BROWN JAMES W 4

What Happened
James W. Brown, a director of FS Credit Real Estate Income Trust, received a grant (transaction code A) of 837.486 shares on May 1, 2026. The grant is valued at $23.88 per share for a total reported value of $20,000. This was an acquisition via award (compensation), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-01
• Transaction type/code: Award/Grant (A)
• Shares acquired: 837.486
• Price per share reported: $23.88
• Aggregate value: $20,000
• Filing date: 2026-05-05 — filing appears timely based on the transaction date
• Shares owned after transaction: not specified in the provided filing extract
• No footnotes, 10b5-1 plan, or tax-withholding details included in the excerpt

Context
Grants and awards are typically compensation-related (e.g., restricted stock or deferred awards) and often subject to vesting; they are not the same as a purchase driven by an insider’s view of the stock. For retail investors, awards are noteworthy as they increase insider ownership but should be interpreted alongside other insider trades and company fundamentals.