Director Terence Connors receives stock award at FS Credit REIT (FSREI)

Rhea-AI Filing Summary

Connors Terence J reported acquisition or exercise transactions in this Form 4 filing.

FS Credit Real Estate Income Trust, Inc. director Terence J. Connors received an award of 914 shares of Class I common stock at $23.92 per share. After this grant, he directly holds 17,032 shares. This filing records an equity-based compensation grant rather than an open-market purchase.

Insider Trade Summary

Net Buyer: 914.426 shares

Net Buy 1 txn

Insider Connors Terence J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class I Common Stock	914.426	$23.9221	$22K

Holdings After Transaction: Class I Common Stock — 17,031.727 shares (Direct)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/03/2026 - 03:01 PM Learn about SEC filing dates

FAQ

What insider transaction did FSREI director Terence J. Connors report?

Terence J. Connors reported receiving an equity award of 914 shares of Class I common stock. The shares were granted as a non-derivative award, meaning they are direct stock, not options or other derivatives, and represent additional ownership in FS Credit Real Estate Income Trust.

At what price was the FSREI Class I stock award valued?

The 914-share award of Class I common stock was valued at $23.92 per share. This price represents the per-share value used for the grant on the transaction date and helps indicate the notional size of the equity compensation reported in this Form 4.

How many FSREI shares does Terence J. Connors own after this grant?

Following the reported award, Terence J. Connors directly owns 17,032 shares of Class I common stock. This total reflects his updated direct holdings after adding the 914 granted shares, as disclosed in the insider transaction report for FS Credit Real Estate Income Trust.

Was the FSREI insider transaction a purchase or an award grant?

The FSREI insider transaction was a grant or award acquisition, not an open-market purchase. The Form 4 classifies it under transaction code “A,” indicating shares were awarded as compensation or a similar arrangement rather than bought on the public market.

Does Terence J. Connors hold his FSREI shares directly or indirectly?

The filing shows that Terence J. Connors holds the reported Class I common stock directly. The ownership code is listed as “D” for direct ownership, indicating the shares are in his own name rather than through a trust, partnership, or other related entity.

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^*

Connors Terence J

(Last) (First) (Middle)

C/O FS CREDIT REAL ESTATE INCOME TRUST

3025 JFK BOULEVARD, OFC 500

(Street)

PHILADELPHIA PA 19104

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FS Credit Real Estate Income Trust, Inc. [ NONE ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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
Class I Common Stock	03/02/2026		A		914.426	A	$23.9221	17,031.727	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:

	/s/ Terence J. Connors	03/03/2026
	** 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.