[Form 4] ACRES Commercial Realty Corp. Insider Trading Activity
Rhea-AI Filing Summary
ACRES Commercial Realty Corp. (ACR) – Form 4, filed 24 Jul 2025. 10% owner Eagle Point Credit Management LLC (together with affiliate Eagle Point DIF GP I LLC) disclosed two open-market sales of ACR’s 7.875% Series D preferred stock.
- 22 Jul 2025: sold 15,084 shares at a weighted-average $22.30.
- 23 Jul 2025: sold 100 shares at $22.32.
Post-sale indirect ownership of Series D preferred stands at 819,709 shares. The reporting persons also continue to hold 1,177,060 common shares and 393,646 Series C 8.625% preferred shares, all through managed funds/accounts. The filers disclaim beneficial ownership under Rule 16a-1(a)(4). Transactions were executed across prices ranging from $22.24 – $22.38.
No acquisitions, option exercises or derivative transactions were reported. The sales represent about 1.8 % of Eagle Point’s prior Series D position and do not alter its 10 %-owner status.
Positive
- None.
Negative
- None.
Insights
TL;DR: Minor insider sale; signal modestly negative but not thesis-changing.
The filing shows a small trim—15,184 Series D preferred shares (~$0.34 m) against an 820 k-share remaining block. Percentage-wise, that is negligible and leaves Eagle Point firmly above the 10 % threshold. There is no indication of distress or broader exit, and common-stock and Series C stakes remain intact. Given the limited size and the preferred-stock nature, market impact should be minimal; however, any insider selling is generally interpreted as a slight negative sentiment indicator.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | 7.875% Series D Preferred Stock | 100 | $22.32 | $2K |
| Sale | 7.875% Series D Preferred Stock | 15,084 | $22.30 | $336K |
| holding | Common Stock, $0.001 par value | -- | -- | -- |
| holding | 8.625% Series C Preferred Stock | -- | -- | -- |
Footnotes (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. 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. 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. The price reported reflects the weighted average price per share. These securities were sold in multiple transactions at prices ranging from $22.24 to $22.38 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.
