Every Form 4 that FS CR REAL EST INCOME M (FSREM) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow FSREM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FSREM filings page.
FS Credit Real Estate Income Trust, Inc. reported amended insider activity for President & CEO Michael C. Forman, reflecting transactions largely effected through Franklin Square Holdings, L.P. On July 1, 2026, Class I Restricted Stock Units representing 71,346.63 underlying Class I Common shares were disposed of to the issuer in exchange for common stock, and an estimated 157,164.83 new Class I RSUs were granted as part of the adviser’s 1.0% of net asset value annual administrative services fee, payable quarterly in Class I RSUs. Following these transactions, indirect holdings also include Class I Common Stock and Class T, M and S Common Stock through affiliated entities, and the amendment corrects the previously underreported Class I Common shares beneficially owned after the transaction.
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.
FS Credit Real Estate Income Trust, Inc. reported that director Karen Dougherty Buchholz received a grant of 943.7560 shares of Class I Common Stock on 2026-08-03 at $23.8409 per share. After this non-derivative grant/award acquisition, she directly holds 20,128.5710 shares of the company’s common stock.
FS Credit Real Estate Income Trust, Inc. director John A. Fry reported an acquisition of 943.7560 shares of Class I Common Stock on August 3, 2026, through a grant, award, or similar acquisition at 23.8409 per share. After this transaction he directly holds 18351.7730 shares. The company indicated this transaction was not made under a Rule 10b5-1 trading plan.
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.
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.
FS Credit Real Estate Income Trust, Inc. reported that director William P. Hankowsky received a grant, award, or other acquisition of 786.464 shares of Class I Common Stock on 2026-08-03 at $23.8409 per share. Following this non-derivative award, his directly held position is 7,023.437 shares of Class I Common Stock.
FS Credit Real Estate Income Trust, Inc. director James W. Brown reported a grant of 838.895 shares of Class I Common Stock on August 3, 2026, at $23.8409 per share. After this grant/award acquisition, he directly holds 15,548.812 shares of the company’s Class I Common Stock.
FS Credit Real Estate Income Trust, Inc. reported indirect equity-related activity for President & CEO Michael C. Forman through affiliated entities. Franklin Square Holdings, L.P. acquired 71,346.630 shares of Class I Common Stock and 157,164.830 Class I Restricted Stock Units as a grant or award, with related RSU dispositions back to the issuer.
Additional indirect holdings of Class S, Class M, and Class T Common Stock are reported through FSH Seed Capital Vehicle I LLC. Footnotes explain that Forman disclaims beneficial ownership beyond his pecuniary interest and that the Class I Restricted Stock Units, issued as a 1.0% per annum administrative services fee based on net asset value, are estimated amounts tied to future vesting and exchange into Class I Common Stock.
FS Credit Real Estate Income Trust director Jeffrey P. Krasnoff reported a mix of indirect stock sales and equity awards linked to advisory fees. Through Rialto Capital Management, LLC, an entity he is associated with, 158,727.442 shares of Class I Common Stock were sold at $23.8603 per share, leaving 68,231.184 Class I shares indirectly held.
On a subsequent date, Rialto Capital Management, LLC received 71,346.63 shares of Class I Common Stock and 157,164.83 Class I Restricted Stock Units as compensation-type awards at $23.8603 per share, while 71,346.63 Class I Restricted Stock Units were returned to the issuer. Following these derivative transactions, 1,673,354.668 Class I Restricted Stock Units linked to Class I Common Stock were indirectly held. Footnotes note that these RSUs are paid as a 1.0% of net asset value annual administrative services fee, are subject to time-based vesting into Class I Common, and the reported RSU amounts are estimates based on the most recent net asset value.
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.
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.
HANKOWSKY WILLIAM P reported acquisition or exercise transactions in this Form 4 filing.
FS Credit Real Estate Income Trust, Inc. director William P. Hankowsky received an award of 785.143 shares of Class I Common Stock on May 1, 2026 at a value of $23.881 per share. After this grant, he directly holds a total of 6,236.973 shares.
