Gellert Edward 4

What Happened Edward Gellert, a director of AB Commercial Real Estate Private Debt Fund, LLC, agreed on March 25, 2026 to make a $10,000 capital contribution to the Fund and receive limited liability company units in return. The Form 4 records a purchase code (P) but shows 0 units at $0.00 because the number of units to be issued has not yet been determined. The filing states the $10,000 contribution is expected to be funded on or around April 1, 2026 and that Mr. Gellert will amend the Form 4 once the unit count is known.

Key Details

• Transaction date (Period of Report): March 25, 2026; Form 4 filed March 30, 2026 (Accession 0001193125-26-131011).
• Reported on the Form 4 as a purchase (code P) showing 0 units at $0.00; the economic commitment is $10,000 per footnote.
• Shares/units to be issued to Mr. Gellert are currently unknown; the Form 4 will be amended when the unit count is determined.
• This involves privately issued LLC units in a private debt fund (not publicly traded stock).
• No 10b5-1 plan, tax-withholding, or option exercise is indicated in the filing.

Context This is a capital contribution to a private fund rather than a market purchase of publicly traded shares. Such contributions reflect a funding/investment commitment in the fund structure; because the unit count and pricing per unit are not yet set, the Form 4 shows zero units and will be updated later. Retail investors should note this is a private transaction with limited immediate market signaling compared with open-market buys or sales of public stock.