FS Credit Real Estate (FSREI) director Connors receives Class I stock grant

Rhea-AI Filing Summary

Connors Terence J reported acquisition or exercise transactions in this Form 4 filing.

FS Credit Real Estate Income Trust, Inc. director Terence J Connors reported a non-derivative grant of 917.541 shares of Class I Common Stock on 2026-08-03 at $23.8409 per share. Following this award, his direct holdings increased to 18,865.268 shares of Class I Common Stock.

Insider Trade Summary

Net Buyer: 917.541 shares

Net Buy 1 txn

Insider Connors Terence J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class I Common Stock	917.541	$23.8409	$22K

Holdings After Transaction: Class I Common Stock — 18,865.268 shares (Direct)

Key Figures

Shares granted: 917.541 shares Grant price: $23.8409 per share Holdings after transaction: 18,865.268 shares +1 more

4 metrics

Shares granted 917.541 shares Non-derivative grant of Class I Common Stock on 2026-08-03

Grant price $23.8409 per share Price per share for the 917.541-share Class I Common Stock grant

Holdings after transaction 18,865.268 shares Direct Class I Common Stock holdings of Terence J Connors after the grant

Transaction date 2026-08-03 Date of the non-derivative award acquisition reported on Form 4

Key Terms

Class I Common Stock, Grant, award, or other acquisition, non-derivative

3 terms

Class I Common Stock financial

"security_title: "Class I Common Stock""

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

non-derivative financial

"transaction_type: "non-derivative""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/05/2026 - 08:41 PM Accepted by SEC EDGAR 08/05/2026 - 08:41 PM Learn about SEC filing dates

FAQ

What insider transaction did Terence J Connors report for FSREI?

Terence J Connors reported a grant of 917.541 shares of Class I Common Stock in FS Credit Real Estate Income Trust, Inc. on 2026-08-03 as a non-derivative, award-type acquisition at a price of $23.8409 per share.

How many FSREI shares does Terence J Connors hold after this Form 4 transaction?

After the reported grant, Terence J Connors directly holds 18,865.268 shares of Class I Common Stock in FS Credit Real Estate Income Trust, Inc. This reflects the addition of 917.541 granted shares to his previously reported direct holdings.

What was the price per share in the FSREI stock grant to Terence J Connors?

The reported grant to Terence J Connors valued the 917.541 shares of FS Credit Real Estate Income Trust, Inc. Class I Common Stock at $23.8409 per share, as disclosed for the non-derivative award transaction dated 2026-08-03.

Is the Terence J Connors FSREI transaction a purchase or an award?

The transaction for FS Credit Real Estate Income Trust, Inc. involving Terence J Connors is classified as a “Grant, award, or other acquisition” (code A), meaning it is an award-type acquisition of 917.541 shares rather than an open-market purchase.

Does the FSREI Form 4 indicate a 10b5-1 trading plan for this grant?

The Form 4 data for FS Credit Real Estate Income Trust, Inc. shows the Rule 10b5-1 checkbox as false, indicating the reported grant of 917.541 Class I Common Stock shares to Terence J Connors was not affirmed as made under a Rule 10b5-1 trading plan.

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^*

Connors Terence J

(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		917.541	A	$23.8409	18,865.268	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/ Terence J. Connors	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)