Jeffrey P. Krasnoff - 02 Jan 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
02 Jan 2025
Net transactions value
$0
Form type
4
Filing time
07 Feb 2025, 16:25:23 UTC
Previous filing
04 Oct 2024
Next filing
25 Apr 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FSREI Class I Common Stock Award $0 +66,310 +16% $0.000000 476,183 02 Jan 2025 By: Rialto Capital Management, LLC F1, F2
holding FSREI Class I Common Stock 21,163 02 Jan 2025 By: JTK RCM, LLC F3
holding FSREI Class F Common Stock 35,222 02 Jan 2025 By: JTK RCM, LLC F3

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 +13,975 +98% $0.000000 28,280 31 Dec 2022 Class I Common Stock 13,975 By: Rialto Capital Management, LLC F2, F4, F5
transaction FSREI Class I Restricted Stock Units Options Exercise $0 -14,305 -51% $0.000000 13,975 02 Jan 2025 Class I Common Stock 14,305 By: Rialto Capital Management, LLC F2, F4, F5
transaction FSREI Class I Restricted Stock Units Award $0 +87,489 $0.000000 87,489 31 Mar 2023 Class I Common Stock 87,489 By: Rialto Capital Management, LLC F2, F4, F5
transaction FSREI Class I Restricted Stock Units Award $0 +95,091 $0.000000 95,091 30 Jun 2023 Class I Common Stock 95,091 By: Rialto Capital Management, LLC F2, F4, F5
transaction FSREI Class I Restricted Stock Units Award $0 +101,222 $0.000000 101,222 30 Sep 2023 Class I Common Stock 101,222 By: Rialto Capital Management, LLC F2, F4, F5
transaction FSREI Class I Restricted Stock Units Award $0 +103,501 +199% $0.000000 155,507 31 Dec 2023 Class I Common Stock 103,501 By: Rialto Capital Management, LLC F2, F4, F5
transaction FSREI Class I Restricted Stock Units Award $0 -52,006 -33% $0.000000 103,501 02 Jan 2025 Class I Common Stock 52,006 By: Rialto Capital Management, LLC F2, F4, F5
transaction FSREI Class I Restricted Stock Units Award $0 +156,273 $0.000000 156,273 31 Mar 2024 Class I Common Stock 156,273 By: Rialto Capital Management, LLC F2, F4, F5
transaction FSREI Class I Restricted Stock Units Award $0 +158,599 $0.000000 158,599 30 Jun 2024 Class I Common Stock 158,599 By: Rialto Capital Management, LLC F2, F4, F5
transaction FSREI Class I Restricted Stock Units Award $0 +159,124 $0.000000 159,124 30 Sep 2024 Class I Common Stock 159,124 By: Rialto Capital Management, LLC F2, F4, F5
transaction FSREI Class I Restricted Stock Units Award $0 +157,275 $0.000000 157,275 31 Dec 2024 Class I Common Stock 157,275 By: Rialto Capital Management, LLC F2, F4, F5
* 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 "Advisor") and Rialto Capital Management, LLC.
F2 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.
F3 JTK RCM, LLC is jointly owned by reporting person and his spouse.
F4 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.
F5 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.