Form 4: Eagle Point reports ACR preferred sales; indirect holdings remain sizable
Rhea-AI Filing Summary
Filing records insider sales by Eagle Point-affiliated reporting persons in ACRES Commercial Realty Corp. (ACR). The report shows sales of 7.875% Series D preferred shares on 08/19/2025 (1,674 shares at a weighted average ~$22.30) and 08/21/2025 (4,291 shares at a weighted average ~$22.31). Following the transactions, the reporting persons report indirect beneficial ownership of 803,300 and 799,009 shares of Series D preferred stock (reflecting the sales) and indirect holdings of 1,177,060 common shares and 393,646 shares of 8.625% Series C preferred stock. Disclosures state the securities are held in managed accounts and the report disclaims beneficial ownership.
Positive
- None.
Negative
- Reported sales of Series D preferred stock: 1,674 shares on 08/19/2025 and 4,291 shares on 08/21/2025, reducing indirect holdings.
- Reduction in reported Series D holdings: Indirect beneficial ownership decreased from 803,300 to 799,009 shares following sales.
Insights
TL;DR: Small-scale weighted-average sales of Series D preferred stock by Eagle Point-managed accounts; holdings remain substantial and reported as indirect.
The transactions consist of modest dispositions (1,674 and 4,291 Series D preferred shares) executed at weighted average prices of $22.30–$22.31 per share. The report clarifies that the securities are held in applicable managed accounts, and the filers disclaim beneficial ownership. From an investor perspective, these appear to be routine portfolio management sales rather than an indicator of a change in strategic ownership or control.
TL;DR: Reporting persons are affiliated managers; disclosures follow Section 16 format and include appropriate disclaimers.
The filing identifies Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC as reporting persons and notes indirect pecuniary interests through managed accounts. The inclusion of Rule 16a-1(a)(4) disclaimers and a weighted-average price footnote indicates compliance with disclosure requirements. The transactions reduced reported indirect holdings modestly but did not eliminate the reporting persons' significant indirect positions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | 7.875% Series D Preferred Stock | 4,291 | $22.31 | $96K |
| Sale | 7.875% Series D Preferred Stock | 1,674 | $22.30 | $37K |
| holding | Common Stock, $0.001 par value | -- | -- | -- |
| holding | 8.625% Series C Preferred Stock | -- | -- | -- |
Footnotes (1)
- The securities are directly held by certain private investment funds and/or certain accounts (the "Applicable Accounts") managed by Eagle Point Credit Management LLC ("EPCM"). Eagle Point DIF GP I LLC ("DIF GP") serves as general partner to certain Applicable Accounts. EPCM and DIF GP could be deemed to have an "indirect pecuniary interest" (within the meaning of Rule 16a-1(a)(2)(ii) under the Securities Exchange Act of 1934) in securities reported herein. Each of the Reporting Persons hereby disclaims beneficial ownership of the securities described in this report pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934 and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of any of the reported securities for purposes of Section 16 or for any other purpose. The price reported reflects the weighted average price per share. These securities were sold in multiple transactions at prices ranging from $22.30 to $22.33 per share, inclusive. Upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, the reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
