[Form 4] ACRES Commercial Realty Corp. Insider Trading Activity

Rhea-AI Filing Summary

Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC reported sales of ACRES Commercial Realty Corp. securities. The filings show two dispositions of the 7.875% Series D preferred stock on 09/22/2025 (transaction code S) and 09/24/2025 (transaction code S) at prices of $22.63 and $22.60 respectively. Following those transactions, the reporting persons disclose indirect beneficial ownership positions including 774,084 and 773,984 shares of the Series D preferred, 1,177,060 shares of common stock, and 393,646 shares of 8.625% Series C preferred stock held indirectly through managed accounts. The report is signed by an authorized representative on 09/24/2025.

Positive

• Timely regulatory disclosure filed and signed on 09/24/2025, meeting Section 16 reporting requirements
• Detailed ownership breakdown provided for Series D preferred, Series C preferred, and common stock held indirectly

Negative

• Reported dispositions of 7.875% Series D preferred stock on 09/22/2025 and 09/24/2025 may concern investors monitoring insider selling
• Large indirect holdings (1,177,060 common; 393,646 Series C pref; ~774k Series D pref) concentrated with a single manager could present concentration risk

Insights

Financial Analyst

TL;DR: Large indirect holdings with modest dispositions of Series D preferred; no earnings or operational data disclosed.

The filing documents small-scale dispositions of the 7.875% Series D preferred at roughly $22.60 per share on two dates and reports substantial indirect holdings across preferred and common classes. Because the securities are held indirectly in managed accounts, the transactions reflect portfolio-level rebalancing or client-directed activity rather than direct insider transfers. The disclosure clarifies ownership counts but does not provide information on intent, cash proceeds, or timing beyond trade dates and prices, limiting financial impact assessment.

Corporate Governance Expert

TL;DR: Reporting complies with Section 16 but raises governance questions because a large institutional manager reported multiple dispositions.

The form is properly executed and explains that the securities are held by private funds and accounts managed by the reporting entities, with an indirect pecuniary interest noted. The filing includes the required disclaimers of beneficial ownership under Rule 16a-1(a)(4). From a governance perspective, multiple near-term dispositions by a 10% owner warrant attention by investors monitoring insider activity, but the filing itself contains no allegations or irregularities.

09/24/2025 - 06:33 PM

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).

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)
09/22/2025

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	09/22/2025		S		126	D	$22.63	774,084	I	See footnotes(1)(2)(3)
7.875% Series D Preferred Stock	09/24/2025		S		100	D	$22.6	773,984	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								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.

	/s/ Courtney Fandrick, Chief Compliance Officer of Eagle Point Credit Management LLC	09/24/2025
	/s/ Courtney Fandrick, Authorized Person of Eagle Point DIF GP I LLC	09/24/2025
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Eagle Point report for ACRES Commercial Realty Corp. (ACR)?

The report shows dispositions of 7.875% Series D preferred stock on 09/22/2025 and 09/24/2025 at prices of $22.63 and $22.60, respectively.

How many ACRES shares do the reporting persons beneficially own after the transactions?

The filing discloses indirect beneficial ownership of 774,084 and 773,984 Series D preferred shares, 1,177,060 common shares, and 393,646 8.625% Series C preferred shares.

Who signed the Form 4 for these transactions?

The Form 4 was signed by Courtney Fandrick as Chief Compliance Officer of Eagle Point Credit Management LLC and as authorized person of Eagle Point DIF GP I LLC on 09/24/2025.

Are the reported holdings direct or indirect?

The filing states the securities are held indirectly by private funds and accounts managed by Eagle Point Credit Management LLC, with Eagle Point DIF GP I LLC serving as a general partner for certain accounts.

Does the Form 4 disclose reasons for the sales or use of proceeds?

No. The filing lists transaction dates, codes, prices, and resulting ownership counts but does not provide reasons for the dispositions or use of proceeds.