FRY JOHN A reported acquisition or exercise transactions in this Form 4 filing.
FS Credit Real Estate Income Trust, Inc. director John A. Fry received a compensatory grant of 942.1720 shares of Class I Common Stock, reported at $23.8810 per share. Following this award, he directly holds 17,408.0170 shares of the company’s Class I Common Stock.
FS Credit Real Estate Income Trust, Inc. reported that director Terence J. Connors received a grant of 916 shares of Class I Common Stock. The award was recorded at $23.881 per share and is characterized as a grant or other acquisition, not an open-market purchase. Following this award, Connors directly holds 17,947.727 shares of the company’s Class I Common Stock.
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 942.172 shares of Class I Common Stock on May 1, 2026. The shares were awarded at a value of $23.8810 per share, increasing his direct holdings to 15,291.849 shares after the transaction.
FS Credit Real Estate Income Trust director receives share grant. Director Karen Dougherty Buchholz acquired 942.1720 shares of Class I Common Stock on May 1, 2026 as a grant or award at $23.8810 per share. Following this compensation-related acquisition, she holds a total of 18,832.4100 shares directly.
BROWN JAMES W reported acquisition or exercise transactions in this Form 4 filing.
FS Credit Real Estate Income Trust, Inc. director James W. Brown received a grant of 837.486 shares of Class I Common Stock on May 1, 2026 at a value of $23.881 per share. After this award, he directly holds a total of 14,439.710 shares.
FS Credit Real Estate Income Trust, Inc. director Jeffrey P. Krasnoff reported indirect acquisitions linked to advisory compensation arrangements. An entity associated with him, Rialto Capital Management, LLC, received 157,026.628 Class I Restricted Stock Units at 23.8813 per unit and 68,231.184 Class I Common shares at 23.8813 per share as grant or award-type acquisitions. The RSUs are issuable into Class I Common Stock and are subject to time-based vesting under a Class I Restricted Stock Unit Agreement. The administrative services fee that drives these awards equals 1.0% of the company’s net asset value per year, is paid quarterly in Class I RSUs, and is split equally between the Adviser and Rialto Capital Management, LLC. Separately, another entity jointly owned by the reporting person and his spouse, JTK RCM, LLC, is shown holding 23,131.990 Class I Common shares and 38,882.317 Class F Common shares. All positions are reported as indirect ownership, and some shares include amounts received through reinvested distributions. The reporting person disclaims beneficial ownership of any Rialto-held shares beyond his pecuniary interest.
Forman Michael C. reported acquisition or exercise transactions in this Form 4 filing.
FS Credit Real Estate Income Trust, Inc. reported that an entity associated with President & CEO Michael C. Forman, Franklin Square Holdings, L.P., received a grant of 157,026.628 Class I Restricted Stock Units and 68,231.184 Class I Common shares on April 1, 2026 as compensation.
Under the advisory arrangement, the company pays an administrative services fee equal to 1.0% of net asset value per year, payable quarterly in Class I Restricted Stock Units, split 50/50 between the adviser and Rialto Capital Management LLC. These units are exchangeable into Class I Common Stock subject to time-based vesting.
The filing also lists indirect holdings of Class T, Class M, and Class S Common Stock through FSH Seed Capital Vehicle I LLC. Forman disclaims beneficial ownership of shares held by related entities beyond his pecuniary interest.
FS Credit Real Estate Income Trust, Inc. director William P. Hankowsky reported an acquisition of Class I Common Stock through a grant or award. He received 783.7940 shares on March 2, 2026 at a price of $23.9221 per share. Following this award, his direct holdings in Class I Common Stock increased to 5,451.8300 shares.
Connors Terence J reported acquisition or exercise transactions in this Form 4 filing.
