DeBacker Nathan David 4

What Happened
Nathan David DeBacker, Chief Financial Officer and Treasurer of CIM Real Estate Finance Trust, reported vesting of 12,771.392 restricted stock units (RSUs) on April 15, 2026. Under the award terms, 50% of the vested RSUs were settled in shares (6,385.696 shares acquired) and 50% were settled in cash (recorded on the Form 4 as a derivative disposition at $0). This was a vesting/settlement of an equity award, not an open-market purchase or sale.

Key Details

• Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (appears timely).
• Acquired: 6,385.696 shares via RSU settlement (no purchase price reported).
• Disposed (cash settlement): 12,771.392 RSUs shown as a derivative disposition at $0 on the Form 4 (represents the cash portion of the settlement, not a market sale).
• Shares owned after transaction: not specified in the filing.
• Notable footnotes: Each RSU equals one contingent right to one share and vests/settles 50% in common stock and 50% in cash. Remaining unvested RSUs reported in the filing total ~63,189.041 units across prior grants with scheduled future vesting dates (Dec 15, 2026; June 30, 2026 & 2027; April 15, 2027 & 2028).

Context

• This report documents routine RSU vesting and mixed settlement (half stock, half cash). The "Disposed" line reflects cash settlement of the vested RSUs, not an open-market sale — therefore it should not be interpreted as a bearish insider sale.