Director at FrontView REIT (FVR) granted LTIP Units as RSUs settle into shares

Rhea-AI Filing Summary

FrontView REIT, Inc. director Daniel E. Swanstrom II reported routine equity compensation moves. He received a grant of 5,320 LTIP Units in FrontView Operating Partnership LP at no cost, which may later convert into OP Units and potentially be redeemed for cash or common shares under stated conditions.

On May 26, 2026, 7,895 restricted stock units vested and were settled into 7,895 shares of common stock on a one-for-one basis under the 2024 Omnibus Equity and Incentive Plan. Following this settlement, Swanstrom directly owned 10,264 shares of common stock. No open‑market purchases or sales were reported.

Insider Trade Summary

7,895 shares exercised/converted

Mixed 3 txns

Insider Swanstrom Daniel E II

Role null

Type	Security	Shares	Price	Value
Grant/Award	LTIP Units	5,320	$0.00	--
Exercise	Restricted Stock Units	7,895	$0.00	--
Exercise	Common Stock	7,895	$0.00	--

Holdings After Transaction: LTIP Units — 5,320 shares (Direct, null); Restricted Stock Units — 0 shares (Direct, null); Common Stock — 10,264 shares (Direct, null)

Footnotes (1)

1. Restricted stock units ("RSUs") represent a contingent right to receive shares of the Issuer's common stock ("Share") on a one-for-one basis, pursuant to the Issuer's 2024 Omnibus Equity and Incentive Plan (the "Equity Plan"). The RSUs vested and were settled on May 26, 2026. This transaction represents the settlement of 7,895 RSUs in Shares following vesting. Represents units of limited partnership interest designated as "LTIP Units" in FrontView Operating Partnership LP (the "Operating Partnership") granted pursuant to the Equity Plan and the Amended and Restated Agreement of Limited Partnership of the Operating Partnership, dated as of October 3, 2024 (the "Partnership Agreement"). LTIP Units have no expiration date. Each LTIP Unit may be converted at the election of the Issuer or the holder, into a common unit of limited partnership interest in the Operating Partnership (an "OP Unit") only if the vesting conditions described below are met. Each OP Unit is thereafter redeemable at the election of the holder for cash equal to the then fair market value of one Share, or at the Issuer's election, one Share, subject to adjustment as set forth in the Partnership Agreement. These LTIP Units vest in full on the earlier of (i) the first anniversary of the date of issuance and (ii) the day before the Issuer's first annual stockholders' meeting that is held at least 50 weeks following the date of issuance, in either case, subject to continued service with the Issuer through the applicable date.

Key Figures

LTIP Units granted: 5,320 LTIP Units RSUs settled: 7,895 RSUs Common shares after transactions: 10,264 shares +2 more

5 metrics

LTIP Units granted 5,320 LTIP Units Equity grant to director under Equity Plan

RSUs settled 7,895 RSUs Vested and settled into common shares on May 26, 2026

Common shares after transactions 10,264 shares Direct holdings of common stock following RSU settlement

RSU-to-share ratio 1:1 Each RSU converts into one common share under the Equity Plan

LTIP Unit exercise price $0.00 per unit Stated grant price for LTIP Units

Key Terms

Restricted stock units ("RSUs"), LTIP Units, Operating Partnership, OP Unit, +1 more

5 terms

Restricted stock units ("RSUs") financial

"Restricted stock units ("RSUs") represent a contingent right to receive shares..."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

LTIP Units financial

"Represents units of limited partnership interest designated as "LTIP Units"..."

LTIP units are awards given to executives and employees as part of a long-term incentive plan; they act like deferred bonuses that convert into company shares or cash only if the business meets set performance or time requirements. Investors care because LTIP units tie management pay to future results, can increase the number of outstanding shares (dilution) when they vest, and create ongoing compensation expense that can affect earnings and shareholder value.

Operating Partnership financial

"LTIP Units in FrontView Operating Partnership LP (the "Operating Partnership")..."

An operating partnership is a separate legal entity set up to own and run a company’s core assets and day-to-day businesses, while investors hold interests indirectly through the parent company. Think of it like a dedicated garage that actually stores and services the cars while the owner keeps the dealership; it matters to investors because it affects how income, taxes, liability and voting rights are allocated and therefore can influence distributions and risk.

OP Unit financial

"Each LTIP Unit may be converted... into a common unit... (an "OP Unit")..."

An op unit is shorthand for an operating unit — a distinct part of a company that runs day-to-day activities, such as manufacturing, sales, or a product line, with its own management and performance metrics. Investors care because each unit’s results show which parts of the business are profitable or struggling, much like checking individual rooms in a house to see where energy or costs are leaking, helping assess growth potential and risk.

