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Director at FrontView REIT (FVR) receives 850 RSUs and converts OP Units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

FrontView REIT, Inc. director Robert S. Green reported equity compensation and related conversions. On March 31, 2026, he received 850 restricted stock units (RSUs), each representing a right to one share of common stock under the 2024 Omnibus Equity and Incentive Plan, at no cash cost.

The RSUs generally vest in full on the earlier of the first anniversary of issuance or the day before the first annual stockholders’ meeting held at least 50 weeks after issuance, subject to continued service. Earlier, on May 7, 2025, entities controlled or wholly owned by him exercised 6,250 and 6,010 OP Units into the same number of common shares at a stated price of zero, leaving indirect holdings of 77,553 and 21,060 shares, plus 10,000 shares held directly.

Positive

  • None.

Negative

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Insider Green Robert S.
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock Units 850 $0.00 --
Exercise OP Units 6,250 $0.00 --
Exercise OP Units 6,010 $0.00 --
Exercise Common Stock 6,250 $0.00 --
Exercise Common Stock 6,010 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 850 shares (Direct); OP Units — 0 shares (Indirect, See Footnote); Common Stock — 77,553 shares (Indirect, See Footnote); Common Stock — 10,000 shares (Direct)
Footnotes (1)
  1. Restricted stock units ("RSUs") represent a contingent right to receive shares of the Issuer's common stock ("Shares") on a one-for-one basis, pursuant to the Issuer's 2024 Omnibus Equity and Incentive Plan. The RSUs generally 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. Represents units of limited partnership interest in FrontView Operating Partnership LP (the "Operating Partnership") designated as OP Units ("OP Units") under the Amended and Restated Agreement of Limited Partnership of the Operating Partnership, dated as of October 3, 2024 (the "Partnership Agreement"). Each OP Unit is 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. Held by RSG (US Holdings) Limited Partnership, which is controlled by the Reporting Person. Held by RSG Holdings Inc., which is wholly owned by the Reporting Person.
RSUs granted 850 units Restricted stock units granted on March 31, 2026
OP Units exercised (block 1) 6,250 units OP Units converted into common stock on May 7, 2025
OP Units exercised (block 2) 6,010 units OP Units converted into common stock on May 7, 2025
Indirect holdings after exercise (entity 1) 77,553 shares Common stock held indirectly after May 7, 2025 transaction
Indirect holdings after exercise (entity 2) 21,060 shares Common stock held indirectly after May 7, 2025 transaction
Direct common stock holding 10,000 shares Directly held common stock as of May 7, 2025
Total OP Units exercised 12,260 units Aggregate OP Units converted, per transaction summary exerciseShares
RSU conversion ratio 1 share per RSU Each RSU represents a contingent right to one common share
Restricted stock units financial
"Restricted stock units ("RSUs") represent a contingent right to receive shares"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
OP Units financial
"Represents units of limited partnership interest in FrontView Operating Partnership LP designated as OP Units"
OP units are ownership stakes in an operating partnership that sits beneath a public parent company, commonly used by real estate and energy firms to hold assets and distributions. Think of them like special shares in a subsidiary: they give economic rights to profits and cash payouts but are structured differently from the parent’s common stock, so investors watch OP unit issuance because it can change the effective ownership, future distributions, and potential dilution of the parent company’s equity.
FrontView Operating Partnership LP financial
"Represents units of limited partnership interest in FrontView Operating Partnership LP"
2024 Omnibus Equity and Incentive Plan financial
"pursuant to the Issuer's 2024 Omnibus Equity and Incentive Plan"
limited partnership interest financial
"Represents units of limited partnership interest in FrontView Operating Partnership LP"
fair market value financial
"Each OP Unit is redeemable at the election of the holder for cash equal to the then fair market value of one Share"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
SEC Form 4
FORM 4UNITED 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*
Green Robert S.

(Last)(First)(Middle)
C/O FRONTVIEW REIT, INC.
3131 MCKINNEY AVE., 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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/07/2025
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock05/07/2025M6,250A(4)77,553ISee Footnote(5)
Common Stock05/07/2025M6,010A(4)21,060ISee Footnote(6)
Common Stock10,000D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)(1)03/31/2026A850 (2) (2)Common Stock850(1)850D
OP Units(3)(4)05/07/2025M6,250 (4) (4)Common Stock6,250(4)0ISee Footnote(5)
OP Units(3)(4)05/07/2025M6,010 (4) (4)Common Stock6,010(4)0ISee Footnote(6)
Explanation of Responses:
1. Restricted stock units ("RSUs") represent a contingent right to receive shares of the Issuer's common stock ("Shares") on a one-for-one basis, pursuant to the Issuer's 2024 Omnibus Equity and Incentive Plan.
2. The RSUs generally 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.
3. Represents units of limited partnership interest in FrontView Operating Partnership LP (the "Operating Partnership") designated as OP Units ("OP Units") under the Amended and Restated Agreement of Limited Partnership of the Operating Partnership, dated as of October 3, 2024 (the "Partnership Agreement").
4. Each OP Unit is 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. Held by RSG (US Holdings) Limited Partnership, which is controlled by the Reporting Person.
6. Held by RSG Holdings Inc., which is wholly owned by the Reporting Person.
/s/ Stephen Preston as Attorney-in-Fact for Robert S. Green04/02/2026
** Signature of Reporting PersonDate
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 did FrontView REIT (FVR) director Robert S. Green report in this Form 4?

He reported equity compensation and conversions. Green received 850 restricted stock units and associated rights to common shares, and entities tied to him converted OP Units into common stock, updating both his direct and indirect shareholdings in FrontView REIT.

How many RSUs did the FrontView REIT (FVR) director receive and when do they vest?

He received 850 RSUs on March 31, 2026. These awards generally vest in full on the earlier of the first anniversary of issuance or the day before the first annual stockholders’ meeting held at least 50 weeks after issuance, assuming continued service.

What are OP Units in FrontView REIT (FVR) and how were they handled here?

OP Units are limited partnership interests in FrontView Operating Partnership LP. Each unit is redeemable for cash equal to one share’s fair value or one share. Entities associated with the director exercised 6,250 and 6,010 OP Units into the same number of common shares.

What are the director’s updated shareholdings in FrontView REIT (FVR) after these transactions?

Indirect holdings increased to 77,553 and 21,060 common shares at the respective entities, with 10,000 common shares held directly. He also holds 850 RSUs, each representing a contingent right to receive one additional FrontView REIT common share upon vesting.

Does this FrontView REIT (FVR) Form 4 show any open-market stock purchases or sales?

No open-market buys or sells are shown. The filing reports equity grants and derivative exercises at a stated price of zero, updating direct and indirect ownership positions without recording any cash-based market purchases or sales of FrontView REIT common stock.
FrontView REIT, Inc.

NYSE:FVR

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