RESSLER RICHARD S 4

What Happened
Richard S. Ressler (reported as a 10% owner and CEO) reported a set of related transactions on June 24, 2026. The filing shows dispositions to the issuer totaling about 4,154,796 shares (various contributed entity holdings and prior RSUs) and large grants/awards and derivative awards totaling about 1,816,917,637 shares (including a direct award of ~907.4M shares and additional derivative/RSU awards of ~909.5M combined). No per-share prices or dollar values are reported (listed as N/A). These transactions reflect a contribution/recapitalization structure described in the footnotes rather than routine open-market trades.

Key Details

• Transaction date: 2026-06-24; Form 4 filed 2026-06-26 (filed within typical two-business-day window).
• Major disposals (to issuer): ~4,154,796 shares (includes 20,000; 911,041.268; 341,363.867; 2,882,391.339).
• Major acquisitions (awards/grants and derivative awards): ~1,816,917,636.668 shares (including a direct award of 907,376,073.663 and derivative awards of 2,165,489.342; 821,175,346.665; 86,200,726.998).
• Prices/values: All transactions reported as N/A (no dollar amounts disclosed in this filing).
• Shares owned after transaction: Not specified in the filing.
• Transaction codes: D = disposition to issuer; A = grant/award/acquisition; some entries are derivative-related.
• Notable footnotes: The reported transfers relate to contributed entities moved into an operating partnership in a transaction where CIM Group Holdings received special voting preferred stock and exchangeable partnership units. Ressler is CEO and a controlling person of parent entities and disclaims direct beneficial ownership except to extent of indirect pecuniary interest.

Context
These entries appear to reflect a corporate contribution/recapitalization involving subsidiaries and the issuer’s operating partnership (exchangeable LP units and restricted stock units), not open-market buying or selling. Several reported awards are restricted stock units or exchangeable partnership units subject to vesting and conversion terms (see footnotes). As a 10% owner and CEO, Ressler may be deemed to beneficially own some of the contributed securities through related entities but explicitly disclaims direct beneficial ownership aside from any indirect economic interest.