Minor Sale Leaves Eagle Point Holding 841k ACR Series D Shares

Rhea-AI Filing Summary

Form 4 overview: Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC, both 10% owners of ACRES Commercial Realty Corp. (NYSE: ACR), disclosed two open-market sales of the company’s 7.875% Series D preferred stock.

Transactions: On 07/07/2025 they sold 273 shares at $22.20; on 07/08/2025 they sold 1,676 shares at the same price, for a combined 1,949 shares. After the trades, the reporting persons indirectly own 841,252 Series D preferred shares.

Remaining holdings: The entities also hold 1,177,060 shares of ACR common stock and 393,646 shares of 8.625% Series C preferred stock. No derivative transactions were reported.

Materiality: The sale represents roughly 0.2% of the insiders’ Series D position, indicating a modest portfolio adjustment rather than a strategic exit. The reporting persons expressly disclaim beneficial ownership beyond an "indirect pecuniary interest" under SEC rules.

Positive

• Insiders retain 841,252 Series D preferred shares, indicating continued sizeable exposure to the security.
• No common-stock disposals reported; insiders still hold 1,177,060 ACR common shares, aligning interests with shareholders.

Negative

• Insider selling activity, even if small, can be perceived as a bearish signal by some investors.

Insights

Securities Analyst

TL;DR: Small insider sale; negligible effect on ownership or outlook.

The disposition of 1,949 Series D preferred shares, valued at about $43k, trims less than 1% of Eagle Point’s stake and leaves a still-sizable 841k-share position. Absence of common-stock sales and the retention of significant preferred and common holdings suggest the transactions are routine liquidity management. From a valuation standpoint, the move is immaterial and does not signal a change in insider sentiment toward ACR.

Portfolio Manager

TL;DR: Transaction is operational, not strategic; impact muted.

Given ACR’s thinly traded preferred issues, the volume sold is minor and executed near $22.20, close to recent market prints. Post-sale holdings remain large, offering continued alignment with shareholders. The lack of derivative activity and maintenance of over 1.17 million common shares reinforce a neutral read-through for investors.

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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hours per response:			0.5

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)
07/07/2025

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	07/07/2025		S		273	D	$22.2	842,928	I	See footnotes(1)(2)(3)
7.875% Series D Preferred Stock	07/08/2025		S		1,676	D	$22.2	841,252	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/ Kenneth P. Onorio, Chief Financial Officer of Eagle Point Credit Management LLC	07/09/2025
	/s/ Kenneth P. Onorio, Chief Financial Officer of Eagle Point DIF GP I LLC	07/09/2025
	** Signature of Reporting Person	Date
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FAQ

What did Eagle Point sell in the latest ACR Form 4?

Two sales totaling 1,949 shares of 7.875% Series D preferred stock were reported.

At what price were the ACR Series D shares sold?

Both transactions were executed at $22.20 per share.

How many Series D preferred shares does Eagle Point still own?

After the sales, the reporting persons indirectly own 841,252 Series D shares.

Did the insiders sell any ACR common stock?

No. The filing shows 1,177,060 common shares still held with no sales reported.

Were any derivative securities involved in this Form 4?

No derivative transactions were reported in the filing.