InPoint grants director 728 Class I shares

Director Norman Feinstein received a multi‑year vesting equity grant in Class I Common Stock as non‑employee director compensation at InPoint Commercial Real Estate Income, Inc.

Rhea-AI Filing Summary

InPoint Commercial Real Estate Income, Inc. (symbol: ICRL) is the issuer of record for a Form 4 filing submitted to the SEC. Feinstein Norman reported acquisition or exercise transactions in this Form 4 filing.

InPoint Commercial Real Estate Income, Inc. (ICRL) reported that director Norman Feinstein received a grant of 728.4966 shares of Class I Common Stock on September 16, 2026 as compensation under the Independent Director Restricted Share Plan at $0.00 per share. These shares vest in three equal 33-1/3% installments on September 16, 2027, 2028 and 2029, with accelerated vesting upon a liquidity event or upon his death or disability. After this grant, he holds 4,572.313 Class I shares directly, plus direct and indirect holdings of Class P Common Stock.

Insider Trade Summary

Grant/Award: 728.4966 shares

Grant/Award 3 txns

Insider Feinstein Norman

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class I Common Stock F1, F2	728.4966	$0.00	$0.00
holding	Class P Common Stock	--	--	--
holding	Class P Common Stock	--	--	--

Holdings After Transaction: Class I Common Stock — 4,572.313 shares (Direct); Class P Common Stock — 800 shares (Direct); Class P Common Stock — 4,000 shares (Indirect, By Aspen Holdings Profit Sharing Plan)

Footnotes (2)

1. F1. Shares of common stock were granted to the reporting person under the Issuer's Independent Director Restricted Share Plan. These shares were issued on account of the reporting person's service as a non-employee director of the Issuer and without additional consideration. The shares become vested in equal installments of 33-1/3% on September 16, 2027, September 16, 2028 and September 16, 2029, subject to the reporting person's continued service to the Issuer, provided that 100% of any then unvested shares becomes fully vested upon the consummation of a liquidity event or the reporting person's death or disability.
2. F2. Includes shares of common stock previously acquired through the Issuer's Distribution Reinvestment Plan (DRP).

Key Figures

Class I shares granted: 728.4966 shares Grant price: $0.00 per share Vesting installments: 33-1/3% each +3 more

6 metrics

Class I shares granted 728.4966 shares Grant to director on September 16, 2026 under Independent Director Restricted Share Plan

Grant price $0.00 per share Class I Common Stock grant issued without additional consideration

Vesting installments 33-1/3% each Annual vesting of granted Class I shares on September 16, 2027, 2028 and 2029

Class I shares after grant 4,572.313 shares Director’s direct Class I Common Stock holding following the grant, including DRP shares

Direct Class P holdings 800 shares Director’s direct Class P Common Stock holding as of September 16, 2026

Indirect Class P holdings 4,000 shares Class P Common Stock held indirectly via Aspen Holdings Profit Sharing Plan

Key Terms

Independent Director Restricted Share Plan, Distribution Reinvestment Plan (DRP), liquidity event, non-employee director

4 terms

Independent Director Restricted Share Plan financial

"Shares of common stock were granted to the reporting person under the Issuer's Independent Director Restricted Share Plan."

Distribution Reinvestment Plan (DRP) financial

"Includes shares of common stock previously acquired through the Issuer's Distribution Reinvestment Plan (DRP)."

liquidity event financial

"100% of any then unvested shares becomes fully vested upon the consummation of a liquidity event"

A liquidity event is a transaction that converts ownership in a privately held or illiquid asset into cash or a marketable security, such as a sale, merger, public stock offering, or buyout. It matters to investors because it provides a clear way to realize returns or recover capital—think of it as turning a house into a cash sale—so the timing, price and structure of the event determine how much money stakeholders actually receive.

non-employee director financial

"issued on account of the reporting person's service as a non-employee director of the Issuer"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did InPoint Commercial Real Estate Income, Inc. (ICRL) report for Norman Feinstein?

The company reported that director Norman Feinstein received a grant of 728.4966 Class I Common Stock shares on September 16, 2026 as non‑employee director compensation under the Independent Director Restricted Share Plan.

What are the vesting terms of the new Class I share grant reported by ICRL?

The 728.4966 Class I Common Stock shares vest in equal installments of 33-1/3% on September 16, 2027, September 16, 2028, and September 16, 2029, with any unvested shares becoming fully vested upon a liquidity event or the director’s death or disability.

What is Norman Feinstein’s Class I Common Stock holding in ICRL after this Form 4 transaction?

After the reported grant, Norman Feinstein directly holds 4,572.313 Class I Common Stock shares, including shares previously acquired through InPoint Commercial Real Estate Income, Inc.’s Distribution Reinvestment Plan (DRP).

At what price were the new ICRL Class I Common Stock shares granted to Norman Feinstein?

The 728.4966 Class I Common Stock shares were granted at a reported price of $0.00 per share, reflecting that they were issued as compensation for service as a non‑employee director without additional consideration.

What Class P Common Stock holdings of ICRL does Norman Feinstein report on this Form 4?

Norman Feinstein reports 800 Class P Common Stock shares held directly and 4,000 Class P Common Stock shares held indirectly through the Aspen Holdings Profit Sharing Plan as of September 16, 2026.

Was the ICRL Form 4 transaction by Norman Feinstein made under a Rule 10b5-1 trading plan?

No. The filing indicates that no Rule 10b5-1 trading plan is reported in connection with this equity grant to director Norman Feinstein.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/18/2026 - 04:11 PM Accepted by SEC EDGAR 09/18/2026 - 04:10 PM Learn about SEC filing dates

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^*

Feinstein Norman

(Last) (First) (Middle)

2901 BUTTERFIELD ROAD

(Street)

OAK BROOK ILLINOIS 60523

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
InPoint Commercial Real Estate Income, Inc. [ N/A ]

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)
09/16/2026

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	09/16/2026		A		728.4966(1)	A	$0	4,572.313(2)	D
Class P Common Stock								800	D
Class P Common Stock								4,000	I	By Aspen Holdings Profit Sharing Plan

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:

1. Shares of common stock were granted to the reporting person under the Issuer's Independent Director Restricted Share Plan. These shares were issued on account of the reporting person's service as a non-employee director of the Issuer and without additional consideration. The shares become vested in equal installments of 33-1/3% on September 16, 2027, September 16, 2028 and September 16, 2029, subject to the reporting person's continued service to the Issuer, provided that 100% of any then unvested shares becomes fully vested upon the consummation of a liquidity event or the reporting person's death or disability.

2. Includes shares of common stock previously acquired through the Issuer's Distribution Reinvestment Plan (DRP).

	/s/ Catherine L. Lynch, Attorney-in-fact	09/18/2026
	** 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)