Booth Richard Whitaker 4

What Happened
Richard Whitaker Booth, a member of the Investment Committee of Fundrise Advisors LLC (the adviser to Fundrise Income Real Estate Fund, LLC), purchased 49.164 shares of the Fund on 2026-05-21. The shares were acquired at $10.17 per share for a total transaction value of $500. This was a purchase (code P), which is typically seen as a more informative signal than routine sales because insiders are adding to their holdings.

Key Details

• Transaction date: 2026-05-21 (report filed 2026-05-22).
• Price and amount: 49.164 shares at $10.17 per share; total ~$500.
• Transaction type: Purchase (open market or private purchase indicated).
• Footnote: F1 notes the settlement date reflects when the per-share price and share count were determined.
• Shares owned after transaction: Not disclosed in the filing.
• Timeliness: Filing appears timely (transaction date 5/21, filed 5/22).

Context
This is a small-dollar insider purchase; while purchases can signal confidence, this specific trade is modest in size ($500) and does not by itself indicate a material change in insider exposure. The filer’s role (Investment Committee member of the adviser) is noted in the filing remarks.