ACRES Commercial (NYSE: ACR) president gets 1.44M shares in merger
Rhea-AI Filing Summary
ACRES Commercial Realty Corp. reported that President and 10% owner Mark S. Fogel acquired 1,440,552 shares of common stock on 2026-08-06 through a grant/award connected to a merger with ACRES Capital Corp. Following this transaction, he directly holds 1,447,218 shares of the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,440,552 shares
Net Buy
1 txn
Insider
Fogel Mark S
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 1,440,552 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 1,447,218 shares (Direct)
Footnotes (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: 1,440,552 shares
Shares owned after transaction: 1,447,218 shares
Exchange ratio: 2.61882 shares
3 metrics
Shares acquired
1,440,552 shares
Common stock grant/award to Mark S. Fogel on 2026-08-06
Shares owned after transaction
1,447,218 shares
Direct holdings of ACRES Commercial Realty common stock after grant
Exchange ratio
2.61882 shares
Each ACC common share converted into right to receive ACRES Commercial common shares
Key Terms
Agreement and Plan of Merger, par value, external manager
3 terms
Agreement and Plan of Merger regulatory
"Pursuant to the Agreement and Plan of Merger, dated April 29, 2026"
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"
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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did ACRES Commercial Realty (ACR) disclose for Mark S. Fogel?
ACRES Commercial Realty disclosed that President and 10% owner Mark S. Fogel acquired 1,440,552 shares of common stock on 2026-08-06 via a grant/award related to a merger with ACRES Capital Corp., bringing his direct holdings to 1,447,218 shares.
How is the exchange ratio described in the ACRES Commercial Realty (ACR) Form 4 footnote?
The footnote states that each outstanding share of ACRES Capital Corp. common stock converted into the right to receive 2.61882 shares of ACRES Commercial Realty common stock under the Agreement and Plan of Merger dated April 29, 2026.
Was Mark S. Fogel’s ACRES Commercial Realty (ACR) transaction under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not checked, and there is no footnote indicating a Rule 10b5-1 trading plan. The acquisition is reported as a grant/award tied to the merger, not as a pre-arranged trading-plan transaction.