FrontView REIT insider files: 10,526 RSUs converted, 2,654 shares sold

Rhea-AI Filing Summary

Drew Ireland, Chief Operating Officer of FrontView REIT, Inc. (FVR), reported changes in beneficial ownership on 10/04/2025. The filing shows an acquisition of 10,526 common shares through the conversion of restricted stock units and a contemporaneous disposition of 2,654 common shares at a price of $13.91. After these transactions the filing lists beneficial ownership amounts of 18,275 and 15,621 for the two non‑derivative lines and 42,106 shares as the number of shares underlying reported RSUs. The RSUs were originally granted on 10/04/2024 as 52,632 units under the 2024 Omnibus Equity and Incentive Plan, vesting in equal annual installments of 1/5 on each of 10/04/2025 through 10/04/2029, subject to continued service.

Positive

• Conversion of 10,526 RSUs to common shares, increasing immediately realizable equity
• Maintained a substantial RSU balance with 42,106 shares underlying reported RSUs after the transactions

Negative

• Disposition of 2,654 shares at $13.91, reducing direct holdings reported on one line to 15,621
• Vesting subject to continued service, creating potential forfeiture risk if service terminates before future vest dates

Insights

Corporate Governance Analyst

TL;DR: Officer converted RSUs into shares and sold a portion on 10/04/2025, reflecting routine equity compensation activity.

The reporting shows a conversion of 10,526 restricted stock units into common stock and a sale of 2,654 shares at $13.91. This pattern—vesting followed by partial sale—is common when insiders realize compensation value while retaining a larger position.

Key dependencies include the vesting schedule and continued service requirement tied to the original 10/04/2024 grant of 52,632 RSUs. Watch subsequent Form 4 filings near future vest dates to see additional conversions or sales within the next five years.

Equity Compensation Specialist

TL;DR: The grant terms disclose 5-year staggered vesting, with 1/5 vesting each year from 10/04/2025 to 10/04/2029.

The RSUs convert one‑for‑one into common shares under the 2024 Omnibus Equity and Incentive Plan; the filing explicitly cites the grant amount of 52,632 RSUs and the annual vesting fractions. The conversion of 10,526 units matches a single annual installment.

Risks and monitoring items are straightforward: continued service is a stated vesting condition, so future forfeiture is possible if service ends before vest dates. Expect follow‑up filings aligned to each annual vesting tranche.

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
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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^*

Ireland Drew

(Last) (First) (Middle)

C/O FRONTVIEW REIT, INC.

3131 MCKINNEY AVE., SUITE L10

(Street)

DALLAS TX 75204

(City) (State) (Zip)

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

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/04/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	10/04/2025		M		10,526	A	(1)	18,275	D
Common Stock	10/04/2025		F		2,654	D	$13.91	15,621	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)	10/04/2025		M			10,526	(2)	(2)	Common Stock	10,526	(1)	42,106	D

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. On October 4, 2024, the Reporting Person was granted 52,632 RSUs, vesting in equal annual installments as to 1/5 of the RSUs on each of October 4, 2025, 2026, 2027, 2028 and 2029, subject to continued service with the Issuer through the applicable date.

	/s/ Stephen Preston as Attorney-in-Fact for Drew Ireland	10/07/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What transactions did FVR COO Drew Ireland report on 10/04/2025?

The filing reports an acquisition of 10,526 common shares via RSU conversion and a sale of 2,654 shares at $13.91 on 10/04/2025.

How many RSUs were originally granted to Drew Ireland and when?

Drew Ireland was granted 52,632 restricted stock units on 10/04/2024 under the 2024 Omnibus Equity and Incentive Plan.

What is the RSU vesting schedule for the grant to Drew Ireland?

The RSUs vest in equal annual installments of 1/5 on each of 10/04/2025, 10/04/2026, 10/04/2027, 10/04/2028, and 10/04/2029, subject to continued service.

How many shares are shown as underlying reported RSUs after the transactions?

The filing lists 42,106 shares as the number of shares underlying the reported restricted stock units following the transactions.

What role does Drew Ireland hold at FrontView REIT, Inc. (FVR)?

The filing identifies Drew Ireland as the Chief Operating Officer and an officer of FrontView REIT, Inc.