769.7M |
| Advances on loans receivable held-for-sale | -$12.1M | -$3.0M | |
| Repayments of loans receivable | $1.6B | $647.2M | $550.1M |
| Proceeds from sales of loans receivable | $332.1M | $636.8M | $186.7M |
| Extension and exit fees received from loans receivable | $4.3M | $5.0M | $2.5M |
| Reserves and deposits held for loans receivable | $0 | -$5.0K | -$1.0K |
| Proceeds from partial sales of real estate owned | $60.5M | ||
| Capital expenditures on real estate owned | -$2.4M | -$1.3M | -$2.1M |
| Capital expenditures on real estate owned held-for-sale | -$362.0K | ||
| Payment of deferred leasing costs | -$725.0K | ||
| Cash and restricted cash acquired from foreclosures on real estate owned | $4.1M | $256.0K | |
| Payment of transaction costs from foreclosures on real estate owned | -$1.6M | -$7.0M | |
| Net cash provided by (used in) investing activities | $1.9B | $779.9M | -$39.3M |
| Dividends paid | $0 | -$120.7M | -$192.2M |
| Payments for withholding taxes upon delivery of stock-based awards | -$1.5M | -$3.5M | -$3.9M |
| Proceeds from secured financings | $696.2M | $1.5B | $1.0B |
| Proceeds from debt related to real estate owned hotel portfolio | $235.0M | ||
| Payment of deferred financing costs | -$26.2M | -$16.5M | -$13.5M |
| Payment of exit fees on secured financings | -$1.0M | -$13.0K | |
| Purchase of interest rate cap | -$71.0K | -$521.0K | |
| Repayments of secured financings | -$2.2B | -$2.2B | -$996.4M |
| Repayments of secured term loan | -$161.6M | -$7.6M | -$26.9M |
| Repayments of debt related to real estate owned hotel portfolio | -$275.0M | -$15.0M | |
| Net cash (used in) provided by financing activities | -$1.8B | -$945.8M | -$205.1M |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $57.3M | -$81.4M | -$133.3M |
| Cash paid for interest | $313.2M | $439.4M | $465.9M |
| Dividends accrued | $0 | $35.3M | |
| Loan principal payments held by servicer | $11.0M | ||
| Accrued deferred financing costs | $0 | $648.0K | |
| Accrued loan Sale transaction costs | $44.0K | ||
| Accrued loans receivable held-for-investment extension fees | $341.0K | ||
| Real estate acquired in assignment-in-lieu of foreclosure | $344.7M | $128.6M | |
| Lease intangibles, net acquired in assignment-in-lieu of foreclosure | $7.0M | $20.1M | |
| Working capital acquired in assignment-in-lieu of foreclosure | -$7.9M | -$6.6M | |
| Accrued real estate foreclosure costs | $55.0K | ||
| Settlement of loans receivable in foreclosures on real estate owned | $393.5M | $208.8M | |
| Settlement of accrued interest receivable in foreclosures on real estate owned | $1.6M |
No quarter-by-quarter statement was filed.
Corporate structure
Claros Mortgage Trust, Inc. sits at the top of its group. 105 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Claros Mortgage Trust, Inc.
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Claros Mortgage Trust, Inc., latest Jul 29, 2025 (4 filings since Feb 9, 2023)
- Hyundai Investments Co., Ltd. Filed SCHEDULE 13G/A on Claros Mortgage Trust, Inc., latest May 15, 2025 (5 filings since Feb 14, 2022)
- GOLDMAN SACHS ASSET MANAGEMENT, L.P. Filed SCHEDULE 13G/A on Claros Mortgage Trust, Inc., latest May 9, 2025 (3 filings since Mar 7, 2024)
- BlackRock Filed SCHEDULE 13G/A on Claros Mortgage Trust, Inc., latest Apr 17, 2025 (3 filings since Feb 3, 2023)
- Beaverhead Capital, LLC Filed SC 13G/A on Claros Mortgage Trust, Inc., latest Aug 9, 2024 (2 filings since Feb 9, 2022)
- TEACHER RETIREMENT SYSTEM OF TEXAS Filed SC 13G/A on Claros Mortgage Trust, Inc., latest Feb 6, 2024 (3 filings since Dec 8, 2021)
- OFFIT CAPITAL ADVISORS LLC Filed SC 13G on Claros Mortgage Trust, Inc., latest May 27, 2022
- NB Alternatives Advisers LLC Filed SC 13G on Claros Mortgage Trust, Inc., latest Feb 15, 2022
- BAE Systems Pension Funds Investment Management Ltd Filed SC 13G on Claros Mortgage Trust, Inc., latest Feb 11, 2022
- Pingan Real Estate Capital Ltd Filed SC 13G on Claros Mortgage Trust, Inc., latest Jan 27, 2022
