Form 4: Eagle Point Sells ACRES Preferred Stock
Insider Transaction Report
Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC reported sales of ACRES Commercial Realty Corp. 7.875% Series D Preferred Stock totaling 5,683 shares.
Summary
- Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC, both 10% owners of ACRES Commercial Realty Corp. (ACR), reported sales of preferred stock.
- Transactions involved the sale of 7.875% Series D Preferred Stock on three separate dates in September 2025.
- On September 17, 2025, 2,825 shares were sold at $22.61 per share.
- On September 18, 2025, 2,456 shares were sold at $22.61 per share.
- On September 19, 2025, 402 shares were sold at $22.62 per share.
- The total number of 7.875% Series D Preferred Stock beneficially owned indirectly decreased to 774,210 shares after these transactions.
- Reporting persons also indirectly beneficially own 1,177,060 shares of Common Stock and 393,646 shares of 8.625% Series C Preferred Stock.
- Reported prices reflect weighted average prices, with sales occurring between $22.60 and $22.63 per share.
- Reporting persons disclaim beneficial ownership of the securities, stating they have an "indirect pecuniary interest" through managed funds/accounts.
Sentiment
Score: 4
Explanation: The sale of preferred stock by a 10% owner, even with a disclaimer of beneficial ownership, could be perceived as a slightly negative signal by some investors, though the amount sold is relatively small compared to total holdings.
Negatives
- Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC, 10% owners, sold a total of 5,683 shares of 7.875% Series D Preferred Stock, which could be viewed as a negative signal by some investors regarding the reporting person's sentiment towards the security.
Future Outlook
No forward-looking statements or guidance regarding ACRES Commercial Realty Corp.'s future performance or strategic direction are provided.
Industry Context
This is a routine disclosure of insider transactions and does not provide information relevant to broader industry trends or competitive analysis.
Related Party Transactions
- Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC, as 10% owners of ACRES Commercial Realty Corp., reported sales of 7.875% Series D Preferred Stock, which constitute related party transactions.
Stakeholder Impact
- Shareholders may interpret the sale of preferred stock by a significant owner as a signal regarding the reporting person's view on the company's prospects or the specific security.
Key Dates
| Date | Description |
|---|---|
| 09/17/2025 | Sale of 2,825 shares of 7.875% Series D Preferred Stock. |
| 09/18/2025 | Sale of 2,456 shares of 7.875% Series D Preferred Stock. |
| 09/19/2025 | Sale of 402 shares of 7.875% Series D Preferred Stock. |
| 09/19/2025 | Date of filing and signature by reporting persons. |
Keywords
ACRES Commercial Realty Corp., ACR, Eagle Point Credit Management, Eagle Point DIF GP I, Form 4, Insider Trading, Preferred Stock, Stock Sale, Beneficial Ownership, SEC Filing
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