Form 4: FS Credit Income Fund: CEO Michael Forman Reports Securities Transaction

Michael Forman, CEO of FS Credit Income Fund, reports a transaction involving common shares of beneficial interest.

Summary

• On September 11, 2024, Michael Forman, the CEO of FS Credit Income Fund (FCRIX), reported a transaction involving the company's securities.
• Forman sold 199,681 common shares of beneficial interest at a price of $12.52 per share.
• Following the transaction, Forman directly owns 287,070 common shares.
• Forman also indirectly owns 1,531 Class U and 1,511 Class U-2 common shares through FSCIF SCV Feeder I LLC.
• Forman disclaims beneficial ownership of shares held by FSCIF SCV Feeder I LLC exceeding his pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a transaction. The sentiment is neither positive nor negative as it simply reports a sale of shares by the CEO.

Management Comments

• The reporting person disclaims beneficial ownership of any shares held by FSCIF SCV Feeder I LLC that exceed his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key executives and their potential impact on the company's stock.

Stakeholder Impact

• The sale of shares by the CEO could be perceived negatively by some shareholders, potentially leading to a slight decrease in investor confidence.

Key Dates

Keywords

Form 4, SEC Filing, FCRIX, FS Credit Income Fund, Michael Forman, Securities Transaction, Beneficial Ownership, Common Shares