# EDGAR Filing Document

**Accession Number:** 0001614806
**File Stem:** 0001628280-23-007321
**Filing Date:** 2023-3
**Character Count:** 6673
**Document Hash:** 5f4c007f6549624cdd388e35a07db8c1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-23-007321.hdr.sgml**: 20230309

**ACCESSION NUMBER**: 0001628280-23-007321

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230309

**FILED AS OF DATE**: 20230309

**DATE AS OF CHANGE**: 20230309

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Friedman Paul M
- **CENTRAL INDEX KEY:** 0001648181

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36844
- **FILM NUMBER:** 23720385

**MAIL ADDRESS:**
- **STREET 1:** 11 DEERFIELD LANE
- **CITY:** SCARSDALE
- **STATE:** NY
- **ZIP:** 10583
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Great Ajax Corp.
- **CENTRAL INDEX KEY:** 0001614806
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **IRS NUMBER:** 465211780
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 13190 SW 68TH PARKWAY
- **STREET 2:** SUITE 110
- **CITY:** TIGARD
- **STATE:** OR
- **ZIP:** 97223
- **BUSINESS PHONE:** 503-505-5670

**MAIL ADDRESS:**
- **STREET 1:** 13190 SW 68TH PARKWAY
- **STREET 2:** SUITE 110
- **CITY:** TIGARD
- **STATE:** OR
- **ZIP:** 97223

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Friedman Paul M<br><sub>(Last) (First) (Middle)</sub><br>13190 SW 68TH PARKWAY<br>SUITE 110<br><sub>(Street)</sub><br>TIGARD, OR 97223<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-09 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Great Ajax Corp. [ AJX ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock, par value $0.01 per share | 2023-03-09 |  | A |  | 5000<sup>(1)</sup> | A | $7.15 | 38406 | I | By Paul M. Friedman Living Trust |
| Common Stock, par value $0.01 per share | 2023-03-09 |  | A |  | 2116<sup>(2)</sup> | A | $8.27 | 40522 | I | By Paul M. Friedman Living Trust |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 7.25% Convertible Notes due 2024 | 14.36<sup>(3)</sup> |  |  |  |  |  |  | 2023-04-30 | 2024-04-30 | Common Stock, par value $0.01 per share | 1392.4<sup>(4)</sup> |  | 800 | I | By Paul M. Friedman Living Trust |

---

### Footnotes:

(1) Granted pursuant to the 2014 Director Equity Plan, which will vest in two equal installments annually, starting March 9, 2024.

(2) Payment of director fees for fourth quarter ended December 31, 2022. Price per share is the average closing price per share for the first five days preceding the dividend record date of November 15, 2022.

(3) The conversion rate of the 7.25% convertible notes due 2024 (the "Notes") equals 1.7405 shares of the Issuer's common stock per $25.00 principal amount of the Notes (equivalent to a conversion price of approximately $14.36 per share of the Issuer's common stock). The conversion rate, and thus the conversion price, will be subject to adjustment in accordance with the terms of the Notes.

(4) Calculated based on the conversion rate of 1.7405 shares of the Issuer's common stock per $25.00 principal amount of Notes.

**Signature:** /s/ Paul M Friedman  
**Date:** 2023-03-09

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**