ACRES (ACR) 10% Owner Martin E. Reasoner Receives Award: 1.52M Shares

What Happened Martin E. Reasoner, a reported 10% owner of ACRES Commercial Realty Corp. (ACR), was issued 1,517,095 shares of ACR on August 6, 2026. The shares were reported as an award/acquisition at $0.00 per share (total consideration $0), reflecting a conversion of prior ACC holdings under a merger agreement rather than an open‑market purchase.

Key Details

• Transaction date: 2026-08-06; reported on Form 4 filed 2026-08-07 (timely filing).
• Transaction type/code: A (Grant, award or other acquisition).
• Shares acquired: 1,517,095 at $0.00 per share (acquisition value reported as $0).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote: Per the April 29, 2026 Agreement and Plan of Merger, each outstanding ACC share converted into 2.61882 shares of ACRES (see filing footnote).
• No 10b5-1 plan, tax withholding, or late‑filing flag noted in the filing.

Context This issuance reflects a corporate merger/conversion (ACC → ACRES) rather than a cash purchase or sale by the insider. For retail investors, such conversion transactions are administrative results of a merger and do not necessarily signal the insider’s view on the stock; Reasoner is a 10% owner, so this is large‑holder conversion activity rather than routine executive buying/selling.