Michael C. Forman - 02 Jan 2025 Form 4 Insider Report for FS Credit Real Estate Income Trust, Inc. (NONE)

Role
President & CEO, Director
Signature
/s/ Michael C. Forman
Issuer symbol
NONE
Transactions as of
02 Jan 2025
Transactions value $
$0
Form type
4
Filing time
07 Feb 2025, 16:29:05 UTC
Previous filing
03 Jan 2025
Next filing
25 Apr 2025
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 +42.29% $0.00 223K 02 Jan 2025 By: Franklin Square Holdings, LP F1, F2
holding NONE Class I Common Stock 253K 02 Jan 2025 By: FS Real Estate Advisor, LLC F2
holding NONE Class T Common Stock 2.51K 02 Jan 2025 By: FSH Seed Capital Vehicle I LLC F2
holding NONE Class M Common Stock 414 02 Jan 2025 By: FSH Seed Capital Vehicle I LLC F2
holding NONE Class S Common Stock 412 02 Jan 2025 By: FSH Seed Capital Vehicle I LLC F2

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 31 Dec 2022 Class I Common Stock 14K By: Franklin Square Holdings, LP F2, F3, F4
transaction NONE Class I Restricted Stock Units Options Exercise $0 -14.3K -50.58% $0.00 14K 02 Jan 2025 Class I Common Stock 14.3K By: Franklin Square Holdings, LP F2, F3, F4
transaction NONE Class I Restricted Stock Units Award $0 +87.5K $0.00 87.5K 31 Mar 2023 Class I Common Stock 87.5K By: Franklin Square Holdings, LP F2, F3, F4
transaction NONE Class I Restricted Stock Units Award $0 +95.1K $0.00 95.1K 30 Jun 2023 Class I Common Stock 95.1K By: Franklin Square Holdings, LP F2, F3, F4
transaction NONE Class I Restricted Stock Units Award $0 +101K $0.00 101K 30 Sep 2023 Class I Common Stock 101K By: Franklin Square Holdings, LP F2, F3, F4
transaction NONE Class I Restricted Stock Units Award $0 +104K +199.02% $0.00 156K 31 Dec 2023 Class I Common Stock 104K By: Franklin Square Holdings, LP F2, F3, F4
transaction NONE Class I Restricted Stock Units Options Exercise $0 -52K -33.44% $0.00 104K 02 Jan 2025 Class I Common Stock 52K By: Franklin Square Holdings, LP F2, F3, F4
transaction NONE Class I Restricted Stock Units Award $0 +156K $0.00 156K 31 Mar 2024 Class I Common Stock 156K By: Franklin Square Holdings, LP F2, F3, F4
transaction NONE Class I Restricted Stock Units Award $0 +159K $0.00 159K 30 Jun 2024 Class I Common Stock 159K By: Franklin Square Holdings, LP F2, F3, F4
transaction NONE Class I Restricted Stock Units Award $0 +159K $0.00 159K 30 Sep 2024 Class I Common Stock 159K By: Franklin Square Holdings, LP F2, F3, F4
transaction NONE Class I Restricted Stock Units Award $0 +157K $0.00 157K 31 Dec 2024 Class I Common Stock 157K By: Franklin Square Holdings, LP F2, F3, F4
* 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 "Adviser") and Rialto Capital Management, LLC.
F2 The reporting person disclaims beneficial ownership of any shares held by Franklin Square Holdings, L.P., FS Real Estate Advisor, LLC and FSH Seed Capital Vehicle I LLC, a wholly owned subsidiary of Franklin Square Holdings, L.P., 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 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.
F4 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.