FS Credit Real Estate (FSREI) director receives Class I Common Stock grant

Rhea-AI Filing Summary

Schiff David M reported acquisition or exercise transactions in this Form 4 filing.

FS Credit Real Estate Income Trust, Inc. reported that director David M. Schiff received a grant of 786.464 shares of Class I Common Stock on 2026-08-03 at $23.8409 per share. Following this award, his directly held position increased to 12,684.222 shares. The Rule 10b5-1 trading plan checkbox was left unchecked.

Insider Trade Summary

Net Buyer: 786.464 shares

Net Buy 1 txn

Insider Schiff David M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class I Common Stock	786.464	$23.8409	$19K

Holdings After Transaction: Class I Common Stock — 12,684.222 shares (Direct)

Key Figures

Shares acquired: 786.4640 shares Price per share: $23.8409 Shares owned after grant: 12684.2220 shares +1 more

4 metrics

Shares acquired 786.4640 shares Class I Common Stock grant on 2026-08-03

Price per share $23.8409 Value assigned to the Class I Common Stock grant

Shares owned after grant 12684.2220 shares Total direct holdings following the reported transaction

Transaction date 2026-08-03 Date of the reported Class I Common Stock grant

Key Terms

Class I Common Stock, Grant, award, or other acquisition, direct or indirect ownership, Rule 10b5-1

4 terms

Class I Common Stock financial

"Security title reported as Class I Common Stock"

Grant, award, or other acquisition regulatory

"Transaction code description: Grant, award, or other acquisition"

direct or indirect ownership financial

"Ownership type indicated as direct or indirect ownership"

Rule 10b5-1 regulatory

"Document-level Rule 10b5-1 trading plan checkbox"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

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

FAQ

What insider transaction did FSREI director David M. Schiff report?

David M. Schiff reported a grant of 786.464 shares of Class I Common Stock on 2026-08-03 at $23.8409 per share. This was coded as a grant, award, or other acquisition rather than an open-market purchase or sale.

How many FSREI shares does David M. Schiff hold after this transaction?

After the reported grant, David M. Schiff directly holds 12,684.222 shares of Class I Common Stock. This total reflects his position immediately following the 786.464-share award reported in the Form 4 filing.

What type of security was involved in the FSREI Form 4 transaction?

The transaction involved Class I Common Stock of FS Credit Real Estate Income Trust, Inc. These shares were acquired through a grant, award, or similar compensation-related acquisition, not through a market trade.

Was the FSREI insider transaction reported under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox was left unchecked, indicating the transaction was not affirmatively reported as executed pursuant to a Rule 10b5-1 trading plan or similar pre-arranged trading arrangement.

What price was used for the FSREI director’s stock grant on 2026-08-03?

The 786.464-share grant to director David M. Schiff used a value of $23.8409 per share. This per-share figure reflects the price assigned to the Class I Common Stock for the reported award.

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^*

Schiff David M

(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)
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		786.464	A	$23.8409	12,684.222	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/ David M. Schiff	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)