Blakely Caroline 4

What Happened

• Caroline E. Blakley, a director of Ares Commercial Real Estate Corporation (ACRE), received a grant of 18,879 restricted common shares on April 29, 2026. The grant price is reported as $0.00 (restricted stock award), so no cash was paid at grant.

Key Details

• Transaction date: 2026-04-29 (Form 4 filed 2026-05-01)
• Transaction type/code: Award/Grant (A)
• Shares granted: 18,879; grant price: $0.00 (restricted stock)
• Vesting: Shares vest ratably on a quarterly basis over one year, beginning the first business day of the fiscal quarter on July 1, 2026 (per footnote F1)
• Holdings: Shares are held by The Caroline E. Blakley Living Trust, of which the reporting person is trustee (footnote F2). Post-transaction total holdings were not specified in the filing.
• Timeliness: Form 4 was filed within the typical two-business-day window following the transaction date (not noted as late).

Context

• This is a restricted stock grant (compensation/award) rather than an open-market purchase or sale. Such awards are common for directors and are subject to vesting, so they do not necessarily indicate immediate buying or selling intent.