Booth Richard Whitaker 4

What Happened
Richard Whitaker Booth, a member of the Investment Committee of Fundrise Advisors LLC (the fund's adviser), purchased 4.461 shares of Fundrise Income Real Estate Fund, LLC on 2026-03-06 at $10.04 per share, for a total cost of approximately $45. This was a purchase (insider buy), though the dollar amount is very small.

Key Details

• Transaction date: 2026-03-06 (reported on Form 4 filed 2026-03-09) — filing appears timely.
• Transaction type: Purchase (open-market or private purchase), Code P.
• Price per share: $10.04; Shares acquired: 4.461; Total value: ~$45.
• Shares owned after transaction: Not reported on this Form 4.
• Footnote: F1 notes the settlement date was when the share count and price were determined.
• Remark: Booth is an Investment Committee member of the adviser to the issuer.

Context
Insider purchases can be viewed as a positive signal, but this particular transaction is very small ($45), so it is unlikely to be material or reflect a strong personal investment conviction. No options, gifts, or tax-withholding events are involved; this was a straightforward purchase.