Eagle Point funds trim ACRES (NYSE: ACR) preferred stakes in Form 4

Rhea-AI Filing Summary

Funds managed by Eagle Point Credit Management LLC reported sales of ACRES Commercial Realty preferred shares. Between January 28 and 30, 2026, Applicable Accounts sold a total of 2,166 shares of 7.875% Series D Preferred Stock at $22.10 per share and 2,868 shares of 8.625% Series C Preferred Stock at a weighted average price of $25.09. After these transactions, the Applicable Accounts indirectly held 751,433 Series D preferred shares, 355,562 Series C preferred shares, and 1,177,060 common shares of ACRES Commercial Realty Corp. Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC state that the securities are held by private funds and accounts they manage and that they disclaim beneficial ownership of the reported securities.

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

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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)
01/28/2026

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	01/28/2026		S		201	D	$22.1	753,398	I	See footnotes(1)(2)(3)
7.875% Series D Preferred Stock	01/29/2026		S		53	D	$22.1	753,345	I	See footnotes(1)(2)(3)
7.875% Series D Preferred Stock	01/30/2026		S		1,912	D	$22.1	751,433	I	See footnotes(1)(2)(3)
Common Stock, $0.001 par value								1,177,060	I	See footnotes(1)(2)(3)
8.625% Series C Preferred Stock	01/30/2026		S		2,868	D	$25.09	355,562	I	See footnotes(1)(2)(3)(4)

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 $25.08 to $25.10 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	01/30/2026
	/s/ Courtney Fandrick, Authorized Person of Eagle Point DIF GP I LLC	01/30/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider activity did ACR report for Eagle Point Credit Management LLC?

Funds and accounts managed by Eagle Point Credit Management LLC reported selling ACR preferred shares. They sold Series C and Series D preferred stock while continuing to hold large indirect positions in both series and in ACR common stock after the transactions.

How many ACR 7.875% Series D preferred shares were sold in this Form 4?

Applicable Accounts sold 2,166 shares of ACR 7.875% Series D Preferred Stock. Sales occurred over three days at $22.10 per share, leaving 751,433 Series D preferred shares indirectly held after the reported transactions by the managed accounts.

What were the reported sales of ACR 8.625% Series C Preferred Stock?

Applicable Accounts sold 2,868 shares of ACR 8.625% Series C Preferred Stock at a weighted average price of $25.09 per share. The filing states 355,562 Series C preferred shares remained indirectly held by these accounts following the reported sale.

How many ACRES Commercial Realty (ACR) common shares are indirectly held after these trades?

The Form 4 reports 1,177,060 ACR common shares indirectly held after the transactions. These shares are owned by private investment funds and accounts managed by Eagle Point Credit Management LLC, not directly by the reporting entities themselves.

Who are the reporting persons in the ACR Form 4 and what is their role?

The reporting persons are Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC, each a 10% owner. They manage or act as general partner to private funds and accounts that directly hold the ACR securities disclosed in the Form 4 filing.

Do Eagle Point entities claim beneficial ownership of the ACR securities reported?

No. Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC expressly disclaim beneficial ownership of the ACR securities. They note any interest is an “indirect pecuniary interest” through the funds and accounts they manage or serve as general partner.

How is the sale price of ACR 8.625% Series C preferred shares described?

The filing reports a weighted average sale price of $25.09 per share for the 8.625% Series C preferred stock. It explains trades occurred between $25.08 and $25.10 per share, and detailed breakdowns are available upon request from the reporting persons.