- Claros Mortgage Trust, Inc. Baltimore, Maryland, United States
- 1619 Broadway Realty LLC Subsidiary · Delaware, United States
- Clarius Cave Creek Owner LLC Subsidiary · Delaware, United States
- Clarius Cedar Springs Owner LLC Subsidiary · Delaware, United States
- Clarius Esperanza Owner LLC Subsidiary · Delaware, United States
- Clarius Green Valley Owner LLC Subsidiary · Delaware, United States
- Clarius Highland Meadows Owner LLC Subsidiary · Delaware, United States
- Clarius North Dallas Owner LLC Subsidiary · Delaware, United States
- Clarius Two Charlesgate Owner LLC Subsidiary · Delaware, United States
- CMTG BB Finance LLC Subsidiary · Delaware, United States
- CMTG California 1 LLC Subsidiary · Delaware, United States
- CMTG California 2 LLC Subsidiary · Delaware, United States
- CMTG Funding I LLC Subsidiary · Delaware, United States
- CMTG Funding II LLC Subsidiary · Delaware, United States
- CMTG GS Finance Holdco LLC Subsidiary · Delaware, United States
- CMTG GS Finance LLC Subsidiary · Delaware, United States
- CMTG JNP Finance Holdco LLC Subsidiary · Delaware, United States
- CMTG JNP Finance LLC Subsidiary · Delaware, United States
- CMTG JP Finance Holdco LLC Subsidiary · Delaware, United States
- CMTG JP Finance LLC Subsidiary · Delaware, United States
- CMTG JPM Term Funding LLC Subsidiary · Delaware, United States
- CMTG JPM Term Holdco LLC Subsidiary · Delaware, United States
- CMTG Lender 10 LLC Subsidiary · Delaware, United States
- CMTG Lender 100 LLC Subsidiary · Delaware, United States
- CMTG Lender 101 LLC Subsidiary · Delaware, United States
- CMTG Lender 102 LLC Subsidiary · Delaware, United States
- and 79 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Claros Mortgage Trust, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $173.2M6 Dec 31, 2025 | $99.1M6 Dec 31, 2024 | +74.8% |
| Stakes in other companies (equity method) | $42.2M6 Dec 31, 2025 | $42.3M6 Dec 31, 2024 | −0.3% |
Properties, in its own words
Our corporate headquarters office, which is leased by our Manager’s affiliate, is located at 60 Columbus Circle, 20th Floor, New York, NY, 10023. We consider these facilities to be suitable and adequate for the management and operations of our business. For an overview of our real estate owned assets, see Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operations - Portfolio Activity and Overview - Real Estate Owned.”
Item 2 of the 10-K filed Feb 18, 2026.5
Leadership
Who has led Claros Mortgage Trust, Inc., and when. Pick a name to see everywhere that person has worked.
- PresidentMike McGillis Nov 9, 2021 to now13
- Chief financial officerJai Agarwal Apr 12, 2022 to Aug 8, 202314
- Chief financial officerMike McGillis Nov 9, 2021 to Apr 12, 202213
Board members and other officers (11)
- OfficerKevin Cullinan Nov 2, 2021 to Mar 27, 202415
- OfficerMike McGillis Nov 2, 2021 to Nov 2, 202116
- OfficerPriyanka Garg Nov 2, 2021 to now17
- Board memberDenise Olsen Mar 10, 2026 to now18
- Board memberD. Pike Aloian May 20, 2026 to now19
- Board memberMary Haggerty Nov 2, 2021 to now20
- Board memberMike McGillis Nov 2, 2021 to now16
- Board memberSteven Leonard Richman Nov 2, 2021 to now21
- Board memberVincent Tese Nov 2, 2021 to now22
- Board memberW. Edward Walter Nov 2, 2021 to now23
- Board memberDerrick D. Cephas Nov 4, 2021 to now24
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 1619 Broadway Realty LLC Delaware4
- CMTG BB Finance LLC Delaware4
- CMTG California 1 LLC Delaware4
- CMTG California 2 LLC Delaware4
- CMTG Funding I LLC Delaware4
- CMTG Funding II LLC Delaware4
- CMTG GS Finance Holdco LLC Delaware4
- CMTG GS Finance LLC Delaware4
- CMTG JNP Finance Holdco LLC Delaware4
- CMTG JNP Finance LLC Delaware4
- CMTG JP Finance Holdco LLC Delaware4
- CMTG JP Finance LLC Delaware4
- CMTG JPM Term Funding LLC Delaware4
- CMTG JPM Term Holdco LLC Delaware4
- CMTG Lender 10 LLC Delaware4
