Form 4: Eagle Point Disposes Series D Preferred in ACRES (ACR) Over Three Days

Rhea-AI Filing Summary

Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC reported sales of ACRES Commercial Realty Corp. (ACR) preferred shares on September 9–11, 2025. The filers sold 1,643; 3,142; and 5,945 shares of 7.875% Series D preferred stock on 09/09, 09/10 and 09/11, respectively, at weighted average prices of $22.43, $22.48 and $22.52 per share. After these transactions, the reporting persons hold indirectly 781,067 shares of Series D preferred stock. The report also discloses indirect holdings of 1,177,060 shares of common stock and 393,646 shares of 8.625% Series C preferred stock. The form was signed by Courtney Fandrick as authorized representative.

Positive

• Timely disclosure of sales across three consecutive trading days, showing compliance with reporting obligations
• Detailed pricing provided as weighted averages with stated price ranges and willingness to supply per-price breakdowns upon request
• Clear identification of reporting entities and signature by an authorized compliance officer

Negative

• Dispositions of Series D preferred shares totaling 10,730 shares over three days (1,643 + 3,142 + 5,945) reduce the reported position from prior levels
• Beneficial ownership is indirect, which limits clarity about ultimate decision-makers and economic exposure

Insights

Financial Analyst

TL;DR Insider group sold small tranches of Series D preferred stock over three days; significant indirect holdings remain.

The transactions are disclosed as sales occurring on 09/09/2025, 09/10/2025 and 09/11/2025 with weighted average prices reported for each day. The reporting entities state the securities are held by funds/accounts they manage and that ownership is indirect. Total indirect holdings after the reported sales include 781,067 Series D preferred shares, 393,646 Series C preferred shares and 1,177,060 common shares. The filing provides weighted average price ranges for the sales and commits to furnish per-price breakdowns upon SEC request. From a quantitative perspective, the filing documents precise sale amounts and confirms continuing material stakes.

Corporate Governance Expert

TL;DR Reporting persons correctly disclosed indirect holdings and multiple-day dispositions; filing includes required disclaimers.

The report identifies Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC as reporting persons with director and 10% owner relationships to the issuer. The explanation footnotes disclaim beneficial ownership under Rule 16a-1(a)(4) and assert indirect pecuniary interest per Rule 16a-1(a)(2)(ii). Signatures from an authorized compliance officer are provided for both entities. The form adheres to Form 4 presentation requirements by reporting each class of security and supplying weighted average prices and transaction codes; it also offers to provide detailed transaction-price breakdowns upon regulatory request.

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
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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^*

Eagle Point Credit Management LLC

(Last) (First) (Middle)

600 STEAMBOAT ROAD, SUITE 202

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/09/2025

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

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

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

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
7.875% Series D Preferred Stock	09/09/2025		S		1,643	D	$22.43	790,154	I	See footnotes(1)(2)(3)(4)
7.875% Series D Preferred Stock	09/10/2025		S		3,142	D	$22.48	787,012	I	See footnotes(1)(2)(3)(5)
7.875% Series D Preferred Stock	09/11/2025		S		5,945	D	$22.52	781,067	I	See footnotes(1)(2)(3)(6)
Common Stock, $0.001 par value								1,177,060	I	See footnotes(1)(2)(3)
8.625% Series C Preferred Stock								393,646	I	See footnotes(1)(2)(3)

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

1. Name and Address of Reporting Person^*

Eagle Point Credit Management LLC

(Last) (First) (Middle)

600 STEAMBOAT ROAD, SUITE 202

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Eagle Point DIF GP I LLC

(Last) (First) (Middle)

600 STEAMBOAT ROAD, SUITE 202

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

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.

2. 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.

3. 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.

4. The price reported reflects the weighted average price per share. These securities were sold in multiple transactions at prices ranging from $22.42 to $22.45 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.

5. The price reported reflects the weighted average price per share. These securities were sold in multiple transactions at prices ranging from $22.48 to $22.51 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.

6. The price reported reflects the weighted average price per share. These securities were sold in multiple transactions at prices ranging from $22.50 to $22.55 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.

	/s/ Courtney Fandrick, Chief Compliance Officer of Eagle Point Credit Management LLC	09/11/2025
	/s/ Courtney Fandrick, Authorized Person of Eagle Point DIF GP I LLC	09/11/2025
	** 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.

FAQ

What transactions did Eagle Point report for ACRES Commercial Realty (ACR)?

The filers reported sales of 7.875% Series D preferred stock on 09/09/2025 (1,643 shares at $22.43 weighted average), 09/10/2025 (3,142 shares at $22.48 weighted average), and 09/11/2025 (5,945 shares at $22.52 weighted average).

How many ACRES (ACR) shares do the reporting persons hold after these transactions?

After the reported transactions, the reporting persons indirectly hold 781,067 Series D preferred shares, 393,646 Series C preferred shares, and 1,177,060 common shares.

Who filed the Form 4 for ACR and who signed it?

The filing was made by Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC; it was signed by Courtney Fandrick, Chief Compliance Officer/authorized person, on 09/11/2025.

Are the reported holdings direct or indirect for ACR?

The report states the holdings are indirect, held by private investment funds and/or accounts managed by Eagle Point Credit Management LLC, with DIF GP serving as general partner to certain accounts.

Did the filing provide exact per-trade prices for the ACR sales?

The filing reports weighted average prices and price ranges for the multiple transactions and offers to provide full per-price breakdowns to the SEC or issuer upon request.