KRASNOFF JEFFREY P 4
4 · FS Credit Real Estate Income Trust, Inc. · Filed Jun 1, 2026
Research Summary
AI-generated summary of this filing
FS Credit REIT Director Jeffrey P. Krasnoff Sells 317,456 Shares
What Happened
Jeffrey P. Krasnoff, a director of FS Credit Real Estate Income Trust, sold a total of 317,456 shares in two open-market/private sales. On 2026-04-30 he sold 158,728 shares at $23.88 for $3,790,583, and on 2026-05-29 he sold 158,728 shares at $23.87 for $3,789,425 — total proceeds approximately $7,580,008. These were outright sales (S), not purchases or option exercises.
Key Details
- Transaction dates and prices: 2026-04-30 — 158,728 shares @ $23.88; 2026-05-29 — 158,728 shares @ $23.87.
- Total shares sold: 317,456; total proceeds: ~$7.58 million.
- Shares owned after the transactions: not specified in the provided filing details.
- Filing timeliness: This report corrects a previously omitted Section 16 filing (footnote F1) — the sale(s) were reported late.
- Notable footnotes:
- F2: Krasnoff disclaims beneficial ownership of shares held by Rialto Capital Management, LLC beyond his pecuniary interest.
- F3–F6: Filings reference reinvested distributions, joint ownership via JTK RCM, LLC, and administrative-fee arrangements in Class I Restricted Stock Units that vest into Class I Common shares per agreement terms.
Context
These were direct sales of common stock rather than option exercises, awards, or gifts. Sales by directors can be routine (liquidity, portfolio rebalancing, planned dispositions); the late reporting here corrects a prior omission but does not, by itself, indicate new material information about the company.
Insider Transaction Report
- Sale
Class I Common Stock
[F1][F2]2026-04-30$23.88/sh−158,728$3,790,583→ 385,686.626 total(indirect: By LLC) - Sale
Class I Common Stock
[F2]2026-05-29$23.87/sh−158,728$3,789,425→ 226,958.626 total(indirect: By LLC)
- 23,131.99(indirect: By LLC)
Class I Common Stock
[F3][F4] - 38,882.317(indirect: By LLC)
Class F Common Stock
[F3][F4] - 1,958,381.696(indirect: By LLC)
Class I Restricted Stock Units
[F5][F6][F2]→ Class I Common Stock (0 underlying)
Footnotes (6)
- [F1]This transaction was inadvertently omitted from a previously required Section 16 filing. Upon discovery of the omission, the Reporting Person is reporting the transaction on this Form 4 to correct the prior filing deficiency.
- [F2]The reporting person disclaims beneficial ownership of any shares held by Rialto Capital Management, 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.
- [F3]Includes shares received on account of reinvested distributions.
- [F4]JTK RCM, LLC is jointly owned by reporting person and his spouse.
- [F5]In accordance with the Advisory Agreement between the Company and the Adviser, the Company shall pay the Adviser an administrative services fee equal to 1.0% of the Company's net asset value per annum, payable quarterly, in Class I Restricted Stock Units, subject to the terms and conditions set forth in the Class I Restricted Stock Unit Agreement (as amended) between the Company and the Adviser. The administrative services fee is split 50/50 between the Adviser and Rialto Capital Management LLC.
- [F6]In accordance with the Class I Restricted Stock Unit Agreement (as amended) between the Company, the Adviser and Rialto Capital Management, LLC, Class I Restricted Stock Units shall be exchanged for Class I Common, subject to time based vesting.