REFLX: Jason Mandanach (PIMCO Exec) Sells 2,395 Shares

What Happened

• Jason Mandanach, a member of PIMCO's Executive Committee, sold 2,394.636 shares of PIMCO Flexible Real Estate Income Fund (REFLX) on August 5, 2026. The shares were disposed at $10.44 per share for a total value of $25,000. The sale was reported on Form 4 filed August 7, 2026.
• This was a sale (S) — typically routine insider selling rather than a direct bullish signal from a purchase.

Key Details

• Transaction date and price: 2026-08-05 — 2,394.636 shares at $10.44 per share (total $25,000).
• Report filed: Form 4 accession 0001775595-26-000034, filed 2026-08-07.
• Shares owned after transaction: Not disclosed on this filing.
• Footnote: F1 notes the reporting person’s form of ownership was corrected here after an administrative error in the Form 3 filed 1/30/2026.
• Remarks: PIMCO is the investment advisor to the issuer; the reporting person is a member of PIMCO’s Executive Committee.
• Exhibit: Power of Attorney (Exhibit 24) attached.

Context

• The filing shows an open-market/private sale; sales can be for many reasons (liquidity, diversification, compensation needs) and do not by themselves indicate a change in the company’s outlook.
• No 10b5-1 plan, option exercise, gift, or tax-withholding codes are noted in this Form 4.