Richard S. Ressler - Jul 29, 2024 Form 4 Insider Report for CIM REAL ESTATE FINANCE TRUST, INC. (CMRF)

Role
CEO & President, Director
Signature
/s/ Richard S. Ressler
Stock symbol
CMRF
Transactions as of
Jul 29, 2024
Transactions value $
$0
Form type
4
Date filed
7/30/2024, 02:46 PM
Previous filing
Jan 11, 2024
Next filing
Dec 17, 2024

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 CMRF Restricted Stock Units Award $0 +1.06M +47.91% $0.00 3.29M Jul 29, 2024 Common Stock 1.06M By CIM Real Estate Finance Management, LLC F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, payable 50% in the Issuer's common stock and 50% in the cash value thereof.
F2 The restricted stock units vest in three equal annual installments beginning on June 30, 2025.
F3 The reported shares are owned directly by CIM Real Estate Finance Management, LLC. The reporting person, Avraham Shemesh and Shaul Kuba may be deemed to beneficially own the shares owned by CIM Real Estate Finance Management, LLC because of their positions with CIM Group, LLC, which is the sole common equity member of CCO Group, LLC, which owns and controls CIM Real Estate Finance Management, LLC. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.