2024 Omnibus Equity and Incentive Plan financial

"pursuant to the Issuer's 2024 Omnibus Equity and Incentive Plan (the "Equity Plan")..."

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Form 4 Insider Transactions: What Each Field Means →

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^*

Swanstrom Daniel E II

(Last) (First) (Middle)

C/O FRONTVIEW REIT, INC.,

3131 MCKINNEY AVENUE, SUITE L10

(Street)

DALLAS TEXAS 75204

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FrontView REIT, Inc. [ FVR ]

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)
05/26/2026

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
Common Stock	05/26/2026		M		7,895	A	(1)	10,264	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
Restricted Stock Units(1)	(1)(2)	05/26/2026		M			7,895	(2)	(2)	Common Stock	7,895	$0	0	D
LTIP Units(3)	(4)	05/27/2026		A		5,320		(5)	(3)	OP Units	5,320	(4)	5,320	D

Explanation of Responses:

1. Restricted stock units ("RSUs") represent a contingent right to receive shares of the Issuer's common stock ("Share") on a one-for-one basis, pursuant to the Issuer's 2024 Omnibus Equity and Incentive Plan (the "Equity Plan").

2. The RSUs vested and were settled on May 26, 2026. This transaction represents the settlement of 7,895 RSUs in Shares following vesting.

3. Represents units of limited partnership interest designated as "LTIP Units" in FrontView Operating Partnership LP (the "Operating Partnership") granted pursuant to the Equity Plan and the Amended and Restated Agreement of Limited Partnership of the Operating Partnership, dated as of October 3, 2024 (the "Partnership Agreement"). LTIP Units have no expiration date.

4. Each LTIP Unit may be converted at the election of the Issuer or the holder, into a common unit of limited partnership interest in the Operating Partnership (an "OP Unit") only if the vesting conditions described below are met. Each OP Unit is thereafter redeemable at the election of the holder for cash equal to the then fair market value of one Share, or at the Issuer's election, one Share, subject to adjustment as set forth in the Partnership Agreement.

5. These LTIP Units vest in full on the earlier of (i) the first anniversary of the date of issuance and (ii) the day before the Issuer's first annual stockholders' meeting that is held at least 50 weeks following the date of issuance, in either case, subject to continued service with the Issuer through the applicable date.

	/s/ Stephen Preston as Attorney-in-Fact for Daniel E. Swanstrom II	05/28/2026
	** 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)

FAQ

What insider transactions did FrontView REIT (FVR) disclose for Daniel E. Swanstrom II?

FrontView REIT reported that director Daniel E. Swanstrom II received 5,320 LTIP Units and had 7,895 restricted stock units vest and settle into 7,895 common shares. These equity awards are part of the company’s 2024 Omnibus Equity and Incentive Plan, not open-market trading.

How many FrontView REIT (FVR) shares does Daniel E. Swanstrom II hold after these transactions?

After the reported transactions, Daniel E. Swanstrom II directly holds 10,264 shares of FrontView REIT common stock. This position reflects the settlement of 7,895 restricted stock units into shares and does not include potential future conversions of the newly granted LTIP Units.

What are the 7,895 restricted stock units reported for FrontView REIT (FVR)?

The 7,895 restricted stock units represented a contingent right to receive an equal number of FrontView REIT common shares. They vested and were settled on May 26, 2026, resulting in the issuance of 7,895 shares, granted under the 2024 Omnibus Equity and Incentive Plan as equity compensation.

What are the 5,320 LTIP Units granted to Daniel E. Swanstrom II at FrontView REIT (FVR)?

The 5,320 LTIP Units are limited partnership interests in FrontView Operating Partnership LP granted under the equity plan and partnership agreement. Each LTIP Unit can convert into an OP Unit if vesting conditions are met, and each OP Unit can then be redeemed for cash or one common share, at the issuer’s election.

When do the LTIP Units for FrontView REIT (FVR) vest for Daniel E. Swanstrom II?

The LTIP Units vest in full on the earlier of the first anniversary of issuance or the day before FrontView REIT’s first annual stockholders’ meeting held at least 50 weeks after issuance. Vesting is conditioned on continued service with the company through the applicable vesting date.

Did FrontView REIT (FVR) report any insider share sales or open-market buys in this Form 4?

The Form 4 does not report any open-market purchases or sales. It shows equity compensation activity only: a grant of 5,320 LTIP Units and the vesting and settlement of 7,895 restricted stock units into common shares, all at a stated price of $0.00 per unit or share.