ACR (ACRES) 10% Owner Andrew Fentress Receives Stock Award

What Happened
Andrew Fentress, reported as a 10% owner of ACRES Commercial Realty Corp. (ACR), was granted/received two award transactions on 2026-08-06 totaling 1,880,666 shares (988,453 and 892,213 shares). Both transactions are reported as acquisitions at $0.00 per share (total reported consideration $0) on a Form 4 filed 2026-08-07. This was an award/conversion-type acquisition (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date(s): 2026-08-06 (reported on Form 4 filed 2026-08-07).
• Transaction type/code: Grant/Award/Other acquisition (A).
• Shares acquired: 988,453 and 892,213 (total 1,880,666). Price per share reported: $0.00; total reported consideration: $0.
• Shares owned after transaction: Not specified in the summary provided.
• Footnotes:
  • F1: These shares were issued pursuant to the Merger Agreement (Apr 29, 2026) converting ACC shares into ACR shares at a ratio of 2.61882 ACR shares per ACC share.
  • F2: The reporting person’s spouse is the controlling member of an LLC in which the reporting person is a minority member (disclosure of indirect ownership).
• Timeliness: Filing appears timely (Form 4 filed the day after the transaction).

Context
This was a merger-related conversion/award—shares were issued under the Merger Agreement rather than bought on the open market. The $0 acquisition price reflects a conversion/exchange of prior ACC holdings into ACRES stock per the merger terms, not a gratuitous gift or market purchase. As a 10% owner, Fentress is a major holder; such conversions often reflect structural corporate events rather than discretionary trading by an executive.