Ares Commercial Real Estate (NYSE: ACRE) CFO sells shares for tax withholding

Rhea-AI Filing Summary

Ares Commercial Real Estate Corp. reported that its CFO and Treasurer, Jeffrey Michael Gonzales, sold 6,218 shares of common stock on January 14, 2026. The shares were sold primarily to cover tax withholding obligations that arose when previously granted stock vested. The weighted average sale price was $4.9276 per share, based on multiple trades between $4.89 and $4.97.

After this tax-related sale, the reporting person beneficially owned 88,533 shares of common stock, which includes 64,999 restricted stock units granted under the company’s equity incentive plan. Each restricted stock unit represents the right to receive one share of common stock as it vests under the applicable award agreement.

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

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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^*

Gonzales Jeffrey Michael

(Last) (First) (Middle)

C/O ARES COMMERCIAL REAL ESTATE CORP.

245 PARK AVENUE, 42ND FLOOR

(Street)

NEW YORK NY 10167

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Ares Commercial Real Estate Corp [ ACRE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/14/2026

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

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

X	Form filed by One Reporting Person
	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
Common Stock	01/14/2026		S		6,218(1)	D	$4.9276(2)	88,533(3)	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. Represents the number of shares of common stock sold by the reporting person to cover tax withholding obligations in connection with the vesting of the common stock.

2. The price reported in Column 4 is a weighted average price. These shares were sold on January 14, 2026 in multiple transactions at prices ranging from $4.89 to $4.97 inclusive. The reporting person undertakes to provide to Ares Commercial Real Estate Corporation (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote.

3. Includes 64,999 restricted stock units granted under the Ares Commercial Real Estate Corporation Amended and Restated 2012 Equity Incentive Plan. The restricted stock units vest in installments with the applicable restricted stock unit award agreement. Each restricted stock unit represents the right to receive one share of the Issuer's common stock upon vesting.

Remarks:

	/s/ Anton Feingold, by power of attorney	01/15/2026
	** 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.

FAQ

What insider transaction did Ares Commercial Real Estate Corp (ACRE) report?

The company reported that CFO and Treasurer Jeffrey Michael Gonzales sold 6,218 shares of Ares Commercial Real Estate Corp common stock on January 14, 2026.

At what price did the ACRE CFO sell shares in this Form 4 filing?

The weighted average sale price was $4.9276 per share, based on multiple trades at prices ranging from $4.89 to $4.97 per share.

Why were the ACRE shares sold by the CFO according to the Form 4?

The filing states the 6,218 shares of common stock were sold to cover tax withholding obligations related to the vesting of the common stock.

How many Ares Commercial Real Estate Corp (ACRE) shares does the CFO own after the transaction?

Following the reported transaction, the CFO beneficially owned 88,533 shares of common stock of Ares Commercial Real Estate Corp.

How many restricted stock units does the ACRE CFO hold after this Form 4 transaction?

The beneficially owned amount includes 64,999 restricted stock units granted under the Ares Commercial Real Estate Corporation Amended and Restated 2012 Equity Incentive Plan.

What do the ACRE restricted stock units reported in the Form 4 represent?

Each restricted stock unit represents the right to receive one share of common stock of Ares Commercial Real Estate Corp upon vesting, in accordance with the applicable award agreement.