ACRES Commercial Realty Corp. (ACR) COO gains 309,675 shares via merger conversion

Rhea-AI Filing Summary

ACRES Commercial Realty Corp. reported that Chief Operating Officer Kyle K. Brengel acquired 309,675 shares of common stock on 2026-08-06 at a reported price of $0.0000 per share. The acquisition reflects the conversion of ACRES Capital Corp. shares into ACRES Commercial Realty stock at a 2.61882-to-1 exchange ratio under an Agreement and Plan of Merger dated April 29, 2026. Following this transaction, Brengel directly holds 321,925 common shares. The transaction was not reported as executed under a Rule 10b5-1 trading plan.

Insider Trade Summary

Net Buyer: 309,675 shares

Net Buy 1 txn

Insider Brengel Kyle K.

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	309,675	$0.00	$0.00

Holdings After Transaction: Common Stock — 321,925 shares (Direct)

Footnotes (1)

1. F1. Pursuant to the Agreement and Plan of Merger, dated April 29, 2026, between ACRES Commercial Realty Corp. (the "Company") and ACRES Holdings Sub LLC, a subsidiary of the Company, on the one hand, and ACRES Capital Corp ("ACC") and ACRES Capital, LLC, a subsidiary of ACC and the external manager of the Company, on the other hand, (i) each outstanding share of common stock, $0.0001 par value per share, of ACC converted into the right to receive 2.61882 shares of common stock, $0.001 par value per share, of the Company.

Key Figures

Shares acquired: 309,675 shares of common stock Price per share: $0.0000 per share Post-transaction holdings: 321,925 shares +2 more

5 metrics

Shares acquired 309,675 shares of common stock Non-derivative acquisition on 2026-08-06 coded as grant/award or other acquisition

Price per share $0.0000 per share Reported acquisition price for the 309,675 common shares received

Post-transaction holdings 321,925 shares Total direct ownership of ACRES Commercial Realty common stock after the transaction

Merger exchange ratio 2.61882 shares Each ACRES Capital Corp. share converted into 2.61882 ACRES Commercial Realty common shares

Merger agreement date April 29, 2026 Date of the Agreement and Plan of Merger governing the share conversion

Key Terms

Agreement and Plan of Merger, par value, external manager, right to receive

4 terms

Agreement and Plan of Merger regulatory

"Pursuant to the Agreement and Plan of Merger, dated April 29, 2026, between ACRES Commercial"

An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.

par value financial

"each outstanding share of common stock, $0.0001 par value per share, of ACC converted"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

external manager financial

"ACRES Capital, LLC, a subsidiary of ACC and the external manager of the Company"

right to receive regulatory

"each outstanding share of common stock ... of ACC converted into the right to receive 2.61882"

FAQ

What did ACRES Commercial Realty (ACR) COO Kyle K. Brengel report in this Form 4?

Kyle K. Brengel reported acquiring 309,675 shares of ACRES Commercial Realty common stock on 2026-08-06. The shares were received at a reported price of $0.0000 per share through a merger-related share conversion rather than an open-market purchase.

How many ACRES Commercial Realty (ACR) shares does Kyle K. Brengel own after this transaction?

After the reported transaction, Kyle K. Brengel directly owns 321,925 shares of ACRES Commercial Realty common stock. This reflects his prior holdings plus the 309,675 shares received in the merger-related conversion disclosed in the Form 4.

How did Kyle K. Brengel acquire the 309,675 ACRES Commercial Realty (ACR) shares?

The 309,675 shares were acquired via a merger conversion, not a market purchase. Each ACRES Capital Corp. share converted into the right to receive 2.61882 shares of ACRES Commercial Realty common stock under an Agreement and Plan of Merger dated April 29, 2026.

What was the reported price for Kyle K. Brengel’s ACRES Commercial Realty (ACR) share acquisition?

The acquisition of 309,675 shares of ACRES Commercial Realty common stock was reported at $0.0000 per share. This zero price indicates the shares were obtained through a corporate transaction (a merger-related share conversion) rather than a cash purchase in the open market.

Was Kyle K. Brengel’s ACRES Commercial Realty (ACR) transaction under a Rule 10b5-1 plan?

The transaction was not reported as made pursuant to a Rule 10b5-1 trading plan. The Rule 10b5-1 affirmation checkbox for the reported transactions is not marked as being under such a pre-arranged trading arrangement in this disclosure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/07/2026 - 04:03 PM Accepted by SEC EDGAR 08/07/2026 - 04:02 PM Learn about SEC filing dates

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
Estimated average burden
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^*

Brengel Kyle K.

(Last) (First) (Middle)

390 RXR PLAZA

(Street)

UNIONDALE NEW YORK 11556

(City) (State) (Zip)

UNITED STATES

(Country)

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		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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
Common Stock	08/06/2026		A(1)		309,675	A	$0(1)	321,925	D

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

Explanation of Responses:

1. Pursuant to the Agreement and Plan of Merger, dated April 29, 2026, between ACRES Commercial Realty Corp. (the "Company") and ACRES Holdings Sub LLC, a subsidiary of the Company, on the one hand, and ACRES Capital Corp ("ACC") and ACRES Capital, LLC, a subsidiary of ACC and the external manager of the Company, on the other hand, (i) each outstanding share of common stock, $0.0001 par value per share, of ACC converted into the right to receive 2.61882 shares of common stock, $0.001 par value per share, of the Company.

	/s/ Julie Wilson, attorney-in-fact	08/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)