FS Credit REIT (FSREI) director granted 836 Class I shares

Rhea-AI Filing Summary

BROWN JAMES W reported acquisition or exercise transactions in this Form 4 filing.

FS Credit Real Estate Income Trust, Inc. director James W. Brown received a grant of 836.047 shares of Class I Common Stock on March 2, 2026, as a stock award rather than an open-market purchase, at a reported price of $23.9221 per share. Following this award, his directly held stake in this class increased to 13,435.294 shares.

Insider Trade Summary

Net Buyer: 836.047 shares

Net Buy 1 txn

Insider BROWN JAMES W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class I Common Stock	836.047	$23.9221	$20K

Holdings After Transaction: Class I Common Stock — 13,435.294 shares (Direct)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/03/2026 - 03:00 PM Learn about SEC filing dates

FAQ

What insider transaction did FSREI director James W. Brown report?

Director James W. Brown reported receiving a grant of 836.047 shares of Class I Common Stock. The transaction was coded as an award or other acquisition, indicating a stock-based grant rather than an open-market purchase, and increased his directly held stake in the company.

Was the FSREI insider transaction a stock purchase or an equity award?

The transaction was an equity award, not an open-market purchase. It is coded as a grant, award, or other acquisition, meaning the director received 836.047 shares of Class I Common Stock as compensation or incentive, rather than buying them on the open market.

At what price was the FSREI Class I Common Stock award valued?

The Class I Common Stock award to director James W. Brown was valued at $23.9221 per share. This per-share value is used for reporting purposes in the insider filing and helps investors understand the implied dollar value of the equity grant on the transaction date.

How many FSREI shares does James W. Brown hold after this Form 4 transaction?

After receiving the 836.047-share award, James W. Brown directly holds 13,435.294 shares of FS Credit Real Estate Income Trust’s Class I Common Stock. This total reflects his direct ownership reported immediately following the transaction recorded in the Form 4 filed with regulators.

What does the transaction code "A" mean in the FSREI Form 4 filing?

The transaction code “A” indicates a grant, award, or other acquisition of securities. In this case, it shows that James W. Brown received 836.047 shares of Class I Common Stock as a stock award, rather than conducting a conventional market buy or sell transaction.

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^*

BROWN JAMES W

(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		836.047	A	$23.9221	13,435.294	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/ James W. Brown	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.