Shemesh Avraham 4

What Happened

• Avraham Shemesh, a director of Creative Media & Community Trust Corp. (CMCT), reported a series of "other" acquisitions and dispositions on March 16, 2026. The filing shows two issuances/acquisitions totaling 9,148,906 shares (8,146,382 and 1,002,524) and two dispositions totaling 335,135 shares (298,472 and 36,663). Net change: +8,813,771 shares.
• No per-share prices or dollar values are listed on the Form 4 (prices shown as N/A). Footnote F1 says the issued common shares were issued in exchange for redemption of Series A and Series A1 preferred stock, with the issuance price based on the 20‑day VWAP prior to the redemption. Footnote F2 indicates some shares were called for redemption by the issuer.
• These are coded "J" (other acquisition/disposition), meaning these were not open‑market purchases or standard sales but transactions related to redemptions/issuances.

Key Details

• Transaction date: March 16, 2026. Form 4 filed March 18, 2026 (appears timely — within the two‑business‑day reporting window).
• Reported share movements: +8,146,382; +1,002,524; −298,472; −36,663 (all coded J). Net increase +8,813,771 shares.
• Prices/dollar amounts: Not reported on the Form 4 (N/A). F1 notes issuance price tied to the 20‑day VWAP; exact cash exchanged not shown.
• Shares owned after transaction: Not specified in the material provided (not included in this summary).
• Footnotes: F1 = common shares issued for redemption of Series A/A1 preferred; F2 = certain shares were called for redemption by the issuer.
• Filing timeliness: Filed 2 days after the transaction date — appears timely.

Context

• These transactions stem from corporate redemptions/issuances (per footnotes), not open‑market insider buying or selling. For retail investors, that means the activity primarily reflects corporate capital-structure actions rather than a straightforward insider vote of confidence or liquidation.
• Because prices and consideration aren’t provided on the Form 4, you can’t directly infer the cash value of the shares received.