Gellert Edward 4

What Happened
Edward Gellert, a director of AB Commercial Real Estate Private Debt Fund, filed a Form 4 reporting a purchase-type transaction (code P) dated June 22, 2026. The reported line shows 0 units acquired at $0.00 (total $0) because the filing reflects a capital call obligation rather than a completed issuance. Per the filing footnote, Gellert is obligated to contribute $10,750 on or about July 1, 2026; the Fund will issue limited liability company units in return once the contribution is funded and the exact number of units is determined.

Key Details

• Transaction date: June 22, 2026 (Form filed June 24, 2026).
• Reported trade: Purchase (code P) showing 0 units at $0.00 (total $0) because units have not yet been issued.
• Capital commitment: $10,750 due on or around July 1, 2026; units to be issued upon funding.
• Shares/units owned after transaction: Not reported/unknown until units are issued.
• Filing timeliness: Form 4 was filed shortly after the transaction date; not marked late.
• Footnote: The filer will amend the Form 4 once the number of units to be issued is determined.

Context
This is a capital call contribution to a private fund rather than an open-market stock purchase. The Form 4 entry uses purchase code P but shows zero units because issuance is contingent on the contribution being funded and the unit allocation being calculated. Retail investors should note this documents an insider putting cash into the fund structure; the economic terms (units received) and ownership change will be clarified in a future amendment.