ACRES (ACR) MD Richard Persaud Receives 109,990-Share Award

What Happened

• Richard A. Persaud, Managing Director – Finance and Accounting at ACRES Commercial Realty Corp. (ACR), was issued 109,990 shares on August 6, 2026. The Form 4 reports this as an acquisition (code A) at a price of $0.00 per share (total reported cash consideration $0), reflecting a merger-related conversion/award rather than an open-market purchase.

Key Details

• Transaction date: 2026-08-06; filing date: 2026-08-07 (appears timely).
• Transaction type/code: Grant/award/acquisition (A).
• Number of shares acquired: 109,990; purchase price: $0.00 (total cash paid $0).
• Shares owned after transaction: not specified in the supplied filing excerpt.
• Footnote: Per the April 29, 2026 Agreement and Plan of Merger, each outstanding ACC share converted into the right to receive 2.61882 ACR shares (this award stems from that conversion).
• No 10b5-1 plan, tax-withholding, or late-filing flags noted in the provided information.

Context

• This was not an option exercise or an open-market trade; the shares were issued/converted under the merger agreement with ACRES Capital Corp. Such merger-conversion awards reflect corporate restructuring and do not, by themselves, indicate an insider buying or selling for personal investment reasons.