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  4. [Form 4] CIM REAL ESTATE FINANCE TRUST, INC. Insider Trading Activity

CIM Real Estate (CMRF) officer gains stock through 2026 RSU vesting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CIM Real Estate Finance Trust officer Nathan David DeBacker reported routine equity compensation activity. On April 15, 2026, 12,771.392 restricted stock units vested from an award granted on April 14, 2025 under the 2024 Manager Equity Incentive Plan. Each unit settled 50% in common stock and 50% in cash, resulting in the acquisition of 6,385.696 shares of common stock at no exercise price. Following these transactions, DeBacker directly holds 20,419.553 shares of common stock and 63,189.041 restricted stock units scheduled to vest between December 15, 2026 and April 15, 2028, also settling half in stock and half in cash. These events reflect compensation vesting rather than open‑market buying or selling.

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Insider DeBacker Nathan David
Role See Remarks
Type Security Shares Price Value
Exercise Restricted Stock Units 12,771.392 $0.00 $0.00
Exercise Common Stock 6,385.696 $0.00 $0.00
Holdings After Transaction: Restricted Stock Units — 63,189.041 shares (Direct); Common Stock — 20,419.553 shares (Direct)
Footnotes (3)
  1. F1. On April 15, 2026, the reporting person acquired 6,385.696 shares of the Issuer's common stock in connection with the vesting of 12,771.392 of the restricted stock units originally granted to the reporting person on April 14, 2025 as an award under the Issuer's 2024 Manager Equity Incentive Plan. Each vested restricted stock unit settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 25,542.784 restricted stock units originally granted to the reporting person on April 14, 2025 will vest in equal installments on April 15, 2027 and April 15, 2028. As such restricted stock units vest, the awards will be settled 50% in the Issuer's common stock and 50% in the cash value thereof.
  2. F2. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, payable 50% in the Issuer's common stock and 50% in the cash value thereof.
  3. F3. Represents the remaining 18,489.170 restricted stock units originally granted to the reporting person on January 9, 2024, which will vest on December 15, 2026, the remaining 19,157.087 restricted stock units originally granted to the reporting person on November 12, 2024, which will vest in equal annual installments on June 30, 2026 and June 30, 2027 and the remaining 25,542.784 restricted stock units originally granted to the reporting person on April 14, 2025, which will vest in equal annual installments on April 15, 2027 and April 15, 2028.
RSUs vested 12,771.392 units Award granted April 14, 2025; vested on April 15, 2026
Common shares acquired 6,385.696 shares Stock portion of April 15, 2026 RSU vesting
Common shares held after 20,419.553 shares Direct ownership after April 15, 2026 transactions
RSUs remaining 63,189.041 units Unvested RSUs after April 15, 2026
Future RSU tranche 18,489.170 units Grant from January 9, 2024 vesting December 15, 2026
Future RSU tranche 19,157.087 units Grant from November 12, 2024 vesting June 30, 2026 and 2027
Future RSU tranche 25,542.784 units Grant from April 14, 2025 vesting April 15, 2027 and 2028
Restricted Stock Units financial
"the reporting person acquired 6,385.696 shares ... in connection with the vesting of 12,771.392 of the restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2024 Manager Equity Incentive Plan financial
"originally granted ... as an award under the Issuer's 2024 Manager Equity Incentive Plan"
vesting financial
"will vest in equal installments on April 15, 2027 and April 15, 2028"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
cash value financial
"settled 50% in the Issuer's common stock and 50% in the cash value thereof"
Cash value is the amount of money you could get right away if an asset or contract were converted to cash or surrendered, after any fees or penalties. Think of it like the cash you could pull out of a savings jar when you need it; for investors it signals how much immediate liquidity or recoverable worth exists in an investment, insurance policy, or balance-sheet item.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transaction did CMRF officer Nathan David DeBacker report?
Nathan David DeBacker reported the vesting of 12,771.392 restricted stock units. The award settled 50% in CIM Real Estate Finance Trust common stock and 50% in cash, creating 6,385.696 new shares for him as part of routine equity compensation.

How many CIMRF common shares does DeBacker hold after this Form 4 filing?
After the reported transactions, DeBacker directly holds 20,419.553 shares of CIM Real Estate Finance Trust common stock. This reflects the addition of 6,385.696 shares received from vesting restricted stock units that settled partly in stock and partly in cash.

How many restricted stock units does DeBacker still have with CIMRF?
DeBacker holds 63,189.041 restricted stock units after the April 15, 2026 vesting. These remaining units come from grants in 2024 and 2025 and are scheduled to vest in stages through December 15, 2026, June 30, 2027, and April 15, 2028.

What are the vesting dates for DeBacker’s remaining CIMRF restricted stock units?
The remaining restricted stock units vest on three schedules: 18,489.170 units on December 15, 2026; 19,157.087 units in equal installments on June 30, 2026 and June 30, 2027; and 25,542.784 units in equal installments on April 15, 2027 and April 15, 2028.

How are CIMRF restricted stock units settled for Nathan David DeBacker?
Each restricted stock unit represents one share of CIM Real Estate Finance Trust common stock, but settlement is split. When units vest, 50% is delivered in common stock and the remaining 50% is paid in the cash value of the corresponding shares.

Was this CIMRF Form 4 an open-market stock purchase or sale?
The Form 4 reflects compensation-related vesting, not market trading. DeBacker acquired shares through the exercise and settlement of restricted stock units at a zero exercise price, with no reported open-market purchases or sales of CIM Real Estate Finance Trust stock.
SEC Form 4
FORM 4UNITED 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*
DeBacker Nathan David
(Last)(First)(Middle)
2398 E. CAMELBACK ROAD, 4TH FLOOR
(Street)
PHOENIX ARIZONA 85016
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
CIM REAL ESTATE FINANCE TRUST, INC. [ NONE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
See Remarks
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock04/15/2026M6,385.696A(1)20,419.553D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(2)04/15/2026M12,771.392 (1) (1)Common Stock12,771.392$063,189.041(3)D
Explanation of Responses:
1. On April 15, 2026, the reporting person acquired 6,385.696 shares of the Issuer's common stock in connection with the vesting of 12,771.392 of the restricted stock units originally granted to the reporting person on April 14, 2025 as an award under the Issuer's 2024 Manager Equity Incentive Plan. Each vested restricted stock unit settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 25,542.784 restricted stock units originally granted to the reporting person on April 14, 2025 will vest in equal installments on April 15, 2027 and April 15, 2028. As such restricted stock units vest, the awards will be settled 50% in the Issuer's common stock and 50% in the cash value thereof.
2. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, payable 50% in the Issuer's common stock and 50% in the cash value thereof.
3. Represents the remaining 18,489.170 restricted stock units originally granted to the reporting person on January 9, 2024, which will vest on December 15, 2026, the remaining 19,157.087 restricted stock units originally granted to the reporting person on November 12, 2024, which will vest in equal annual installments on June 30, 2026 and June 30, 2027 and the remaining 25,542.784 restricted stock units originally granted to the reporting person on April 14, 2025, which will vest in equal annual installments on April 15, 2027 and April 15, 2028.
Remarks:
Chief Financial Officer and Treasurer
/s/ Nathan D. DeBacker04/16/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR