CMCT (CMCT) director’s restricted share awards cancelled for cash

Rhea-AI Filing Summary

Creative Media & Community Trust Corp director Elaine Y. Wong reported a disposition of 86 shares of common stock back to the company. The Form 4 shows this as a "Disposition to issuer", leaving her with 1 share held directly after the transaction.

A footnote explains that restricted share awards granted during 2025 and previously reported were subsequently terminated and cancelled by the board of directors for cash consideration on June 22, 2026, indicating this is a compensation-related cancellation rather than an open-market trade.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Wong Elaine Y

Role null

Type	Security	Shares	Price	Value
Disposition	Common Stock	86	$0.00	--

Holdings After Transaction: Common Stock — 1 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares disposed to issuer: 86 shares Price per share: $0.0000 per share Shares owned after transaction: 1 share +1 more

4 metrics

Shares disposed to issuer 86 shares Common Stock, transaction coded as Disposition to issuer

Price per share $0.0000 per share Reported transaction price for the disposition

Shares owned after transaction 1 share Total common shares beneficially owned following disposition

Transaction date June 22, 2026 Date restricted awards were terminated and cancelled for cash consideration

Key Terms

Disposition to issuer, restricted share awards, cash consideration, beneficially owned

4 terms

Disposition to issuer financial

"transaction_action": "issuer disposition", "transaction_code_description": "Disposition to issuer""

restricted share awards financial

"Restricted share awards granted during 2025 and reported on the Form 4 filed"

Restricted share awards are grants of company stock given to employees or executives that cannot be sold or transferred until certain conditions—typically staying with the company for a set time or meeting performance goals—are met. They matter to investors because they can dilute existing shares when they vest, signal management’s incentives and confidence, and affect a company’s future earnings per share much like a delayed paycheck that becomes available only after you meet agreed milestones.

cash consideration financial

"were subsequently terminated and cancelled by the issuer's board of directors for cash consideration"

Cash consideration is the actual money paid to buy a company, asset, or stake rather than payment in shares or other forms. For investors it matters because cash payments deliver immediate, certain value and affect the buyer’s and seller’s cash reserves and balance sheets—like selling a car for cash versus taking a trade-in, one side gets instant spending power while the other changes its liquidity and risk profile.

beneficially owned financial

"total_shares_following_transaction": "1.0000"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Wong Elaine Y

(Last) (First) (Middle)

4700 WILSHIRE BLVD

(Street)

LOS ANGELES CALIFORNIA 90010

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Creative Media & Community Trust Corp [ CMCT ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026

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	06/22/2026		D(1)		86(1)	D	(1)	1	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. Restricted share awards granted during 2025 and reported on the Form 4 filed by the reporting person on September 11, 2025 were subsequently terminated and cancelled by the issuer's board of directors for cash consideration on June 22, 2026.

Remarks:

	/s/ David Thompson, Attorney-in-fact	06/23/2026
	** 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)

FAQ

What insider transaction did CMCT director Elaine Y. Wong report?

Elaine Y. Wong reported a disposition of 86 shares of Creative Media & Community Trust common stock to the issuer. The transaction is coded as a “Disposition to issuer,” reflecting shares returned to the company rather than sold on the open market.

How many CMCT shares does Elaine Y. Wong hold after this Form 4?

After the reported transaction, Elaine Y. Wong holds 1 share of Creative Media & Community Trust common stock directly. This remaining position is disclosed in the Form 4 as the total shares beneficially owned following the disposition to the issuer.

What happened to Elaine Y. Wong’s CMCT restricted share awards?

Restricted share awards granted during 2025 to Elaine Y. Wong were terminated and cancelled by Creative Media & Community Trust’s board. According to the footnote, this cancellation occurred on June 22, 2026, and the awards were cancelled for cash consideration rather than remaining as equity.

Was the CMCT insider transaction an open-market sale of shares?

No, the Form 4 describes the event as a “Disposition to issuer,” not an open-market sale. The footnote clarifies that it involved the termination and cancellation of previously granted restricted share awards by the board for cash consideration.

Does the CMCT Form 4 indicate any derivative or option positions?

No, the derivative summary in this Form 4 is empty, indicating no derivative securities such as options or warrants are reported here. The filing focuses solely on the disposition and cancellation of previously granted restricted common share awards.