KRASNOFF JEFFREY P 4
Research Summary
AI-generated summary
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.