Jeffrey P. Krasnoff - 14 Apr 2025 Form 4 Insider Report for FS Credit Real Estate Income Trust, Inc. (FSREI)

Role: Director
Signature: /s/ Jeffrey Krasnoff
Issuer symbol: FSREI
Transactions as of: 14 Apr 2025
Net transactions value: $0
Form type: 4
Filing time: 25 Apr 2025, 16:11:52 UTC
Previous filing: 07 Feb 2025
Next filing: 14 Jul 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	FSREI	Class I Common Stock						476,183	14 Apr 2025	By: Rialto Capital Management, LLC	F1
holding	FSREI	Class I Common Stock						21,434	14 Apr 2025	By: JTK RCM, LLC	F2
holding	FSREI	Class F Common Stock						35,724	14 Apr 2025	By: JTK RCM, 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	FSREI	Class I Restricted Stock Units	Award	$0	+153,965	+13%	$0.000000	1,370,302	14 Apr 2025	Class I Common Stock	153,965		By: Rialto Capital Management, LLC	F1, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	JTK RCM, LLC is jointly owned by reporting person and his spouse.
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 (as amended) 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 (as amended) between the Company, the Adviser and Rialto Capital Management, LLC, Class I Restricted Stock Units shall be exchanged for Class I Common, subject to time based vesting.