Fundrise sells large blocks in resale filings (VCX) — brokered by Jefferies

Rhea-AI Filing Summary

VCX-related Form 144: resale notice for common shares. The filing lists a Registered Offering on Form N-2 and identifies Jefferies LLC as broker. It records multiple block sales by Fundrise Innovation Fund, LLC into TECH INFRASTRUCTURE REIT, LLC positions, showing individual sale dates, share counts, and gross proceeds.

Insights

Equity Capital Markets Analyst

Routine resale filings by an institutional holder; activity consists of multiple dated block sales.

The excerpt lists repeated resale transactions by Fundrise Innovation Fund, LLC across late March and early April 2026, with per‑trade share counts and gross dollar amounts recorded. Jefferies LLC appears as the executing broker for the transactions.

These entries are administrative resale disclosures under Form 144; they report distributions, not new issuances. Subsequent SEC or trading‑venue records would show market impact or remaining unsold blocks.

Compliance & Regulatory Specialist

Form 144 entries document intended resale and broker engagement; no material corporate action disclosed.

The filing references a "Registered Offering on Form N-2" and includes dated sale rows with proceeds, which satisfy resale reporting obligations. The entries serve as notice for potential selling activity rather than a corporate financing event.

For confirmation of settlement, market executions, or remaining holdings, review trade confirmations or later SEC filings; this excerpt itself is disclosure-focused.

Key Figures

Registered Offering reference: Registered Offering on Form N-2 Example sale — 102,285 shares: 102,285 shares Example sale — 62,402 shares: 62,402 shares +2 more

5 metrics

Registered Offering reference Registered Offering on Form N-2 listed on the filing header

Example sale — 102,285 shares 102,285 shares sale dated 03/31/2026 with proceeds $12,336,359.62

Example sale — 62,402 shares 62,402 shares sale dated 03/26/2026 with proceeds $16,373,347.52

Example sale — 34,206 units row 34,206 appears near top of excerpt alongside $3,864,935.94

Gross proceeds example $12,336,359.62 proceeds for 102,285 shares on 03/31/2026

Key Terms

Form 144, Form N-2, Registered Offering, Gross proceeds

4 terms

Form 144 regulatory

"lists multiple dated block sales and gross proceeds"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Form N-2 regulatory

"Registered Offering on Form N-2"

Form N-2 is a U.S. Securities and Exchange Commission filing that investment companies use to register and describe closed-end funds and certain management companies for public investors. It lays out the fund’s purpose, fees, risks, portfolio policies and management team—like a detailed product label for a financial product—so investors can compare offerings, understand costs and risks, and make informed decisions before buying shares.

Registered Offering regulatory

"Registered Offering on Form N-2 listed in header"

A registered offering is the public sale of a company’s stocks or bonds that has been filed with and approved by the securities regulator, accompanied by an official disclosure document (prospectus). It matters to investors because the required disclosures provide a clear, regulator‑approved “brochure” about the deal — helping buyers assess risk, potential dilution of existing shares, and how the company plans to use the proceeds, similar to reading a menu before ordering.

Gross proceeds financial

"per‑row dollar amounts such as $12,336,359.62"

The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Jefferies LLC 520 Madison Ave 4th Fl New York NY 10022	34206	3864935.94	28300000	04/13/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/24/2026	Registered Offering on Form N-2	Fundrise Innovation Fund, LLC			34206	02/24/2026	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
TECH INFRASTRUCTURE REIT, LLC 11 Dupont Circle NW Washington DC 20036	Fundrise Innovation Fund, LLC	03/25/2026	35281	14081481.85
TECH INFRASTRUCTURE REIT, LLC 11 Dupont Circle NW Washington DC 20036	Fundrise Innovation Fund, LLC	03/26/2026	62402	16373347.52
TECH INFRASTRUCTURE REIT, LLC 11 Dupont Circle NW Washington DC 20036	Fundrise Innovation Fund, LLC	03/27/2026	51053	8686978.86
TECH INFRASTRUCTURE REIT, LLC 11 Dupont Circle NW Washington DC 20036	Fundrise Innovation Fund, LLC	03/30/2026	73769	8282304.56
TECH INFRASTRUCTURE REIT, LLC 11 Dupont Circle NW Washington DC 20036	Fundrise Innovation Fund, LLC	03/31/2026	102285	12336359.62
TECH INFRASTRUCTURE REIT, LLC 11 Dupont Circle NW Washington DC 20036	Fundrise Innovation Fund, LLC	04/01/2026	90689	11831020.31
TECH INFRASTRUCTURE REIT, LLC 11 Dupont Circle NW Washington DC 20036	Fundrise Innovation Fund, LLC	04/02/2026	74563	8518711.65
TECH INFRASTRUCTURE REIT, LLC 11 Dupont Circle NW Washington DC 20036	Fundrise Innovation Fund, LLC	04/06/2026	68160	8082397.12
TECH INFRASTRUCTURE REIT, LLC 11 Dupont Circle NW Washington DC 20036	Fundrise Innovation Fund, LLC	04/07/2026	39175	4499029.37
TECH INFRASTRUCTURE REIT, LLC 11 Dupont Circle NW Washington DC 20036	Fundrise Innovation Fund, LLC	04/08/2026	54176	6533152.64
TECH INFRASTRUCTURE REIT, LLC 11 Dupont Circle NW Washington DC 20036	Fundrise Innovation Fund, LLC	04/09/2026	33963	3973446.84
TECH INFRASTRUCTURE REIT, LLC 11 Dupont Circle NW Washington DC 20036	Fundrise Innovation Fund, LLC	04/10/2026	47131	5246650.26

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the VCX Form 144 filing show?

The filing shows resale notices for common shares by Fundrise Innovation Fund, LLC, listing multiple dated block sales and gross proceeds. It records broker details (Jefferies LLC) and references a Registered Offering on Form N-2.

Who executed the trades listed in the Form 144 for VCX?

The document lists Jefferies LLC at 520 Madison Ave as the broker associated with the reported sales. The rows show transaction dates, share counts, and gross dollar amounts tied to those executions.

How large were individual sales reported in this Form 144?

Reported trade rows include examples such as 102,285 shares for $12,336,359.62 and 62,402 shares for $16,373,347.52, among other dated block sale entries recorded in late March and early April 2026.

Does this Form 144 register new shares for VCX?

No. The entry references a "Registered Offering on Form N-2" and lists resale transactions; the rows document selling activity by a holder rather than an issuance of new shares by the issuer.

Which entity is the selling holder in the VCX Form 144?

The selling holder reported throughout the excerpt is Fundrise Innovation Fund, LLC, which is shown as the source of the multiple resale rows into positions in TECH INFRASTRUCTURE REIT, LLC.