Anton Feingold - Jan 10, 2023 Form 4 Insider Report for Ares Commercial Real Estate Corp (ACRE)

Role
Gen. Counsel VP and Secretary
Signature
/s/ Anton Feingold
Stock symbol
ACRE
Transactions as of
Jan 10, 2023
Transactions value $
-$34,414
Form type
4
Date filed
1/12/2023, 07:40 PM
Previous filing
Dec 9, 2022
Next filing
Jun 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACRE Common Stock Sale -$34.4K -3.17K -5.55% $10.87 53.9K Jan 10, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares of common stock sold by the reporting person to cover tax withholding obligations in connection with the vesting of the common stock.
F2 The price reported in Column 4 is a weighted average price. These shares were sold on January 10, 2023 in multiple transactions at prices ranging from $10.80 to $10.95, inclusive. The reporting person undertakes to provide to Ares Commercial Real Estate Corporation (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote.
F3 Includes 32,000 restricted stock units granted under the Ares Commercial Real Estate Corporation Amended and Restated 2012 Equity Incentive Plan. The restricted stock units vest in installments with the applicable restricted stock unit award agreement. Each restricted stock unit represents the right to receive one share of the Issuer's common stock upon vesting.