FS Credit Real Estate director logs 317K-share stock sale
FS Credit Real Estate Income Trust director Jeffrey P. Krasnoff reported indirect open-market sales of Class I Common Stock by Rialto Capital Management, LLC, an entity associated with him.
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Form Type
4
Rhea-AI Filing Summary
FS Credit Real Estate Income Trust director Jeffrey P. Krasnoff reported indirect open-market sales of Class I Common Stock by Rialto Capital Management, LLC, an entity associated with him. Rialto sold 158,728 shares at $23.8810 on April 30, 2026 and 158,728 shares at $23.8737 on May 29, 2026, for total reported sales of 317,456 shares.
Following the most recent transaction, Rialto holds 226,958.626 Class I shares indirectly for Krasnoff’s benefit, and JTK RCM, LLC (jointly owned by Krasnoff and his spouse) holds 38,882.317 Class F shares and 23,131.990 Class I shares. One April 30 sale was previously omitted from required reporting and is being corrected here.
Insider Trade Summary
Net Seller: 317,456 shares
Net Sell
5 txns
Insider
KRASNOFF JEFFREY P
Role
Director
Sold
317,456 shs ($7.58M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class I Common Stock | 158,728 | $23.8737 | $3.79M |
| Sale | Class I Common Stock | 158,728 | $23.881 | $3.79M |
| holding | Class I Restricted Stock Units | -- | -- | -- |
| holding | Class I Common Stock | -- | -- | -- |
| holding | Class F Common Stock | -- | -- | -- |
Holdings After Transaction:
Class I Common Stock — 226,958.626 shares (Indirect, By: Rialto Capital Management, LLC);
Class I Restricted Stock Units — 0 contracts (Indirect, By: Rialto Capital Management, LLC);
Class I Common Stock — 23,131.99 shares (Indirect, By: JTK RCM, LLC);
Class F Common Stock — 38,882.317 shares (Indirect, By: JTK RCM, LLC)
Footnotes (6)
- F1. This transaction was inadvertently omitted from a previously required Section 16 filing. Upon discovery of the omission, the Reporting Person is reporting the transaction on this Form 4 to correct the prior filing deficiency.
- F2. The reporting person disclaims beneficial ownership of any shares held by Rialto Capital Management, LLC that exceed his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F3. Includes shares received on account of reinvested distributions.
- F4. JTK RCM, LLC is jointly owned by reporting person and his spouse.
- F5. In accordance with the Advisory Agreement between the Company and the Adviser, the Company shall pay the Adviser an administrative services fee equal to 1.0% of the Company's net asset value per annum, payable quarterly, in Class I Restricted Stock Units, subject to the terms and conditions set forth in the Class I Restricted Stock Unit Agreement (as amended) between the Company and the Adviser. The administrative services fee is split 50/50 between the Adviser and Rialto Capital Management LLC.
- F6. In accordance with the Class I Restricted Stock Unit Agreement (as amended) between the Company, the Adviser and Rialto Capital Management, LLC, Class I Restricted Stock Units shall be exchanged for Class I Common, subject to time based vesting.
Key Figures
Shares sold April 30, 2026: 158,728 shares
Price April 30 sale: $23.8810/share
Shares sold May 29, 2026: 158,728 shares
+4 more
7 metrics
Shares sold April 30, 2026
158,728 shares
Class I Common Stock, open-market sale at $23.8810
Price April 30 sale
$23.8810/share
Class I Common Stock sold indirectly via Rialto
Shares sold May 29, 2026
158,728 shares
Class I Common Stock, open-market sale at $23.8737
Total shares sold
317,456 shares
Combined April 30 and May 29 Class I sales
Rialto Class I holdings after sale
226,958.626 shares
Indirect Class I Common Stock following May 29 sale
JTK RCM Class F holdings
38,882.317 shares
Class F Common Stock held indirectly as of April 30, 2026
JTK RCM Class I holdings
23,131.990 shares
Class I Common Stock held indirectly as of April 30, 2026
Key Terms
open-market sale, beneficial ownership, Class I Restricted Stock Units, Section 16 filing, +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
beneficial ownership financial
"disclaims beneficial ownership of any shares held by Rialto Capital Management, LLC"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Class I Restricted Stock Units financial
"The Company shall pay the Adviser an administrative services fee ... in Class I Restricted Stock Units"
Section 16 filing regulatory
"omitted from a previously required Section 16 filing"
net asset value financial
"an administrative services fee equal to 1.0% of the Company's net asset value per annum"
Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did FSREI director Jeffrey P. Krasnoff report?
Krasnoff reported two indirect open-market sales of Class I Common Stock by Rialto Capital Management, LLC, each for 158,728 shares at about $23.88 per share, on April 30, 2026 and May 29, 2026, totaling 317,456 shares sold.
What additional FSREI holdings are reported through JTK RCM, LLC?
JTK RCM, LLC, jointly owned by Jeffrey P. Krasnoff and his spouse, is shown holding 38,882.317 shares of Class F Common Stock and 23,131.990 shares of Class I Common Stock as of April 30, 2026, in addition to Rialto’s indirect holdings.
Why does the Form 4 mention a previously omitted FSREI transaction?
A footnote states one transaction was inadvertently omitted from an earlier required Section 16 report. Upon discovering the omission, the reporting person included that April 30, 2026 sale on this Form 4 to correct the prior filing deficiency and update insider records.
How does the Form 4 describe Jeffrey P. Krasnoff’s beneficial ownership in FSREI?
A footnote explains Krasnoff disclaims beneficial ownership of FS Credit Real Estate Income Trust shares held by Rialto Capital Management, LLC that exceed his pecuniary interest. Their inclusion in the filing is not an admission of beneficial ownership of all reported shares for Section 16 purposes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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