- CMTG Lender 100 LLC Delaware4
- CMTG Lender 101 LLC Delaware4
- CMTG Lender 102 LLC Delaware4
- CMTG Lender 103 LLC Delaware4
- CMTG Lender 104 LLC Delaware4
- CMTG Lender 105 LLC Delaware4
- CMTG Lender 106 LLC Delaware4
- CMTG Lender 107 LLC Delaware4
- CMTG Lender 108 LLC Delaware4
All 104 listed subsidiaries
- CMTG Lender 109 LLC Delaware4
- CMTG Lender 110 LLC Delaware4
- CMTG Lender 111 LLC Delaware4
- CMTG Lender 112 LLC Delaware4
- CMTG Lender 113 LLC Delaware4
- CMTG Lender 114 LLC Delaware4
- CMTG Lender 115 LLC Delaware4
- CMTG Lender 116 LLC Delaware4
- CMTG Lender 117 LLC Delaware4
- CMTG Lender 12 LLC Delaware4
- CMTG Lender 24 LLC Delaware4
- CMTG Lender 26 LLC Delaware4
- CMTG Lender 27 LLC Delaware4
- CMTG Lender 31 LLC Delaware4
- CMTG Lender 33 LLC Delaware4
- CMTG Lender 34 LLC Delaware4
- CMTG Lender 36 LLC Delaware4
- CMTG Lender 37 LLC Delaware4
- CMTG Lender 38 LLC Delaware4
- CMTG Lender 39 LLC Delaware4
- CMTG Lender 4 LLC Delaware4
- CMTG Lender 44 LLC Delaware4
- CMTG Lender 53 LLC Delaware4
- CMTG Lender 54 LLC Delaware4
- CMTG Lender 56 LLC Delaware4
- CMTG Lender 60 LLC Delaware4
- CMTG Lender 61 LLC Delaware4
- CMTG Lender 62 LLC Delaware4
- CMTG Lender 65 LLC Delaware4
- CMTG Lender 66 LLC Delaware4
- CMTG Lender 7 LLC Delaware4
- CMTG Lender 71 LLC Delaware4
- CMTG Lender 73 LLC Delaware4
- CMTG Lender 74 LLC Delaware4
- CMTG Lender 76 GP LLC Delaware4
- CMTG Lender 76 LP Delaware4
- CMTG Lender 77 LLC Delaware4
- CMTG Lender 78 LLC Delaware4
- CMTG Lender 79 LLC Delaware4
- CMTG Lender 83 LLC Delaware4
- CMTG Lender 84 LLC Delaware4
- CMTG Lender 86 LLC Delaware4
- CMTG Lender 87 LLC Delaware4
- CMTG Lender 88 LLC Delaware4
- CMTG Lender 89 LLC Delaware4
- CMTG Lender 90 LLC Delaware4
- CMTG Lender 91 LLC Delaware4
- CMTG Lender 92 LLC Delaware4
- CMTG Lender 94 LLC Delaware4
- CMTG Lender 95 LLC Delaware4
- CMTG Lender 96 LLC Delaware4
- CMTG Lender 99 LLC Delaware4
- CMTG MS Finance Holdco LLC Delaware4
- CMTG MS Finance LLC Delaware4
- CMTG TRS Holding Company LLC Delaware4
- CMTG WF Finance Holdco LLC Delaware4
- CMTG WF Finance LLC Delaware4
- CMTG/TT Mortgage REIT LLC Delaware4
- Clarius Cave Creek Owner LLC Delaware4
- Clarius Cedar Springs Owner LLC Delaware4
- Clarius Esperanza Owner LLC Delaware4
- Clarius Green Valley Owner LLC Delaware4
- Clarius Highland Meadows Owner LLC Delaware4
- Clarius North Dallas Owner LLC Delaware4
- Clarius Two Charlesgate Owner LLC Delaware4
- HCIN Chelsea Grand East Associates, LLC Delaware4
- HCIN Chelsea Grand East Lessee, LLC Delaware4
- HCIN Duo One Associates, LLC Delaware4
- HCIN Duo One Lessee, LLC Delaware4
- HCIN Duo Three Associates, LLC Delaware4
- HCIN Duo Three Lessee, LLC Delaware4
- HCIN Duo Two Associates, LLC Delaware4
- HCIN Duo Two Lessee, LLC Delaware4
- HCIN Herald Square Associates, LLC Delaware4
- HCIN Herald Square Lessee, LLC Delaware4
- HCIN Maiden Hotel Associates, LLC Delaware4
- HCIN Maiden Hotel Lessee, LLC Delaware4
- HCIN Water Street Associates, LLC Delaware4
- HCIN Water Street Lessee, LLC Delaware4
- Panoramic Hudson LLC Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Jul 29, 20268-K Results of operations; Regulation FD disclosure25
- Jun 5, 20268-K Executive or director change; Shareholder vote26
- May 12, 20268-K Executive or director change27
- May 6, 20268-K Results of operations; Regulation FD disclosure28
- Feb 18, 20268-K Results of operations; Regulation FD disclosure29
- Feb 10, 20268-K Executive or director change30
- Feb 2, 20268-K Entered a material agreement; Ended a material agreement; New debt or obligation31
- Nov 6, 20258-K Entered a material agreement32
- Nov 5, 20258-K Results of operations; Regulation FD disclosure33
- Oct 6, 20258-K Entered a material agreement; New debt or obligation34
- Sep 2, 20258-K Completed an acquisition or sale35
- Aug 6, 20258-K Results of operations; Regulation FD disclosure36
- Apr 28, 2015Founded Claros Mortgage Trust, Inc. is founded2
