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

Role
President & CEO, Director
Signature
/s/ Michael C. Forman
Stock symbol
NONE
Transactions as of
Jan 2, 2025
Transactions value $
$0
Form type
4
Date filed
2/7/2025, 04:29 PM
Previous filing
Jan 3, 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 Jan 2, 2025 By: Franklin Square Holdings, LP F1, F2
holding NONE Class I Common Stock 253K Jan 2, 2025 By: FS Real Estate Advisor, LLC F2
holding NONE Class T Common Stock 2.51K Jan 2, 2025 By: FSH Seed Capital Vehicle I LLC F2
holding NONE Class M Common Stock 414 Jan 2, 2025 By: FSH Seed Capital Vehicle I LLC F2
holding NONE Class S Common Stock 412 Jan 2, 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 Dec 31, 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 Jan 2, 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 Mar 31, 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 Jun 30, 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 Sep 30, 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 Dec 31, 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 Jan 2, 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 Mar 31, 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 Jun 30, 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 Sep 30, 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 Dec 31, 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.