[Form 4] ACRES Commercial Realty Corp. Insider Trading Activity
Rhea-AI Filing Summary
Eagle Point Credit Management LLC and affiliate Eagle Point DIF GP I LLC, both 10% owners of ACRES Commercial Realty Corp. (ACR), filed a Form 4 disclosing two open-market sales of the company’s 7.875% Series D Preferred Stock.
- 07/30/2025: 1,727 shares sold at $22.20; Series D position fell to 817,982 shares.
- 07/31/2025: 13,008 shares sold at $22.30 (weighted-average 22.24-22.35); position fell to 804,974 shares.
- Total shares sold: 14,735, representing ≈1.8% of the reporter’s prior Series D holdings.
The entities retain sizable indirect stakes in ACR: 804,974 Series D preferred shares, 393,646 Series C preferred shares, and 1,177,060 common shares. All ownership is indirect through private funds/accounts managed by Eagle Point; the filers expressly disclaim beneficial ownership beyond their pecuniary interest.
No transactions were reported in common stock or Series C preferred. Given the modest scale of the sale relative to the overall preferred position and the absence of accompanying fundamental news, the filing signals routine portfolio rebalancing rather than a material change in insider sentiment.
Positive
- None.
Negative
- None.
Insights
TL;DR: Minor insider sale (1.8% of stake) in ACR Series D preferred; impact neutral.
The Eagle Point entities trimmed 14.7 k Series D preferred shares at ≈$22.3, a small fraction of their 820 k-share position. They still hold a diversified mix of ACR securities—over 1.17 MM common, 394 k Series C, and 805 k Series D. Transaction size (≈$0.33 M) is immaterial to ACR’s market cap and does not alter control dynamics. As preferred shares have fixed coupons, equity-like signaling is limited. I view the activity as routine liquidity management rather than bearish commentary. Market impact should be negligible.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | 7.875% Series D Preferred Stock | 13,008 | $22.30 | $290K |
| Sale | 7.875% Series D Preferred Stock | 1,727 | $22.20 | $38K |
| 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 $22.24 to $22.35 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.