Calendar
Coming up
- Nov 4, 2026Reports results for the quarter ending Sep/202637
When it reported results
- Jul 29, 2026Reported quarterly or annual results25
- May 6, 2026Reported quarterly or annual results28
- Feb 18, 2026Reported quarterly or annual results29
- Nov 5, 2025Reported quarterly or annual results33
- Aug 6, 2025Reported quarterly or annual results36
- May 7, 2025Reported quarterly or annual results38
- Feb 19, 2025Reported quarterly or annual results39
- Nov 7, 2024Reported quarterly or annual results40
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
315 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 63 major events, 160 insider forms, 24 large holders, 47 other. The latest 20:
- Oct 5, 20264 EDGAR
- Sep 8, 20264 EDGAR
- Aug 10, 20264 EDGAR
- Jul 29, 20268-K EDGAR
- Jul 29, 202610-Q EDGAR
- Jul 17, 2026S-8 EDGAR
- Jul 6, 20264 EDGAR
- Jun 5, 20264 EDGAR
- Jun 5, 20264 EDGAR
- Jun 5, 20264 EDGAR
- Jun 5, 20264 EDGAR
- Jun 5, 20264 EDGAR
- Jun 5, 20264 EDGAR
- Jun 5, 20264 EDGAR
- Jun 5, 20268-K EDGAR
- May 26, 20264 EDGAR
- May 26, 20264 EDGAR
- May 26, 20264 EDGAR
- May 26, 20264 EDGAR
- May 20, 20263 EDGAR
The 315 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
31 open-market trades by officers, directors and large owners since October 2021: 31 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 4, 2026 | Mack RichardCEO AND CHAIRMAN | Buy | 20,603 | $1.59 | $32.8K | Form 4 |
| Sep 3, 2026 | Mack RichardCEO AND CHAIRMAN | Buy | 200,000 | $1.59 | $318.0K | Form 4 |
| Aug 6, 2026 | McGillis MikePRESIDENT AND CFO | Buy | 25,000 | $1.71 | $42.8K | Form 4 |
| Mar 2, 2026 | McGillis MikePRESIDENT AND CFO | Buy | 20,000 | $2.34 | $46.8K | Form 4 |
| Feb 27, 2026 | Mack RichardCEO AND CHAIRMAN | Buy | 50,000 | $2.41 | $120.5K | Form 4 |
| Feb 24, 2026 | WALTER W EDWARDDirector | Buy | 25,000 | $2.28 | $57.0K | Form 4 |
| Mar 13, 2025 | Mack RichardCEO AND CHAIRMAN | Buy | 10,000 | $3.66 | $36.6K | Form 4 |
| Mar 12, 2025 | Mack RichardCEO AND CHAIRMAN | Buy | 25,000 | $3.38 | $84.5K | Form 4 |
| Mar 12, 2025 | Richman Steven LeonardDirector | Buy | 5,000 | $3.40 | $17.0K | Form 4 |
| Mar 12, 2025 | McGillis MikePRESIDENT AND CFO | Buy | 24,115 | $3.30 | $79.6K | Form 4 |
| Mar 10, 2025 | Mack RichardCEO AND CHAIRMAN | Buy | 115,000 | $3.19 | $366.9K | Form 4 |
| May 29, 2024 | Mack RichardCEO AND CHAIRMAN | Buy | 40,000 | $6.90 | $276.0K | Form 4 |
| May 28, 2024 | Siegel Jeffrey DSEE REMARKS | Buy | 5,000 | $7.23 | $36.1K | Form 4 |
| May 28, 2024 | WALTER W EDWARDDirector | Buy | 7,000 | $7.21 | $50.5K | Form 4 |
| May 28, 2024 | Mack RichardCEO AND CHAIRMAN | Buy | 116,000 | $7.18 | $832.9K | Form 4 |
| May 24, 2024 | McGillis MikePRESIDENT AND CFO | Buy | 15,000 | $7.34 | $110.1K | Form 4 |
| May 24, 2024 | Mack RichardCEO AND CHAIRMAN | Buy | 44,000 | $7.25 | $319.0K | Form 4 |
| May 23, 2024 | TESE VINCENTDirector | Buy | 5,000 | $7.26 | $36.3K | Form 4 |
| May 21, 2024 | TESE VINCENTDirector | Buy | 1,000 | $8.24 | $8.2K | Form 4 |
| Sep 21, 2022 | Richman Steven LeonardDirector | Buy | 1,000 | $14.73 | $14.7K | Form 4 |
All 31 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Feb 9, 2023 to Jul 29, 202541
- Hyundai Investments Co., Ltd.SCHEDULE 13G/A, 5 filings Feb 14, 2022 to May 15, 202542
- GOLDMAN SACHS ASSET MANAGEMENT, L.P.SCHEDULE 13G/A, 3 filings Mar 7, 2024 to May 9, 202543
- BlackRockSCHEDULE 13G/A, 3 filings Feb 3, 2023 to Apr 17, 202544
- Beaverhead Capital, LLCSC 13G/A, 2 filings Feb 9, 2022 to Aug 9, 202445
- Retirement System Of Texas TeacherSC 13G/A, 3 filings Dec 8, 2021 to Feb 6, 202446
- OFFIT CAPITAL ADVISORS LLCSC 13G, 1 filing May 27, 202247
- NB Alternatives Advisers LLCSC 13G, 1 filing Feb 15, 202248
- BAE Systems Pension Funds Investment Management LtdSC 13G, 1 filing Feb 11, 202249
- Pingan Real Estate Capital LtdSC 13G, 1 filing Jan 27, 202250
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | J.D. Siegel, | $188.5K | $945.0K51 | |
