FS Credit REIT (FSREI) grants director Ryan Boyer 943.756 Class I shares

Rhea-AI Filing Summary

Boyer Ryan reported acquisition or exercise transactions in this Form 4 filing.

FS Credit Real Estate Income Trust, Inc. director Ryan Boyer received a grant of 943.756 shares of Class I Common Stock on August 3, 2026, valued at $23.8409 per share. Following this award, his direct holdings total 16,235.605 shares. The transaction was not marked as pursuant to a Rule 10b5-1 trading plan.

Insider Trade Summary

Net Buyer: 943.756 shares

Net Buy 1 txn

Insider Boyer Ryan

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class I Common Stock	943.756	$23.8409	$22K

Holdings After Transaction: Class I Common Stock — 16,235.605 shares (Direct)

Key Figures

Shares Granted: 943.756 shares Grant Value Per Share: $23.8409 per share Shares Held After Grant: 16,235.605 shares

3 metrics

Shares Granted 943.756 shares Grant/award acquisition of Class I Common Stock on August 3, 2026

Grant Value Per Share $23.8409 per share Value used for the non-derivative stock grant to Ryan Boyer

Shares Held After Grant 16,235.605 shares Total direct holdings of Ryan Boyer following the reported transaction

Key Terms

Class I Common Stock, grant/award acquisition, direct ownership

3 terms

Class I Common Stock financial

"security_title": "Class I Common Stock" for the reported grant"

grant/award acquisition financial

"transaction_action": "grant/award acquisition" describing the transaction"

direct ownership financial

"ownership_type": "direct" indicating direct ownership after the grant"

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/05/2026 - 08:40 PM Accepted by SEC EDGAR 08/05/2026 - 08:39 PM Learn about SEC filing dates

FAQ

What insider transaction did FSREI director Ryan Boyer report?

Director Ryan Boyer reported a grant of 943.756 shares of Class I Common Stock. The award, recorded on August 3, 2026, was categorized as a grant/award acquisition rather than an open-market purchase or sale.

At what price was Ryan Boyer’s FSREI stock grant valued?

The grant to Ryan Boyer was valued at $23.8409 per share for the 943.756 Class I Common shares. This figure reflects the per-share value used to report the non-derivative stock award.

How many FSREI shares does Ryan Boyer own after this transaction?

After the August 3, 2026 grant, Ryan Boyer directly holds 16,235.605 shares of FS Credit Real Estate Income Trust, Inc. Class I Common Stock, as reported in the insider ownership totals.

Was Ryan Boyer’s FSREI stock transaction under a Rule 10b5-1 plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox was not marked, meaning this 943.756-share grant to Ryan Boyer was not reported as executed under a Rule 10b5-1 trading plan.

What type of security did FSREI grant to director Ryan Boyer?

Ryan Boyer received Class I Common Stock of FS Credit Real Estate Income Trust, Inc. The non-derivative award covered 943.756 shares, classified as a grant/award acquisition with direct ownership reported after the 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^*

Boyer Ryan

(Last) (First) (Middle)

C/O FS CREDIT REAL ESTATE INCOME TRUST

3025 JFK BOULEVARD, OFC 500

(Street)

PHILADELPHIA PENNSYLVANIA 19112

(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)
08/03/2026

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	08/03/2026		A		943.756	A	$23.8409	16,235.605	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/ Ryan N. Boyer	08/05/2026
	** 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)