Eagle Point Credit Management LLC 4
4 · ACRES Commercial Realty Corp. · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
ACRES (ACR) 10% Owner Eagle Point Sells 2,954 Shares
What Happened
Eagle Point Credit Management LLC (reported as a 10% owner) sold 2,954 shares of ACRES Commercial Realty Corp. (ACR) in open-market transactions on March 16, 2026. The weighted-average sale price was $22.07 per share, for total proceeds of approximately $65,195. This filing reports a routine institutional sale (transaction code S).
Key Details
- Transaction date: 2026-03-16; Form 4 filed: 2026-03-18 (appears to be timely; Form 4s are generally due within two business days).
- Price: weighted average $22.07/share; individual trades ranged $22.05–$22.10 (footnote says multiple transactions; breakdown available on request).
- Shares sold: 2,954; proceeds ≈ $65,195.
- Shares owned after transaction: not reported in the provided filing details.
- Footnote highlights: securities are held by private funds/accounts managed by Eagle Point (EPCM); Eagle Point DIF GP I LLC serves as general partner to some accounts. EPCM and DIF GP may have an indirect pecuniary interest and disclaim direct beneficial ownership for Section 16 purposes.
Context
This transaction was executed by an institutional investment manager on behalf of managed funds/accounts, not an individual company executive. Such sales frequently reflect portfolio management rather than a personal view of the stock; the filing itself does not state a motive.
Insider Transaction Report
- Sale
7.875% Series D Preferred Stock
[F1][F2][F3][F4]2026-03-16$22.07/sh−2,954$65,195→ 739,023 total(indirect: See footnotes)
- 1,177,060(indirect: See footnotes)
Common Stock, $0.001 par value
[F1][F2][F3] - 349,907(indirect: See footnotes)
8.625% Series C Preferred Stock
[F1][F2][F3]
Footnotes (4)
- [F1]The securities are directly held by certain private investment funds and/or certain accounts (the "Applicable Accounts") managed by Eagle Point Credit Management LLC ("EPCM"). Eagle Point DIF GP I LLC ("DIF GP") serves as general partner to certain Applicable Accounts.
- [F2]EPCM and DIF GP could be deemed to have an "indirect pecuniary interest" (within the meaning of Rule 16a-1(a)(2)(ii) under the Securities Exchange Act of 1934) in securities reported herein.
- [F3]Each of the Reporting Persons hereby disclaims beneficial ownership of the securities described in this report pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934 and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of any of the reported securities for purposes of Section 16 or for any other purpose.
- [F4]The price reported reflects the weighted average price per share. These securities were sold in multiple transactions at prices ranging from $22.05 to $22.10 per share, inclusive. Upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, the reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.