FS Credit Real Estate Income Trust (FSREI) director awarded new shares

Rhea-AI Filing Summary

FS Credit Real Estate Income Trust, Inc. director David M. Schiff reported receiving a grant of 785.143 shares of Class I Common Stock on May 1, 2026 at $23.881 per share. This award is classified as a grant or other acquisition, not an open-market purchase. Following the grant, he directly holds 11,679.210 shares of Class I Common Stock.

Insider Trade Summary

Net Buyer: 785.143 shares

Net Buy 1 txn

Insider Schiff David M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class I Common Stock	785.143	$23.881	$19K

Holdings After Transaction: Class I Common Stock — 11,679.21 shares (Direct)

Key Figures

Shares granted: 785.143 shares Grant price: $23.881 per share Total shares after grant: 11,679.210 shares +1 more

4 metrics

Shares granted 785.143 shares Class I Common Stock grant on May 1, 2026

Grant price $23.881 per share Reporting price for Class I Common Stock grant

Total shares after grant 11,679.210 shares Director’s direct holdings following the transaction

Transactions acquiring shares 1 transaction Single grant, award, or other acquisition reported

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""

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 - 10:21 AM Learn about SEC filing dates

FAQ

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

David M. Schiff reported receiving a grant of 785.143 shares of Class I Common Stock. The transaction occurred on May 1, 2026 and is classified as a grant, award, or other acquisition rather than an open-market stock purchase or sale.

At what price was the FSREI Class I Common Stock grant to David M. Schiff recorded?

The grant to David M. Schiff was recorded at $23.881 per share of Class I Common Stock. This reflects the price used for reporting the equity award on the Form 4 and does not represent an open-market trade execution price.

How many FSREI shares does David M. Schiff hold after this Form 4 transaction?

After the reported grant, David M. Schiff directly holds 11,679.210 shares of Class I Common Stock. This total includes the 785.143 shares acquired through the grant reported on the Form 4 filed for the May 1, 2026 transaction.

Was the FSREI Form 4 transaction a stock purchase or a compensation grant?

The Form 4 transaction was a compensation-related grant, not a market purchase. It is coded as “A” for a grant, award, or other acquisition, indicating the shares were awarded to David M. Schiff rather than bought in the open market.

Does the FSREI Form 4 show any insider stock sales by David M. Schiff?

The filing shows no stock sales by David M. Schiff. It reports only one acquisition transaction coded as a grant, award, or other acquisition, with no dispositions, exercises, gifts, or tax-withholding sales disclosed in the summarized data.

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)
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		785.143	A	$23.881	11,679.21	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	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)