FS Credit REIT (FSREI) director granted Class I stock units

Rhea-AI Filing Summary

FRY JOHN A reported acquisition or exercise transactions in this Form 4 filing.

FS Credit Real Estate Income Trust, Inc. director John A. Fry received a compensatory grant of 942.1720 shares of Class I Common Stock, reported at $23.8810 per share. Following this award, he directly holds 17,408.0170 shares of the company’s Class I Common Stock.

Insider Trade Summary

Net Buyer: 942.172 shares

Net Buy 1 txn

Insider FRY JOHN A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class I Common Stock	942.172	$23.881	$23K

Holdings After Transaction: Class I Common Stock — 17,408.017 shares (Direct)

Key Figures

Stock grant: 942.1720 shares Grant price per share: $23.8810 per share Holdings after transaction: 17,408.0170 shares

3 metrics

Stock grant 942.1720 shares Class I Common Stock grant to director John A. Fry

Grant price per share $23.8810 per share Reported transaction price for the awarded shares

Holdings after transaction 17,408.0170 shares Total direct Class I Common Stock held after grant

Key Terms

Class I Common Stock, Grant, award, or other acquisition, Form 4

3 terms

Class I Common Stock financial

"received a compensatory grant of 942.1720 shares of Class I Common Stock"

Grant, award, or other acquisition financial

"The Form 4 lists transaction code “A” with the description “Grant, award, or other acquisition”"

Form 4 financial

"was disclosed in a Form 4 insider filing"

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.

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/05/2026 - 10:20 AM Learn about SEC filing dates

FAQ

What insider transaction did FSREI director John A. Fry report?

Director John A. Fry reported receiving a grant of Class I Common Stock. The award covered 942.1720 shares as a compensatory transaction, rather than an open-market purchase or sale, and was disclosed in a Form 4 insider filing.

How many FSREI shares did John A. Fry acquire in this Form 4?

John A. Fry acquired 942.1720 shares of Class I Common Stock. This was reported as a grant or award, increasing his direct holdings and reflecting additional equity-based compensation rather than a traditional market trade in FS Credit Real Estate Income Trust, Inc.

At what price was the FSREI stock grant to John A. Fry reported?

The stock grant to John A. Fry was reported at a transaction price of $23.8810 per share. This figure reflects the value used in the Form 4 for the 942.1720 Class I Common Stock shares he received as a grant or award.

What are John A. Fry’s FSREI holdings after this stock award?

After the grant, John A. Fry directly holds 17,408.0170 shares of Class I Common Stock. This total includes the newly awarded 942.1720 shares and represents his direct ownership position as reported in the Form 4 filing.

Was the FSREI transaction a market purchase or a compensation grant?

The transaction was a compensation grant, not a market purchase. The Form 4 lists transaction code “A” with the description “Grant, award, or other acquisition,” indicating equity-based compensation in the form of Class I Common Stock to director John A. Fry.

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^*

FRY JOHN A

(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		942.172	A	$23.881	17,408.017	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/ John A. Fry	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)