| 2025 | Richard J. Mack, | $757.2K51 | ||
| 2025 | Priyanka Garg, | $473.9K51 | ||
| 2025 | Michael McGillis, | $377.9K51 | ||
| 2024 | Chief Executive Officer | $2.6M51 | ||
| 2024 | Executive Vice PresidentPortfolio and Asset Management | $1.2M51 | ||
| 2024 | President and Chief Financial Officer | $836.3K51 | ||
| 2023 | Chief Executive Officer | $3.4M51 | ||
| 2023 | Executive Vice PresidentPortfolio and Asset Management | $1.1M51 | ||
| 2023 | President and Chief Financial Officer | $903.7K51 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Hyundai Investments Co., Ltd. | 20,373,331 | $47.9M | 51.9% | −94,272 |
| Koch, Inc. | 15,126,917 | $35.5M | 3.2% | No change |
| Neuberger Berman Group LLC | 8,757,139 | $20.6M | 0.0% | −3,253 |
| BlackRock, Inc. | 8,509,252 | $20.0M | 0.0% | +578,431 |
| Vanguard Capital Management LLC | 5,703,052 | $13.4M | 0.0% | +331,916 |
| Geode Capital Management, LLC | 2,830,457 | $6.7M | 0.0% | +91,968 |
| Wafra Inc. | 2,500,000 | $5.9M | 100.0% | No change |
| Charles Schwab Investment Management Inc | 2,238,789 | $5.3M | 0.0% | −843,282 |
| State Street Corp | 2,232,821 | $5.2M | 0.0% | +89,142 |
| LM Asset Management Inc. | 1,846,000 | $4.3M | 3.0% | +446,000 |
| Hotchkis & Wiley Capital Management LLC | 1,644,895 | $3.9M | 0.0% | −189,520 |
| Citigroup Inc | 1,404,469 | $3.3M | 0.0% | +325,182 |
| Gratia Capital, LLC | 1,301,212 | $3.1M | 3.5% | −398,872 |
| Van Eck Associates Corp | 1,110,156 | $2.6M | 0.0% | New |
| Northern Trust Corp | 858,888 | $2.0M | 0.0% | +67,292 |
| Vanguard Fiduciary Trust Co | 844,983 | $2.0M | 0.0% | −9,919 |
| Vanguard Portfolio Management LLC | 815,946 | $1.9M | 0.0% | +95,296 |
| D. E. Shaw & Co., Inc. | 582,629 | $1.4M | 0.0% | −254,783 |
| Citadel Advisors LLC | 575,249 | $1.4M | 0.0% | +344,648 |
| Macquarie Group Ltd | 452,533 | $1.1M | 0.0% | No change |
| Aqr Capital Management LLC | 389,708 | $915.8K | 0.0% | +102,577 |
| Nuveen, LLC | 360,224 | $846.5K | 0.0% | +119,360 |
| Brevan Howard Capital Management LP | 327,649 | $765.1K | 0.0% | No change |
| Bank of New York Mellon Corp | 307,006 | $721.5K | 0.0% | +13,619 |
| Jpmorgan Chase & Co | 273,516 | $631.8K | 0.0% | −31,569 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Dec 12, 2022 | Christopher L. Jacobs, House | Buy | $1,001 - $15,000 | −186.7% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How Claros Mortgage Trust, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARClaros Mortgage Trust, Inc.1
- CIK0001666291
- Employer ID (EIN)47-40749005
- Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inMaryland5
- Fiscal year endsDecember 311
- Industry code (SIC)6500 Real Estate1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business addressC/O Mack Real Estate Group, 60 Columbus Circle, 20Th Floor, New York, NY 100231
- Phone212-484-00501
- Shares outstanding141,084,206 as of Jul 28, 202612
- Public float$289.0M as of Jun 30, 20255
- AuditorPricewaterhouseCoopers LLP, New York, New York PCAOB ID 238; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceFeb 9, 20161
- Filings337 in all: 4 (142), 8-K (62), 3 (17), 10-Q (15), SC 13G (10), UPLOAD (8), SC 13G/A (7), SCHEDULE 13G/A (7)1
All 35 form types
CORRESP (6), D/A (6), DRS/A (6), 10-K (5), DEF 14A (5), DEFA14A (5), ARS (4), DRSLTR (4), EFFECT (3), 424B4 (2), 424B7 (2), D (2), POSASR (2), S-11/A (2), S-3 (2), S-8 (2), 10-Q/A (1), 4/A (1), 424B5 (1), 8-A12B (1), 8-K/A (1), CERT (1), DRS (1), FWP (1), S-11 (1), S-3/A (1), S-3ASR (1)
- Latest filingsAnnual report (10-K) Feb 18, 2026
Quarterly report (10-Q) Jul 29, 2026
Proxy statement (DEF 14A) Apr 22, 2026
Latest 8-K (8-K) Jul 29, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.01 par value per share | CMTG | New York Stock Exchange |
From the cover page of the 10-K filed Feb 18, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks Claros Mortgage Trust, Inc. names in Item 1A of its 10-K filed Feb 18, 2026: 74 risks under these headings, as written.5
