Invesco Advisers (IVZ) receives 85.9K Class E shares as management fee payment

Rhea-AI Filing Summary

Invesco Advisers, Inc. reported acquisition or exercise transactions in this Form 4 filing.

Invesco Advisers, Inc., as a reporting person for Invesco Commercial Real Estate Finance Trust, received 85,860.603 shares of Class E Common Stock as a grant. The shares were issued as payment of its management fee under an amended and restated advisory agreement, rather than through an open-market purchase. Following this non-derivative award, Invesco Advisers directly holds 509,667.226 shares of Class E Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Invesco Advisers, Inc., Invesco Group Services, Inc., OppenheimerFunds, Inc., OPPENHEIMER ACQUISITION CORP, IVZ Inc, INVESCO HOLDING CO LTD, Invesco Ltd.

Role null | null | null | null | null | null | null

Type	Security	Shares	Price	Value
Grant/Award	Class E Common Stock, $0.01 par value	85,860.603	$25.8327	$2.22M

Holdings After Transaction: Class E Common Stock, $0.01 par value — 509,667.226 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares acquired: 85,860.603 shares Price per share: $25.8327 per share Shares held after: 509,667.226 shares

3 metrics

Shares acquired 85,860.603 shares Class E Common Stock grant as management fee payment

Price per share $25.8327 per share Value assigned to Class E Common Stock grant

Shares held after 509,667.226 shares Invesco Advisers direct holdings after grant

Key Terms

Class E Common Stock, Amended and Restated Advisory Agreement, management fee, directors by deputization, +1 more

5 terms

Class E Common Stock financial

"85,860.603 shares of Class E Common Stock as payment of its management fee"

Amended and Restated Advisory Agreement financial

"under the Amended and Restated Advisory Agreement by and among the Company"

management fee financial

"shares of Class E Common Stock as payment of its management fee under the Amended and Restated Advisory Agreement"

A management fee is the regular charge that a fund or investment firm takes for running and overseeing investors’ money, typically expressed as a percentage of assets under management. It matters because this ongoing cost reduces the net returns you receive—like paying a caretaker a slice of a garden’s harvest—and higher fees can significantly erode long-term investment gains.

directors by deputization regulatory

"The Reporting Persons are directors by deputization for purposes of Section 16"

Section 16 of the Securities Exchange Act of 1934 regulatory

"for purposes of Section 16 of the Securities Exchange Act of 1934, as amended"

A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.

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^*

Invesco Advisers, Inc.

(Last) (First) (Middle)

1331 SPRING STREET NW, SUITE 2500

(Street)

ATLANTA GEORGIA 30309

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Invesco Commercial Real Estate Finance 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)
05/01/2026

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

	Form filed by One Reporting Person
X	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 E Common Stock, $0.01 par value	05/01/2026		A		85,860.603(1)	A	$25.8327	509,667.226	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

1. Name and Address of Reporting Person^*

Invesco Advisers, Inc.

(Last) (First) (Middle)

1331 SPRING STREET NW, SUITE 2500

(Street)

ATLANTA GEORGIA 30309

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Invesco Group Services, Inc.

(Last) (First) (Middle)

1331 SPRING STREET NW, SUITE 2500

(Street)

ATLANTA GEORGIA 30309

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

OppenheimerFunds, Inc.

(Last) (First) (Middle)

1331 SPRING STREET NW, SUITE 2500

(Street)

ATLANTA GEORGIA 30309

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

OPPENHEIMER ACQUISITION CORP

(Last) (First) (Middle)

1331 SPRING STREET NW, SUITE 2500

(Street)

ATLANTA GEORGIA 30309

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

IVZ Inc

(Last) (First) (Middle)

1331 SPRING STREET NW, SUITE 2500

(Street)

ATLANTA GEORGIA 30309

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

INVESCO HOLDING CO LTD

(Last) (First) (Middle)

1331 SPRING STREET NW, SUITE 2500

(Street)

ATLANTA GEORGIA 30309

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Invesco Ltd.

(Last) (First) (Middle)

1331 SPRING STREET NW, SUITE 2500

(Street)

ATLANTA GEORGIA 30309

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. This Form 4 reports the acquisition by Invesco Advisers, Inc. (IAI) of 85,860.603 shares of Class E Common Stock as payment of its management fee under the Amended and Restated Advisory Agreement by and among the Company, Invesco Commercial Real Estate Finance Investments, LP and IAI. IAI is a wholly owned indirect subsidiary of Invesco Ltd., the ultimate parent entity. The Reporting Persons are directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.

Remarks:

	/s/ Tina Carew, Attorney-in-Fact, for Invesco Advisers, Inc	05/05/2026
	/s/ Tina Carew, Attorney-in-Fact, for Invesco Group Services, Inc.	05/05/2026
	/s/ Tina Carew, Attorney-in-Fact, for OppenheimerFunds Inc.	05/05/2026
	/s/ Tina Carew, Attorney-in-Fact, for Oppenheimer Acquisition Corp	05/05/2026
	/s/ Tina Carew, Attorney-in-Fact, for Invesco Holding Company (US), Inc. (FKA IVZ Inc.)	05/05/2026
	/s/ Tina Carew, Attorney-in-Fact, for Invesco Holding Company Limited	05/05/2026
	/s/ Tina Carew, Attorney-in-Fact, for Invesco Ltd.	05/05/2026
	** 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 transaction did Invesco Advisers report on Form 4 for IVZ?

Invesco Advisers reported receiving 85,860.603 Class E Common shares as compensation. The stock was issued as payment of its management fee under an amended and restated advisory agreement, so it reflects a non-cash fee settlement rather than an open-market purchase.

How many Invesco Commercial Real Estate Finance Trust shares does Invesco Advisers now hold?

After the reported transaction, Invesco Advisers directly holds 509,667.226 shares of Class E Common Stock. This updated balance reflects the addition of the 85,860.603 shares granted as management fee payment under the advisory agreement with the company.

Was the Invesco Advisers Form 4 transaction a stock purchase or a fee payment?

The transaction was a fee payment in stock, not a market purchase. Invesco Advisers received 85,860.603 Class E Common shares as payment of its management fee under an amended and restated advisory agreement with the real estate finance trust.

Which entities are listed as reporting persons in this Invesco-related Form 4?

Reporting persons include Invesco Advisers, Invesco Group Services, OppenheimerFunds, Oppenheimer Acquisition Corp, IVZ Inc, Invesco Holding Co Ltd, and Invesco Ltd. They are described as directors by deputization for Section 16 purposes under the Securities Exchange Act of 1934.

How was the transaction in the Invesco Form 4 classified by the SEC code?

The transaction is coded “A,” meaning a grant, award, or other acquisition. It is a non-derivative acquisition of 85,860.603 Class E Common shares at a reported price of $25.8327 per share, reflecting equity compensation rather than a cash purchase.