Inland Real Estate Income Trust grants Davis 2,368 shares

Q: How many shares did INRE director Stephen L. Davis receive?

Stephen L. Davis received 2,368 shares of common stock as a grant on November 5, 2026. His direct holdings following the grant were 14,569 shares.

Q: When do Stephen L. Davis's INRE shares vest?

The shares vest in equal 33-1/3% installments on November 5, 2027, November 5, 2028, and November 5, 2029, subject to his continued service. All then-unvested shares become fully vested upon a liquidity event or his death or disability.

The award vests in equal installments on November 5, 2027, November 5, 2028, and November 5, 2029, subject to continued service.

Available on EDGAR 11/06/2026 - 01:04 PM EST Accepted by SEC EDGAR 11/06/2026 - 01:04 PM EST

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Form Type

Rhea-AI Filing Summary

Inland Real Estate Income Trust, Inc. director Stephen L. Davis acquired 2,368 shares of common stock on November 5, 2026, as a grant under the Employee and Director Restricted Share Plan for his service as a non-employee director and without additional consideration. His direct holdings following the grant were 14,569 shares. The award vests in equal 33-1/3% installments on November 5, 2027, November 5, 2028, and November 5, 2029, subject to continued service; all then-unvested shares vest upon a liquidity event or his death or disability.

Insider Trade Summary

Grant/Award: 2,368.265 shares

Grant/Award 1 txn

Insider Davis Stephen L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock ^F1	2,368.265	$0.00	$0.00

Holdings After Transaction: Common Stock — 14,568.581 shares (Direct)

Holdings Before and After: Common Stock, 12,200.316 to 14,568.581 shares (Direct)

Footnotes (1)

F1. Shares of common stock were granted to the reporting person under the Issuer's Employee and 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 November 5, 2027, November 5, 2028, and November 5, 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.

Key Figures

Common stock grant: 2,368 shares Direct holdings after grant: 14,569 shares Vesting installment: 33-1/3% +1 more

4 metrics

Common stock grant 2,368 shares Granted November 5, 2026

Direct holdings after grant 14,569 shares Following the November 5, 2026 grant

Vesting installment 33-1/3% Equal installments, subject to continued service

Vesting dates November 5, 2027; November 5, 2028; November 5, 2029 Equal installments of the award

Key Terms

Employee and Director Restricted Share Plan, vested, liquidity event

3 terms

vested financial

"becomes vested in equal installments"

liquidity event financial

"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.

FAQ

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

How many shares did INRE director Stephen L. Davis receive?

Stephen L. Davis received 2,368 shares of common stock as a grant on November 5, 2026. His direct holdings following the grant were 14,569 shares.

When do Stephen L. Davis's INRE shares vest?

The shares vest in equal 33-1/3% installments on November 5, 2027, November 5, 2028, and November 5, 2029, subject to his continued service. All then-unvested shares become fully vested upon a liquidity event or his death or disability.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Davis Stephen L

(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
Inland Real Estate Income Trust, 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)
11/05/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/05/2026		A		2,368.265⁽¹⁾	A	$0	14,568.581	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares of common stock were granted to the reporting person under the Issuer's Employee and 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 November 5, 2027, November 5, 2028, and November 5, 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.

	Cathleen M. Hrtanek, Attorney-in-Fact	11/06/2026
	** 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)

Source: View Original Filing on SEC EDGAR