- Risks Related to Our Investments
- Loans on properties in transition often involve a greater risk of loss than loans on stabilized properties, including the risk of cost overruns on and noncompletion of the construction or renovation of or other capital improvements to the properties underlying the loans we originate or acquire, and the risk that a borrower may fail to execute the business plan underwritten by us, potentially making it unable to make contractually obligated payments to us, each of which could materially and adversely affect us.
- Difficult conditions in the commercial mortgage and real estate market, the capital markets and the economy generally, as a result of fluctuations in interest rates, inflationary pressures and other factors, could make it difficult for our borrowers to satisfy their contractually obligated payments and may materially and adversely affect us.
- We operate in a competitive market for the origination and acquisition of attractive investment opportunities and competition may limit our ability to originate or acquire attractive risk-adjusted investments in our target assets, which could have a material adverse effect on us.
- Our investments are and may be concentrated in certain markets, property types and borrowers, among other factors, and will be subject to risk of default.
- The lack of liquidity in certain of the assets in our portfolio and our target assets generally may materially and adversely affect us.
- In the event of borrower distress or a default, we may lack the liquidity necessary to protect our investment or avoid a corresponding default on any obligations we may have related to financing arrangements secured by our investments.
- We may be unable to maintain or refinance debt incurred to finance our investments and our operations, thereby increasing the amount of equity capital risk we bear with respect to particular investments, preventing us from deploying our equity capital in the optimal manner, or reducing returns generated from our investments.
- As a result of our real estate owned assets, we are subject to the risks commonly associated with real estate owned holdings, including risks related to ownership of a hotel portfolio, a mixed-use property, a land parcel, and multifamily properties, which differ from the risks associated with lending.
- We generally determine the LTV for a loan in our portfolio prior to, or at the time of, our origination or acquisition of the loan and such LTVs may change significantly and in an adverse manner thereafter due to various circumstances.
- There are increased risks involved with construction lending activities.
- Our investments in construction loans require us to make estimates about the fair value of land improvements that may be challenged by the IRS.
The other 63 risks
- Investments in subordinated mortgage interests, mezzanine loans and other assets that are subordinated or otherwise junior in a borrower’s capital structure may expose us to greater risk of loss.
- Most of the CRE loans that we originate or acquire are non-recourse loans and the assets securing these loans may not be sufficient to protect us from a partial or complete loss if the borrower defaults on the loan, which could materially and adversely affect us.
- We may invest in derivative instruments, which would subject us to increased risk of loss.
- We may be subject to additional risks associated with CRE loan participations.
- U.S. and global financial systems and economies have undergone significant disruption, and such disruption and future disruptions may negatively impact our ability and our borrowers’ abilities to execute investment strategies, which would materially and adversely affect us.
- Insurance proceeds on a property may not cover all losses, which could result in the corresponding non-performance of or loss on our investment related to such property.
