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

Financial Analyst

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.

Corporate Governance Expert

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.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Eagle Point Credit Management LLC

(Last) (First) (Middle)

600 STEAMBOAT ROAD, SUITE 202

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ACRES Commercial Realty Corp. [ ACR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
7.875% Series D Preferred Stock	08/19/2025		S		1,674	D	$22.3	803,300	I	See footnotes(1)(2)(3)
7.875% Series D Preferred Stock	08/21/2025		S		4,291	D	$22.31	799,009	I	See footnotes(1)(2)(3)(4)
Common Stock, $0.001 par value								1,177,060	I	See footnotes(1)(2)(3)
8.625% Series C Preferred Stock								393,646	I	See footnotes(1)(2)(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Eagle Point Credit Management LLC

(Last) (First) (Middle)

600 STEAMBOAT ROAD, SUITE 202

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Eagle Point DIF GP I LLC

(Last) (First) (Middle)

600 STEAMBOAT ROAD, SUITE 202

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

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.

2. 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.

3. 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.

4. 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.

	/s/ Courtney Fandrick, Chief Compliance Officer of Eagle Point Credit Management LLC	08/21/2025
	/s/ Courtney Fandrick, Authorized Person of Eagle Point DIF GP I LLC	08/21/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What transactions does the ACRES (ACR) Form 4 report show?

The Form 4 reports sales of 7.875% Series D preferred stock on 08/19/2025 (1,674 shares at a weighted average ~$22.30) and on 08/21/2025 (4,291 shares at a weighted average ~$22.31).

Who filed the Form 4 for ACR and what is their relationship to the issuer?

The filing was made by Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC, each identified as a director and a 10% owner relationship to the issuer, with holdings reported as indirect.

How many common and other preferred shares are reported as beneficially owned indirectly?

The filing reports indirect beneficial ownership of 1,177,060 common shares and 393,646 shares of 8.625% Series C preferred stock, plus the Series D preferred holdings shown.

Do the filers claim direct beneficial ownership of the reported securities?

No. The filers include a disclaimer under Rule 16a-1(a)(4) stating they disclaim beneficial ownership and note the securities are held in managed Applicable Accounts.

What price range were the Series D preferred shares sold at?

The footnote states the Series D preferred shares were sold in multiple transactions at prices ranging from $22.30 to $22.33 per share, with the reported prices as weighted averages.