Michael C. Forman - 30 Apr 2025 Form 4 Insider Report for FS Credit Real Estate Income Trust, Inc. (FSREI)

Reporting relationship: President & CEO, Director
Issuer ticker: FSREI
Reported as of: 30 Apr 2025
Net transaction value: -$9,866,422
SEC form: 4
Accepted by SEC: 02 May 2025, 18:27:21 UTC
Prior SEC filing: 25 Apr 2025
Next SEC filing: 14 Jul 2025
Source filing: View source filing
Reporting owner signature: /s/ Michael C. Forman

Key filing fact

Michael C. Forman filed Form 4 for FS Credit Real Estate Income Trust, Inc. (FSREI) on 02 May 2025.

Key facts

This page summarizes Michael C. Forman's Form 4 filing for FS Credit Real Estate Income Trust, Inc. (FSREI).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 02 May 2025, 18:27.

Change

Previous filing in this sequence was filed on 25 Apr 2025.
Current net transaction value: -$9,866,422.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001438253 Primary reporting owner

Forman Michael C.

Relationship: President & CEO, Director
Address: FS CREDIT REAL ESTATE INCOME TRUST, 201 ROUSE BOULEVARD, PHILADELPHIA
Signature: /s/ Michael C. Forman
Signature date: 02 May 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FSREI transaction

Class I Common Stock

Disposed to Issuer

Transaction value: $3,774,486
Shares: -156,800
Change %: -70%
Price: $24.07
Shares after: 66,310
Date: 30 Apr 2025
Ownership: By: Franklin Square Holdings, LP
Footnotes: F1

FSREI transaction

Class I Common Stock

Disposed to Issuer

Transaction value: $6,091,936
Shares: -253,072
Change %: -100%
Price: $24.07
Shares after: 0
Date: 30 Apr 2025
Ownership: By: FS Real Estate Advisor, LLC
Footnotes: F1

FSREI holding

Class T Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,507
Date: 30 Apr 2025
Ownership: By: FSH Seed Capital Vehicle I LLC
Footnotes: F1

FSREI holding

Class M Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 414
Date: 30 Apr 2025
Ownership: By: FSH Seed Capital Vehicle I LLC
Footnotes: F1

FSREI holding

Class S Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 412
Date: 30 Apr 2025
Ownership: By: FSH Seed Capital Vehicle I LLC
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

FSREI holding Derivative

Class I Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,370,302
Date: 30 Apr 2025
Ownership: By: Franklin Square Holdings, LP
Underlying class: Class I Common Stock
Underlying amount: 1,370,302
Exercise price
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

The reporting person disclaims beneficial ownership of any shares held by Franklin Square Holdings, L.P., FS Real Estate Advisor, LLC and FSH Seed Capital Vehicle I LLC, a wholly owned subsidiary of Franklin Square Holdings, L.P., 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.

Footnote F2

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.

Footnote F3

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 Stock, subject to time based vesting.