ACRES (ACR) COO Kyle K. Brengel Receives 309,675 Shares

What Happened

• Kyle K. Brengel, Chief Operating Officer of ACRES Commercial Realty Corp. (ACR), was issued/acquired 309,675 shares on 2026-08-06. The Form 4 reports the acquisition price as $0.00 (i.e., no cash purchase). This was an award/acquisition recorded on the Form 4 rather than an open-market buy or sale.

Key Details

• Transaction date: 2026-08-06; Report filed: 2026-08-07 (appears timely).
• Price reported: $0.00 per share; total reported cash value: $0.
• Shares acquired: 309,675.
• Shares owned after transaction: Not specified in the filing.
• Footnote: Shares were issued pursuant to an Agreement and Plan of Merger (dated April 29, 2026) that converted each ACC share into the right to receive 2.61882 ACRES shares.

Context

• This was a corporate-action conversion tied to a merger, not a market purchase or sale; $0.00 reflects shares issued in the conversion rather than a cash transaction. Such issuances reflect restructuring or exchange mechanics and do not by themselves indicate an insider buying or selling for personal investment reasons.