- Our investments expose us to risks associated with debt-oriented real estate investments generally.
- Investments that are secured, directly or indirectly, by CRE are subject to potential delinquency, foreclosure and loss, which could materially and adversely affect us.
- Prepayment rates may adversely affect the yield on our loans, the value of our portfolio of assets, and our liquidity.
- Difficulty in redeploying the proceeds from repayments or sales of our existing loans and investments may cause our financial performance and returns to investors to suffer.
- A prolonged economic slowdown, a lengthy or severe recession and/or periods of declining real estate values could impair our investments and harm our operations, which could materially and adversely affect us.
- Recent macroeconomic trends and commensurate fluctuations in benchmark interest rates, may adversely affect our business, financial condition and results of operations.
- Provisions for current expected credit loss reserve are difficult to estimate.
- We may not have control over certain of our investments.
- Joint venture investments could be adversely affected by our lack of sole decision-making authority, our reliance on joint venture partners’ financial condition and liquidity and disputes between us and our joint venture partners.
- CRE valuation is inherently subjective and uncertain.
- The due diligence process that our Manager undertakes in regard to investment opportunities may not reveal all facts that may be relevant in connection with an investment and if our Manager incorrectly evaluates the risks of our investments, we may experience losses, which could materially and adversely affect us.
- We may foreclose on certain of the loans we originate or acquire, which could result in material losses.
- We may be subject to lender liability claims, and if we are held liable under such claims, we could be subject to losses.
- Liability relating to environmental matters may impact the value of our loans, the collateral properties of our loans, or of properties that we may acquire upon foreclosure of the properties underlying our investments.
- Climate change, and other risks relating to the environmental, social and governance impact of our investments or the underlying properties and development activities that we finance, could adversely affect our business.
- Risks Related to Sources of Financing and Hedging
- We have indebtedness outstanding and may be unable to make deleveraging payments or obtain replacement financing with similar terms.
- We may incur additional debt in the future, which subjects us to increased risk of loss, which could materially and adversely affect us.
- Our secured term loan, debt related to real estate owned hotel portfolio, current financing facilities, derivative instruments, and secured loans contain, and additional lending facilities may contain, financial and other covenants that restrict our operational flexibility, which could materially and adversely affect us.
- The arrangements that we currently use, or may in the future use, to finance our investments may require us to provide additional collateral or pay down debt based on the occurrence of certain events.
- We depend or may depend on bank credit agreements and facilities, repurchase agreements and structured financing arrangements, public and private debt issuances and derivative instruments, in addition to transaction- or asset-specific financing arrangements and other sources of financing to execute our business plan, and our inability to maintain or access financing on favorable terms could have a material adverse effect on us.
- Fluctuations in interest rates and credit spreads could increase our financing costs and/or reduce our ability to generate income on our investments, which could lead to a significant decrease in our results of operations, cash flows and the value of our investments or the collateral properties and may limit our ability to pay distributions to our stockholders.
- Our use of leverage may create a mismatch with the duration and interest rate reference index of the investments that we are financing.
- An increase in our borrowing costs relative to the interest that we receive on our leveraged loans and revenues that we receive on our levered real estate owned assets would adversely affect our profitability and our cash available for distribution to our stockholders.
- Our existing and future financing arrangements and any debt securities we may issue could restrict our operations, limit our ability to resume paying dividends and expose us to additional risk.
- We may enter into hedging transactions that could expose us to contingent liabilities in the future, which could materially and adversely affect us.
- We may fail to qualify for, or choose not to elect, hedge accounting treatment.
- Our investments may be subject to fluctuations in interest rates that may not be adequately protected, or protected at all, by our hedging strategies.
- We may use securitizations to finance our investments and make investments in CMBS, CLOs, and other similar structured finance investments, which may expose us to risks that could result in losses.
- We may be subject to losses arising from future guarantees of debt and contingent obligations of our subsidiaries, joint venture or co-investment partners or our borrowers.
- We are subject to counterparty risk associated with our hedging activities.
- If we enter into certain hedging transactions or otherwise invest in certain derivative instruments, failure to obtain and maintain an exemption from being regulated as a commodity pool operator by our Manager could subject us to additional regulation and compliance requirements, which could materially and adversely affect us.
- Risks Related to Our Company
- Our investment strategy, our investment guidelines, our target assets and our financing strategy may be changed without stockholder consent.
- Changes in laws or regulations governing our operations or those of our competitors, banks or other of our capital providers, or changes in the interpretation thereof, or newly enacted laws or regulations, could result in increased competition for our target assets or reduced access to capital, require changes to our business practices and collectively could adversely impact our revenues and impose additional costs on us, which could materially and adversely affect us.
- State licensing requirements will cause us to incur expenses and our failure to be properly licensed may have a material adverse effect on us.
