SEC Form 4 · accession 0001104659-26-080277

FS Credit Real Estate Income Trust, Inc. · NONE]

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).

Reporting owner

Michael C. Forman

Officer — President & CEO · Director

Period of report

Jul 1, 2026

Accepted (ET)

Jul 2, 2026 · 3:26 pm EDT

Rule 10b5-1 plan

box not checked

Issuer CIK

0001690536

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Class I Common Stock^F1	Jul 1, 2026	A	71,347	$23.806	A	71,347	I	Franklin Square Holdings, L.P.
Class T Common Stock^F1	holding	—	—		—	2,507	I	By: FSH Seed Capital Vehicle I LLC
Class M Common Stock^F1	holding	—	—		—	414	I	By: FSH Seed Capital Vehicle I LLC
Class S Common Stock^F1	holding	—	—		—	412	I	By: FSH Seed Capital Vehicle I LLC

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Class I Restricted Stock Units^F4,F1,F2,F3	—	Jul 1, 2026	D	71,347	D	—	—	Class I Common Stock	71,347	1,673,355	I
Class I Restricted Stock Units^F4,F1,F2,F3	—	Jul 1, 2026	A	157,165	A	—	—	Class I Common Stock	157,165	1,830,519	I

Explanation of responses

F1The reporting person disclaims beneficial ownership of any shares held by Franklin Square Holdings, L.P., FS Real Estate Advisor, LLC and FSH Seed Capital Vehicle I LLC, a wholly owned subsidiary of Franklin Square Holdings, L.P., that exceed his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F2In accordance with the Advisory Agreement between the Company and the Adviser, the Company shall pay the Adviser an administrative services fee equal to 1.0% of the Company's net asset value per annum, payable quarterly, in Class I Restricted Stock Units, subject to the terms and conditions set forth in the Class I Restricted Stock Unit Agreement (as amended) between the Company and the Adviser. The administrative services fee is split 50/50 between the Adviser and Rialto Capital Management LLC.
F3In accordance with the Class I Restricted Stock Unit Agreement (as amended) between the Company, the Adviser and Rialto Capital Management, LLC, Class I Restricted Stock Units shall be exchanged for Class I Common Stock, subject to time based vesting.
F4The number of restricted stock units reported is an estimate based on the most recently available net asset value. The actual number of restricted stock units awarded will be determined upon calculation of the applicable grant date net asset value and may differ from the amount reported herein. Accordingly, the number of derivative securities beneficially owned following the reported transaction is also an estimate.