ACRES Commercial Realty director receives merger shares

ACRES Commercial Realty Corp. director and officer Andrew Fentress reported stock-for-stock, merger-related awards of common stock on 2026-08-06.

Rhea-AI Filing Summary

ACRES Commercial Realty Corp. director and officer Andrew Fentress reported stock-for-stock, merger-related awards of common stock on 2026-08-06. He acquired 988,453 shares directly and 892,213 shares indirectly through a limited liability company controlled by his spouse, at a reported price of $0.00 per share, as ACRES Capital Corp. stock converted into ACRES Commercial Realty stock at a 2.61882-for-1 exchange ratio. Following these awards, he reported holdings of 1,029,855 shares directly, 892,213 via the spouse’s LLC, plus indirect family holdings of 26,316 shares for minor children and 18,483 shares for parents.

Insider Trade Summary

Grant/Award: 1,880,666 shares

Grant/Award 4 txns

Insider Fentress Andrew

Role COB & MD Capital Markets

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	988,453	$0.00	$0.00
Grant/Award	Common Stock F1, F2	892,213	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 1,029,855 shares (Direct); Common Stock — 892,213 shares (Indirect, By spouse LLC); Common Stock — 26,316 shares (Indirect, By minor children); Common Stock — 18,483 shares (Indirect, By parents)

Footnotes (2)

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.
2. F2. The Reporting Person's spouse is the controlling member of a limited liability company, of which the Reporting Person is a minority member.

Key Figures

Direct shares acquired: 988453 shares Indirect shares acquired (spouse LLC): 892213 shares Direct shares following transaction: 1029855 shares +3 more

6 metrics

Direct shares acquired 988453 shares Common Stock grant/award on 2026-08-06

Indirect shares acquired (spouse LLC) 892213 shares Common Stock grant/award on 2026-08-06 via spouse’s LLC

Direct shares following transaction 1029855 shares Direct holdings after 2026-08-06 merger-related awards

Indirect holdings by minor children 26316 shares Indirect ownership reported as held by minor children

Indirect holdings by parents 18483 shares Indirect ownership reported as held by parents

Merger exchange ratio 2.61882 shares per share Each ACC share converted into 2.61882 ACRES shares

Key Terms

Agreement and Plan of Merger, limited liability company, 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.

limited liability company financial

"The Reporting Person's spouse is the controlling member of a limited liability company,"

A limited liability company (LLC) is a business structure that separates the owners’ personal assets from the company’s debts and legal obligations, like a protective shield that keeps personal savings and property distinct from business risk. For investors, that protection reduces personal financial exposure and often brings flexible rules for profit sharing and taxes, but it can also affect how easily interests are bought or sold and how decisions are made.

external manager financial

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Andrew Fentress report for ACRES Commercial Realty (ACR)?

Andrew Fentress reported merger-related acquisitions of ACRES Commercial Realty common stock. On 2026-08-06 he received 988,453 shares directly and 892,213 shares indirectly via his spouse’s LLC at $0.00 per share, as ACRES Capital Corp. stock converted into ACRES shares at a 2.61882-for-1 ratio.

How many ACRES Commercial Realty (ACR) shares did Andrew Fentress acquire directly?

He acquired 988,453 ACRES Commercial Realty common shares directly on 2026-08-06. The Form 4 classifies this as a code A grant or award at a reported price of $0.00 per share, arising from the merger-related share conversion rather than an open-market purchase.

What indirect and family holdings does Andrew Fentress report in this Form 4 for ACR?

He reports 892,213 shares held indirectly through a limited liability company controlled by his spouse, plus indirect family holdings of 26,316 shares held for minor children and 18,483 shares held for parents, all in ACRES Commercial Realty common stock as of 2026-08-06.

What merger terms underlie the ACRES Commercial Realty (ACR) share awards to Andrew Fentress?

The awards stem from an Agreement and Plan of Merger among ACRES Commercial Realty, ACRES Holdings Sub LLC, ACRES Capital Corp., and ACRES Capital, LLC. Each ACC common share converted into the right to receive 2.61882 ACRES Commercial Realty common shares in this stock-for-stock transaction.

Were Andrew Fentress’s ACRES Commercial Realty (ACR) transactions open-market purchases?

No. The reported transactions are code A grant or award acquisitions at a stated price of $0.00 per share. Footnotes explain they result from a stock-for-stock merger conversion of ACRES Capital Corp. shares into ACRES Commercial Realty shares, not from cash purchases in the open market.

What is Andrew Fentress’s role and ownership status at ACRES Commercial Realty (ACR)?

Andrew Fentress is a director and officer of ACRES Commercial Realty, serving as COB & MD Capital Markets, and is classified as a more-than-10% owner. After the merger-related awards, he reported 1,029,855 shares directly plus significant indirect and family holdings.

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

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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^*

Fentress Andrew

(Last) (First) (Middle)

390 RXR PLAZA

(Street)

UNIONDALE NEW YORK

(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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	COB & MD Capital Markets

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)		988,453	A	$0(1)	1,029,855	D
Common Stock	08/06/2026		A(1)		892,213	A	$0(1)	892,213	I	By spouse LLC(2)
Common Stock								26,316	I	By minor children
Common Stock								18,483	I	By parents

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.

2. The Reporting Person's spouse is the controlling member of a limited liability company, of which the Reporting Person is a minority member.

	/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)