- Actions of the U.S. government, including the U.S. Congress, U.S. Federal Reserve, U.S. Treasury and other governmental and regulatory bodies, to stabilize or reform the financial markets, or market response to those actions, may not achieve the intended effect and could materially and adversely affect us.
- Operational risks, including the risk of cyberattacks, may disrupt our businesses, result in losses and limit our growth.
- Accounting rules for certain of our transactions are highly complex and involve significant judgment and assumptions. Changes in accounting interpretations or assumptions could impact our ability to timely prepare consolidated financial statements, which could materially and adversely affect us.
- Risks Related to Our Relationship with Our Manager and its Affiliates
- Our future success depends on our Manager and its access to the key personnel and investment professionals of our Sponsor and its affiliates.
- The personnel providing services to our Manager are not required to dedicate a specific portion of their time to the management of our business.
- Our Manager manages our loan portfolio pursuant to very broad investment guidelines and is not required to seek the approval of our Board for investment decisions where certain criteria are met, which may result in riskier decisions that could cause investment returns to be substantially below expectations including the potential for material losses.
- We may compete with other investment vehicles managed by our Sponsor or its affiliates, including our Manager, or have other conflicts of interest with our Sponsor or its affiliates, including our Manager, which may result in decisions that are not in the best interests of our stockholders.
- The structure of our Manager’s fees may not create effective incentives and may cause our Manager to make riskier investments.
- Termination of the Management Agreement may be costly in certain circumstances.
- Amendments to the Management Agreement that will be in effect for so long as our new secured term loan is outstanding could have an adverse effect on us.
- Our Manager’s liability is limited under the Management Agreement and we have agreed to indemnify our Manager against certain liabilities.
- Risks Related to Our Common Stock
- We have not established a minimum dividend payment level, and we may be unable to generate sufficient cash flows from our operations to resume paying dividends to our stockholders at any time in the future at a particular level, or at all, which could materially and adversely affect us.
- Common stock eligible for future sale may have adverse effects on the market price of our common stock.
- There are warrants to purchase shares of our Common Stock currently outstanding.
- Risks Related to Our Organization and Structure
- Avoiding the need to register under the 1940 Act imposes significant limits on our operations. Your investment return may be reduced if we are required to register as an investment company under the 1940 Act.
- Any change in the interpretive positions of the SEC or its staff with respect to Section 3(c)(5)(C) of the 1940 Act could have a material adverse effect on us.
- Rapid changes in the values of our other real estate-related investments may make it more difficult for us to maintain our qualification as a REIT or exclusion from registration under the 1940 Act.
- Our rights and the rights of our stockholders to recover on claims against our directors and officers are limited, which could reduce your and our recovery against them if they negligently cause us to incur losses.
- Our charter contains provisions that are designed to reduce or eliminate duties of our non-employee directors with respect to corporate opportunities and competitive activities.
- Our charter contains provisions that make removal of our directors difficult, which could make it difficult for our stockholders to effect changes to our management or ownership.
- Our charter does not permit any person to own more than (a) 9.6%, in value or in number of shares, whichever is more restrictive, of the aggregate of the outstanding shares of our common stock, or (b) 9.6% in value of the aggregate of the outstanding shares of our capital stock, and any attempt to acquire shares of our common stock or any of our capital stock in excess of these ownership limits will not be effective without a prior exemption by our Board.
- Our bylaws designate certain Maryland courts as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
- Some provisions of our charter and bylaws and Maryland law may delay, deter or prevent takeover attempts, which may limit the opportunity of our stockholders to sell their shares at a favorable price.
Legal proceedings
From time to time, we may be involved in various claims and legal actions arising in the ordinary course of business. As of December 31, 2025, we were not involved in any material legal proceedings. Refer to Note 14 to our consolidated financial statements for information on our commitments and contingencies.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 13SEC EDGARMike McGillis, President
- 14SEC EDGARJai Agarwal, Chief financial officer
- 15SEC EDGARKevin Cullinan, Officer
- 16SEC EDGARMike McGillis, Officer
- 17SEC EDGARPriyanka Garg, Officer
- 18SEC EDGARDenise Olsen, Board member
- 19SEC EDGARD. Pike Aloian, Board member
- 20SEC EDGARMary Haggerty, Board member
- 21SEC EDGARSteven Leonard Richman, Board member
- 22SEC EDGARVincent Tese, Board member
- 23SEC EDGARW. Edward Walter, Board member
- 24SEC EDGARDerrick D. Cephas, Board member
- 25
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- 27SEC EDGARExecutive or director change
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- 30SEC EDGARExecutive or director change
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- 32SEC EDGAREntered a material agreement
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- 35SEC EDGARCompleted an acquisition or sale
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- 37NasdaqNasdaq calendar
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