Jeffrey Krasnoff - Jan 2, 2025 Form 4 Insider Report for FS Credit Real Estate Income Trust, Inc. (NONE)

Role
Director
Signature
/s/ Jeffrey Krasnoff
Stock symbol
NONE
Transactions as of
Jan 2, 2025
Transactions value $
$0
Form type
4
Date filed
2/7/2025, 04:25 PM
Previous filing
Oct 4, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NONE Class I Common Stock Award $0 +66.3K +16.18% $0.00 476K Jan 2, 2025 By: Rialto Capital Management, LLC F1, F2
holding NONE Class I Common Stock 21.2K Jan 2, 2025 By: JTK RCM, LLC F3
holding NONE Class F Common Stock 35.2K Jan 2, 2025 By: JTK RCM, LLC F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NONE Class I Restricted Stock Units Award $0 +14K +97.7% $0.00 28.3K Dec 31, 2022 Class I Common Stock 14K By: Rialto Capital Management, LLC F2, F4, F5
transaction NONE Class I Restricted Stock Units Options Exercise $0 -14.3K -50.58% $0.00 14K Jan 2, 2025 Class I Common Stock 14.3K By: Rialto Capital Management, LLC F2, F4, F5
transaction NONE Class I Restricted Stock Units Award $0 +87.5K $0.00 87.5K Mar 31, 2023 Class I Common Stock 87.5K By: Rialto Capital Management, LLC F2, F4, F5
transaction NONE Class I Restricted Stock Units Award $0 +95.1K $0.00 95.1K Jun 30, 2023 Class I Common Stock 95.1K By: Rialto Capital Management, LLC F2, F4, F5
transaction NONE Class I Restricted Stock Units Award $0 +101K $0.00 101K Sep 30, 2023 Class I Common Stock 101K By: Rialto Capital Management, LLC F2, F4, F5
transaction NONE Class I Restricted Stock Units Award $0 +104K +199.02% $0.00 156K Dec 31, 2023 Class I Common Stock 104K By: Rialto Capital Management, LLC F2, F4, F5
transaction NONE Class I Restricted Stock Units Award $0 -52K -33.44% $0.00 104K Jan 2, 2025 Class I Common Stock 52K By: Rialto Capital Management, LLC F2, F4, F5
transaction NONE Class I Restricted Stock Units Award $0 +156K $0.00 156K Mar 31, 2024 Class I Common Stock 156K By: Rialto Capital Management, LLC F2, F4, F5
transaction NONE Class I Restricted Stock Units Award $0 +159K $0.00 159K Jun 30, 2024 Class I Common Stock 159K By: Rialto Capital Management, LLC F2, F4, F5
transaction NONE Class I Restricted Stock Units Award $0 +159K $0.00 159K Sep 30, 2024 Class I Common Stock 159K By: Rialto Capital Management, LLC F2, F4, F5
transaction NONE Class I Restricted Stock Units Award $0 +157K $0.00 157K Dec 31, 2024 Class I Common Stock 157K By: Rialto Capital Management, LLC F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Class I Common Stock was issued in exchange for vested Class I Restricted Stock Units issued under the Class I Restricted Stock Unit Agreement between FS Credit Real Estate Income Trust, Inc. (the "Company"), FS Real Estate Advisor, LLC (the "Advisor") and Rialto Capital Management, LLC.
F2 The reporting person disclaims beneficial ownership of any shares held by Rialto Capital Management, LLC that exceed his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F3 JTK RCM, LLC is jointly owned by reporting person and his spouse.
F4 In accordance with the Advisory Agreement between the Company and the Adviser, the Company shall pay the Adviser an administrative services fee equal to 1.0% of the Company's net asset value per annum, payable quarterly, in Class I Restricted Stock Units, subject to the terms and conditions set forth in the Class I Restricted Stock Unit Agreement between the Company and the Adviser. The administrative services fee is split 50/50 between the Adviser and Rialto Capital Management LLC.
F5 In accordance with the Class I Restricted Stock Unit Agreement between the Company, the Adviser and Rialto Capital Management, LLC, Class I Restricted Stock Units shall be exchanged for Class I Common Stock on the first, second and third anniversary following the grant of such Class I Restricted Stock Units, in each case in equal 1/3 installments.