Form 4: Ares Commercial Real Estate Corp: Officer Sells Shares to Cover Tax Obligations

Anton Feingold, General Counsel, VP, and Secretary of Ares Commercial Real Estate Corp, sold 7,615 shares of common stock on January 31, 2025, to cover tax withholding obligations.

Summary

• On January 31, 2025, Anton Feingold, General Counsel, VP, and Secretary of Ares Commercial Real Estate Corp (ACRE), sold 7,615 shares of common stock.
• The sale was executed at a weighted average price of $5.6813 per share, with individual transactions ranging from $5.60 to $5.76.
• The sale was to cover tax withholding obligations related to the vesting of common stock.
• Following the transaction, Feingold beneficially owns 78,360 shares, including 37,500 restricted stock units that vest in installments.

Sentiment

Score: 5

Explanation: This is a routine transaction (Form 4 filing) related to tax obligations, so it doesn't significantly impact sentiment.

Industry Context

Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of trading by corporate insiders. This filing indicates that an officer of Ares Commercial Real Estate Corp sold shares, likely to cover tax obligations related to vesting equity.

Stakeholder Impact

• The sale of shares by an officer could have a minor, temporary impact on the stock price, but is unlikely to be significant given the relatively small number of shares involved.

Key Dates