ACRES (ACR) 10% Owner Mark S. Fogel Receives 1.44M Shares

What Happened
Mark S. Fogel, a reported 10% owner of ACRES Commercial Realty Corp. (ACR), acquired 1,440,552 shares of ACR on 2026-08-06. The shares were issued at $0.00 (non-cash consideration) pursuant to a merger/conversion and are reported on the Form 4 as an award/grant (transaction code A). This was not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-06; Filing date: 2026-08-07 (timely).
• Shares acquired: 1,440,552 ACR shares at $0.00 per share (total cash consideration $0).
• Transaction code: A (Grant/award/other acquisition).
• Footnote: Shares were issued under the Agreement and Plan of Merger dated April 29, 2026 — each outstanding ACC share converted into 2.61882 ACR shares.
• Shares owned after transaction: not specified in the information provided in this summary.
• Insider status: Mark S. Fogel is a 10% owner (institutional/large-holder reporting).

Context
This filing documents shares issued as merger consideration (conversion of ACRES Capital Corp. holdings into ACR common stock). A $0.00 price indicates issuance as transaction consideration rather than a market purchase — such conversions reflect corporate actions, not necessarily a direct buy/sell signal by the insider. For retail investors, note this is reporting of a conversion for a significant shareholder rather than routine insider buying or selling.