Eagle Point Credit Management LLC 4
Research Summary
AI-generated summary
ACRES (ACR) 10% Owner Eagle Point Credit Sells 3,701 Shares
What Happened
Eagle Point Credit Management LLC (reported as a 10% owner) sold a total of 3,701 shares of ACRES Commercial Realty Corp. (ACR) in open-market transactions between Feb 24 and Feb 26, 2026. The sales were: 600 shares at $25.25 on Feb 24 ($15,150); 1,800 shares at $25.25 on Feb 25 ($45,450); and 1,301 shares at $25.28 on Feb 26 ($32,889). Total proceeds reported are approximately $93,489. These were sales (not purchases), so they do not represent a bullish insider buy signal.
Key Details
- Transaction dates and prices: Feb 24 (600 @ $25.25), Feb 25 (1,800 @ $25.25), Feb 26 (1,301 @ $25.28). Prices ranged $25.25–$25.28; weighted average price reported per footnote.
- Total shares sold: 3,701; approximate total value: $93,489.
- Shares owned after transaction: Not specified in the supplied summary of the filing.
- Filing: Form 4 filed 2026-02-26 reporting trades through Feb 26 — appears timely under Section 16 reporting rules.
- Notable footnotes: Securities are held by private funds/accounts managed by Eagle Point Credit Management LLC; Eagle Point DIF GP I LLC is general partner to certain accounts (F1). EPCM/DIF GP may have an indirect pecuniary interest (F2), and the reporting persons disclaim beneficial ownership under Rule 16a-1(a)(4) (F3). F4 notes the reported prices are weighted averages and that sales occurred at prices within $25.25–$25.28; the filer will provide a per-price breakdown to SEC staff on request.
Context
- This filing reflects institutional selling by a 10% shareholder (an asset manager for private funds), not trading by an individual company executive. Institutional sales can reflect portfolio management or rebalancing rather than a view on company fundamentals.
- No options exercise, award, gift, or 10b5-1 plan is indicated in the provided details.