ACRES Commercial (NYSE: ACR) officer receives 3,928 shares in merger

Rhea-AI Filing Summary

ACRES Commercial Realty Corp. reported that VP & Chief Accounting Officer Linda M. Kilpatrick acquired 3,928 shares of common stock on 2026-08-06 at $0.0000 per share. The shares were issued pursuant to a merger in which each ACC share converted into 2.61882 company shares, increasing her direct holdings to 5,341 shares.

Insider Trade Summary

Net Buyer: 3,928 shares

Net Buy 1 txn

Insider Kilpatrick Linda M

Role VP & Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	3,928	$0.00	$0.00

Holdings After Transaction: Common Stock — 5,341 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: 3,928 shares Shares owned after transaction: 5,341 shares Conversion ratio: 2.61882 shares +1 more

4 metrics

Shares acquired 3,928 shares Common stock granted to Linda M. Kilpatrick on 2026-08-06

Shares owned after transaction 5,341 shares Direct common stock holdings following the reported acquisition

Conversion ratio 2.61882 shares ACR shares received for each ACC share under the merger agreement

Transaction price per share $0.0000 Reported per-share value for the 3,928-share acquisition

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

"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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/07/2026 - 04:05 PM Accepted by SEC EDGAR 08/07/2026 - 04:04 PM Learn about SEC filing dates

FAQ

What insider transaction did ACRES Commercial Realty (ACR) report for Linda Kilpatrick?

ACRES Commercial Realty reported that VP & Chief Accounting Officer Linda M. Kilpatrick acquired 3,928 shares of common stock on 2026-08-06 at $0.0000 per share. The shares were issued as merger consideration, not purchased in the open market, and are held directly.

How many ACRES Commercial Realty (ACR) shares does Linda Kilpatrick own after this transaction?

After receiving the merger-related shares, Linda M. Kilpatrick directly holds 5,341 shares of ACRES Commercial Realty common stock. This figure reflects her position immediately following the 3,928-share acquisition reported in the Form 4 filing.

What share conversion ratio applied in the ACRES merger affecting ACR stock?

Under the Agreement and Plan of Merger, each outstanding ACC common share converted into 2.61882 shares of ACRES Commercial Realty common stock. This ratio explains why the reported acquisition carried a $0.0000 per-share price as part of the merger consideration.

Was cash paid for the ACRES Commercial Realty (ACR) shares Linda Kilpatrick received?

No cash purchase is indicated; the reported transaction price is $0.0000 per share. The attached merger footnote states the shares were issued through a stock-for-stock conversion, meaning they were received as consideration rather than bought for cash in the market.

Was Linda Kilpatrick’s ACR transaction tied to a Rule 10b5-1 trading plan?

The Form 4 does not indicate use of a Rule 10b5-1 trading plan for this transaction. Instead, a footnote explains that the acquisition resulted from a merger agreement that converted ACC shares into ACRES Commercial Realty shares at a fixed ratio.

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^*

Kilpatrick Linda M

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP & Chief Accounting 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)		3,928	A	$0(1)	5,341	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)