Eagle Point Credit Management LLC 4
Research Summary
AI-generated summary
ACRES (ACR) 10% Owner Eagle Point Credit Management Sells Shares
What Happened
Eagle Point Credit Management LLC (reported as a 10% owner) sold a total of 5,981 shares of ACRES Commercial Realty Corp. (ACR) in two dispositions on June 15, 2026. The sales were: 2,270 shares at $22.57 for $51,234, and 3,711 shares at an average price of $25.47 for $94,519, for combined proceeds of roughly $145,753. These transactions are reported as sales (Code S), i.e., disposals rather than purchases.
Key Details
- Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (appears timely).
- Sale details: 2,270 sh @ $22.57 = $51,234; 3,711 sh @ $25.47 (weighted avg; prices ranged $25.47–$25.49) = $94,519.
- Total shares sold: 5,981; total proceeds ≈ $145,753.
- Shares owned after transaction: Not specified in the reported filing.
- Footnotes:
- Securities are held by private investment funds/accounts managed by Eagle Point Credit Management LLC (EPCM) (F1).
- EPCM and Eagle Point DIF GP I LLC (general partner) could be deemed to have an indirect pecuniary interest (F2).
- Reporting persons disclaim beneficial ownership for Section 16 purposes (F3).
- The $25.47 price is a weighted average covering multiple trades priced $25.47–$25.49; full per-price breakdown available on request (F4).
- Transaction type: Open market or private sale (reported as S).
Context
This filing reflects institutional selling by a reported 10% holder (an investment manager and funds it manages), not insider executive trading. Such sales are routine for funds managing client/investor capital and do not, by themselves, indicate management sentiment. The filing was submitted within two days of the transactions, which is generally timely for Section 16 reporting.