Wells Fargo Commercial Mortgage Trust 2026-5C9 Issues Certificates, Changes Servicing

What Happened
Wells Fargo Commercial Mortgage Securities, Inc. filed a Form 8‑K (Jun 11, 2026) reporting the issuance, pursuant to a Pooling and Servicing Agreement (PSA) effective May 1, 2026, of Commercial Mortgage Pass‑Through Certificates for Wells Fargo Commercial Mortgage Trust 2026-5C9. The issuing trust (formed May 28, 2026) holds 29 fixed‑rate mortgage loans plus subordinate interests in two commercial mortgage loans secured by first liens on 138 commercial properties. One asset, the mortgage on "The Towers at Cupertino City Center," is part of a larger whole loan that includes three pari passu notes that are not assets of this trust. The filing also discloses a servicing administration change: as of June 11, 2026 that whole loan (including The Towers mortgage) is being serviced under a separate PSA (BANK5 2026-5YR22, dated June 1, 2026) — attached as Exhibit 4.1.

Key Details

• Trust formed and certificates issued: Issuing Entity formed May 28, 2026; certificates issued under PSA dated May 1, 2026.
• Portfolio composition: 29 fixed‑rate mortgage loans + subordinate interests in 2 loans covering 138 commercial properties.
• The Towers at Cupertino City Center: the mortgage in the trust is part of a whole loan that also includes three pari passu promissory notes not owned by the trust.
• Servicing change: Prior servicing for the whole loan had been administered under a Barclays‑sponsored PSA; as of June 11, 2026 the whole loan is serviced under the BANK5 2026-5YR22 PSA (dated June 1, 2026) with KeyBank National Association as special servicer; Exhibit 4.1 attached to the 8‑K.

Why It Matters
This filing documents the legal formation of the certificate offering and the trust’s asset mix, and it informs certificate holders about a servicing transfer for a material loan (The Towers). Servicer or PSA changes can affect administration and enforcement procedures for the loan(s); the filing notes the BANK5 PSA’s servicing terms are “substantially similar in all material respects” to the trust’s PSA but may differ in certain respects as described in the trust prospectus (SEC File No. 333‑282099‑13). No financial results, defaults, or cash‑flow changes are reported in this 8‑K — it is a structural disclosure important to holders of these commercial mortgage certificates.