Richard S. Ressler - Jul 7, 2021 Form 4 Insider Report for CIM Commercial Trust Corp (CMCT)

Role: Director, 10%+ Owner
Signature: /s/ David Thompson, attorney in fact
Stock symbol: CMCT
Transactions as of: Jul 7, 2021
Transactions value $: $2,233,450
Form type: 4
Date filed: 7/9/2021, 06:44 PM
Previous filing: Jul 6, 2021
Next filing: Aug 4, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CMCT	Series A Preferred Shares	Purchase	$2.23M	+89.3K	+29.93%	$25.00^*	388K	Jul 7, 2021	See footnote (2)	F1, F2

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

Explanation of Responses:

Id	Content
F1	CIM Capital, LLC ("CIM Capital"), a wholly owned subsidiary of CIM Group, LLC, received 89,338 shares of Series A Preferred Stock from the Issuer as payment for the obligation of CIM Urban Partners, L.P. ("CIM Urban"), a wholly-owned indirect subsidiary of the Issuer, to pay CIM Capital a management fee in respect of the first fiscal quarter of 2021 pursuant to the investment management agreement between CIM Capital and CIM Urban.
F2	CIM Group, LLC is the sole equity member of CIM Capital. The reporting person, Avraham Shemesh and Shaul Kuba may be deemed to beneficially own all of the shares of Series A Preferred Stock acquired from CIM Capital because of their positions with CIM Group, LLC. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and the inclusion of such 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.

Content

CIM Capital, LLC ("CIM Capital"), a wholly owned subsidiary of CIM Group, LLC, received 89,338 shares of Series A Preferred Stock from the Issuer as payment for the obligation of CIM Urban Partners, L.P. ("CIM Urban"), a wholly-owned indirect subsidiary of the Issuer, to pay CIM Capital a management fee in respect of the first fiscal quarter of 2021 pursuant to the investment management agreement between CIM Capital and CIM Urban.

CIM Group, LLC is the sole equity member of CIM Capital. The reporting person, Avraham Shemesh and Shaul Kuba may be deemed to beneficially own all of the shares of Series A Preferred Stock acquired from CIM Capital because of their positions with CIM Group, LLC. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and the inclusion of such 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.