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

Rhea-AI Filing Summary

Eagle Point Credit Management LLC and related entity Eagle Point DIF GP I LLC reported sales of ACRES Commercial Realty Corp. securities on September 17-19, 2025. The filing shows disposals of 2,825; 2,456; and 402 shares of the 7.875% Series D Preferred Stock at weighted-average prices of approximately $22.61–$22.62 per share, with the price range disclosed as $22.60 to $22.63. After those transactions the reporting persons disclose beneficial ownership of 775,328 (then 774,367 and 774,210 across dates) shares of Series D preferred, 393,646 shares of 8.625% Series C preferred, and 1,177,060 shares of common stock, all held indirectly through private funds/accounts they manage. The filing includes explanatory footnotes that the interests are indirect, that the reporting persons disclaim direct beneficial ownership, and that the sales occurred in multiple transactions. The report is signed and dated September 19, 2025.

Positive

• Substantial retained indirect ownership: Reporting entities continue to hold large positions including 1,177,060 common shares and 393,646 Series C preferred shares.
• Full disclosure and compliance: The Form 4 provides transaction dates, quantities, weighted-average prices, explanatory footnotes, and authorized signatures dated 09/19/2025.

Negative

• Disposition of Series D preferred stock: The reporting persons sold a total of 5,683 shares of 7.875% Series D Preferred Stock on 09/17–09/19/2025 at prices ranging from $22.60 to $22.63.

Insights

Financial Analyst

TL;DR Insider-related entities sold small blocks of Series D preferred shares while retaining substantial indirect ownership across multiple classes.

The transactions consist of modest disposals of Series D preferred shares over three days at about $22.60–$22.63 per share. The reporting entities continue to hold large indirect positions in Series D preferred, Series C preferred, and over 1.17 million common shares via managed accounts. From a capital-structure perspective, these are routine portfolio-level sales by investment vehicles rather than an outright change in control; the report also disclaims direct beneficial ownership and explains the holdings are in client funds, which limits interpretation of intent.

Corporate Governance Expert

TL;DR Form 4 discloses indirect sales by an affiliated manager with standard disclaimers and fund-level ownership, not an officer/direct personal sale.

The filing appropriately lists the relationship of the reporting persons to the issuer and provides footnotes clarifying indirect pecuniary interests and disclaimer of beneficial ownership. Signatures by the authorized compliance officer are included. The disclosure meets Section 16 reporting requirements by showing dates, quantities, and weighted-average price ranges, and it offers to provide per-transaction pricing to the SEC on request. There is no indication in the filing of any governance action or change in control.

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)
09/17/2025

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	09/17/2025		S		2,825	D	$22.61	775,328	I	See footnotes(1)(2)(3)(4)
7.875% Series D Preferred Stock	09/18/2025		S		2,456	D	$22.61	774,367	I	See footnotes(1)(2)(3)
7.875% Series D Preferred Stock	09/19/2025		S		402	D	$22.62	774,210	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 $22.60 to $22.63 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	09/19/2025
	/s/ Courtney Fandrick, Authorized Person of Eagle Point DIF GP I LLC	09/19/2025
	** 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 securities did Eagle Point report selling in the ACR Form 4?

The filing reports sales of 7.875% Series D Preferred Stock: 2,825 shares on 09/17/2025, 2,456 shares on 09/18/2025, and 402 shares on 09/19/2025.

At what prices were the ACR securities sold according to the Form 4?

The prices reported reflect a weighted-average range of $22.60 to $22.63 per share, with individual reported prices near $22.61–$22.62.

How many ACR shares do the reporting persons still beneficially own after these transactions?

The filing discloses indirect beneficial ownership of approximately 774,210–775,328 Series D preferred shares (shown across dates), 393,646 Series C preferred shares, and 1,177,060 common shares.

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

No. The filing includes footnotes stating the securities are held in private funds/accounts managed by Eagle Point and that the reporting persons disclaim direct beneficial ownership under Rule 16a-1(a)(4).

Who signed the Form 4 filing for these ACR transactions?

The Form 4 is signed by /s/ Courtney Fandrick in roles as Chief Compliance Officer of Eagle Point Credit Management LLC and Authorized Person of Eagle Point DIF GP I LLC, dated 09/19/2025.