FS Credit Real Estate Income Trust, Inc. director Terence J. Connors received an award of 914 shares of Class I common stock at $23.92 per share. After this grant, he directly holds 17,032 shares. This filing records an equity-based compensation grant rather than an open-market purchase.
BROWN JAMES W reported acquisition or exercise transactions in this Form 4 filing.
FS Credit Real Estate Income Trust, Inc. director James W. Brown received a grant of 836.047 shares of Class I Common Stock on March 2, 2026, as a stock award rather than an open-market purchase, at a reported price of $23.9221 per share. Following this award, his directly held stake in this class increased to 13,435.294 shares.
FS Credit Real Estate Income Trust, Inc. director Karen Dougherty Buchholz reported an equity award of Class I Common Stock. She acquired 940.5530 shares on March 2, 2026 at a stated price of $23.9221 per share as a grant, award, or other acquisition, not an open-market purchase. Following this transaction, her directly held Class I Common Stock position increased to 17,670.6820 shares.
FS Credit Real Estate Income Trust, Inc. director John A. Fry reported an acquisition of Class I Common Stock. On March 2, 2026, he received a grant or award of 940.553 Class I Common Stock shares at a reported price of $23.9221 per share. After this award, his directly held position in this class increased to 16,465.845 shares.
FS Credit Real Estate Income Trust, Inc. director Ryan Boyer reported an equity award of Class I Common Stock. He acquired 940.5530 shares on March 2, 2026 at a reported price of $23.9221 per share as a grant, award, or other acquisition. After this transaction, his directly held position increased to 14349.6770 shares of Class I Common Stock.
FS Credit Real Estate Income Trust, Inc. director Karen D. Buchholz reported buying additional Class I common stock. On 12/01/2025, she acquired 939.249 Class I common shares at a price of $23.9553 per share. Following this transaction, she beneficially owned a total of 16,415.583 Class I common shares in direct ownership. The filing is made on Form 4 by a single reporting person and shows no derivative securities transactions.
FS Credit Real Estate Income Trust, Inc. reported that one of its directors acquired additional shares of the company’s Class I Common Stock. On 12/01/2025, the reporting person acquired 834.888 shares of Class I Common Stock at a price of $23.9553 per share. Following this transaction, the director beneficially owned a total of 12,362.367 shares of Class I Common Stock in direct ownership form. This filing was made on Form 4, which discloses changes in the equity holdings of insiders such as directors.
FS Credit Real Estate Income Trust, Inc. reported an insider share acquisition by one of its directors. On 12/01/2025, the director acquired 939.249 shares of Class I common stock at a price of $23.9553 per share. Following this transaction, the director directly beneficially owns 13,409.124 shares of Class I common stock. This filing is a routine Form 4 disclosure showing updated insider ownership.
FS Credit Real Estate Income Trust, Inc. director acquired additional shares of the company’s Class I common stock. On 12/01/2025, the reporting person purchased 782.708 Class I common shares at a price of $23.9553 per share. Following this transaction, the director beneficially owns 9,789.005 Class I common shares in direct ownership. The filing was made on Form 4 for a single reporting person and reflects an increase in the director’s personal equity stake in FS Credit Real Estate Income Trust, Inc.
FS Credit Real Estate Income Trust, Inc. director Willam Hankowsky reported a small purchase of the company’s Class I common stock. On 12/01/2025, he acquired 782.708 shares of Class I common stock at a price of $23.9553 per share in a transaction classified as an acquisition. Following this transaction, he directly owns a total of 4,668.036 shares of Class I common stock.
FS Credit Real Estate Income Trust, Inc. reported an insider share acquisition by one of its directors. On 12/01/2025, the director acquired 913.159 shares of Class I Common Stock in an open-market or similar transaction coded as an acquisition. The reported purchase price was $23.9553 per share. After this transaction, the director beneficially owns 16,117.301 shares of the company’s Class I Common Stock, held in direct ownership form. This filing reflects a change in insider holdings rather than a corporate-level financing or strategic transaction.