FS Credit Real Estate Income Trust (FSREI) director receives 837-share stock grant

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 837.486 shares of Class I Common Stock on May 1, 2026 at a value of $23.881 per share. After this award, he directly holds a total of 14,439.710 shares.

Insider Trade Summary

Net Buyer: 837.486 shares

Net Buy 1 txn

Insider BROWN JAMES W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class I Common Stock	837.486	$23.881	$20K

Holdings After Transaction: Class I Common Stock — 14,439.71 shares (Direct)

Key Figures

Shares granted: 837.486 shares Grant value per share: $23.881 per share Shares held after grant: 14,439.710 shares

3 metrics

Shares granted 837.486 shares Class I Common Stock grant on May 1, 2026

Grant value per share $23.881 per share Reported valuation for the 837.486-share award

Shares held after grant 14,439.710 shares Total direct holdings following the Form 4 transaction

Key Terms

Class I Common Stock, grant/award acquisition, Form 4, transaction code "A"

4 terms

Class I Common Stock financial

"837.486 shares of Class I Common Stock on May 1, 2026"

grant/award acquisition financial

"transaction_action is described as grant/award acquisition"

Form 4 regulatory

"What did FSREI director James W. Brown report in this Form 4?"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

transaction code "A" regulatory

"Transaction code "A" on this Form 4 signifies a grant, award, or other acquisition"

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Accepted by SEC EDGAR 05/05/2026 - 10:17 AM Learn about SEC filing dates

FAQ

What did FSREI director James W. Brown report in this Form 4?

Director James W. Brown reported receiving 837.486 shares of Class I Common Stock as a grant or award. This non-market acquisition increased his direct holdings to 14,439.710 shares following the transaction.

Was the FSREI Form 4 transaction a market buy or sell?

The transaction was classified as a grant or award acquisition, not an open-market buy or sell. Code "A" on the Form 4 indicates shares were awarded to the director rather than purchased or sold on the market.

How many FSREI shares does James W. Brown hold after this grant?

Following the reported grant, James W. Brown directly holds 14,439.710 shares of FS Credit Real Estate Income Trust, Inc. Class I Common Stock. This total includes the newly awarded 837.486 shares reported in the filing.

What was the value per share for the FSREI stock grant?

The grant to James W. Brown used a value of $23.881 per share for the 837.486 Class I Common Stock shares. This price is used for reporting purposes in the Form 4, reflecting the award’s per-share valuation.

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

Transaction code "A" on this Form 4 signifies a grant, award, or other acquisition of shares. For James W. Brown, it reflects a compensation-related award of 837.486 Class I Common Stock shares rather than an open-market 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 PENNSYLVANIA 19104

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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
Class I Common Stock	05/01/2026		A		837.486	A	$23.881	14,439.71	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	05/05/2026
	** 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)