Ares Commercial (NYSE: ACRE) director receives 18,879 restricted shares

Q: What is the vesting schedule for Edmond N. Moriarty III’s ACRE restricted stock grant?

The 18,879 restricted shares vest quarterly over one year . Vesting occurs ratably on the first business day of each fiscal quarter, beginning July 1, 2026, meaning the award becomes fully vested after four quarterly vesting dates over the year.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Moriarty Edmond N. III reported acquisition or exercise transactions in this Form 4 filing.

Ares Commercial Real Estate Corp director Edmond N. Moriarty III received a grant of 18,879 shares of Common Stock as restricted stock. The grant was made at $0.00 per share under the company’s Amended and Restated 2012 Equity Incentive Plan.

The restricted shares are scheduled to vest ratably on a quarterly basis over a one-year period, on the first business day of each fiscal quarter beginning July 1, 2026. Following this grant, Moriarty directly holds 98,905 shares of Ares Commercial Real Estate Corp common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Moriarty Edmond N. III

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	18,879	$0.00	--

Holdings After Transaction: Common Stock — 98,905 shares (Direct, null)

Footnotes (1)

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Key Figures

Restricted stock grant: 18,879 shares Grant price: $0.00 per share Holdings after grant: 98,905 shares +1 more

4 metrics

Restricted stock grant 18,879 shares Grant of Common Stock to director on April 29, 2026

Grant price $0.00 per share Equity award under 2012 Equity Incentive Plan

Holdings after grant 98,905 shares Total direct ACRE common shares following transaction

Vesting start date July 1, 2026 First business day of each fiscal quarter vesting begins

Key Terms

restricted stock, Equity Incentive Plan, vest ratably, fiscal quarter

4 terms

restricted stock financial

"Represents a grant of restricted stock pursuant to Ares Commercial Real Estate Corporation's Amended and Restated 2012 Equity Incentive Plan."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Equity Incentive Plan financial

"pursuant to Ares Commercial Real Estate Corporation's Amended and Restated 2012 Equity Incentive Plan."

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

vest ratably financial

"The shares of restricted stock are scheduled to vest ratably on a quarterly basis over a one-year period."

fiscal quarter financial

"over a one-year period on the first business day of each fiscal quarter beginning July 1, 2026."

Form 4 Insider Transactions: What Each Field Means →

05/01/2026 - 03:28 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Moriarty Edmond N. III

(Last)

(First)

(Middle)

C/O ARES COMMERCIAL REAL ESTATE CORP.

245 PARK AVENUE, 42ND FLOOR

(Street)

NEW YORK

10167

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Ares Commercial Real Estate Corp [ ACRE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/29/2026		A		18,879⁽¹⁾	A	$0	98,905	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents a grant of restricted stock pursuant to Ares Commercial Real Estate Corporation's Amended and Restated 2012 Equity Incentive Plan. The shares of restricted stock are scheduled to vest ratably on a quarterly basis over a one-year period on the first business day of each fiscal quarter beginning July 1, 2026.

Remarks:

	/s/ Anton Feingold, by power of attorney	05/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Ares Commercial Real Estate (ACRE) report on this Form 4?

Ares Commercial Real Estate reported a grant of restricted stock to director Edmond N. Moriarty III. He received 18,879 shares of common stock at $0.00 per share as an equity award under the company’s Amended and Restated 2012 Equity Incentive Plan.

How many ACRE shares did Edmond N. Moriarty III receive in this equity award?

Edmond N. Moriarty III received 18,879 shares of ACRE common stock as a restricted stock grant. This award was reported as an acquisition, coded as a grant or other award, rather than an open-market purchase, and forms part of his director compensation.

What is the vesting schedule for Edmond N. Moriarty III’s ACRE restricted stock grant?

The 18,879 restricted shares vest quarterly over one year. Vesting occurs ratably on the first business day of each fiscal quarter, beginning July 1, 2026, meaning the award becomes fully vested after four quarterly vesting dates over the year.

What are Edmond N. Moriarty III’s ACRE holdings after this Form 4 transaction?

After the restricted stock grant, Moriarty directly holds 98,905 ACRE shares. This total includes the newly granted 18,879 restricted shares, which are subject to the disclosed vesting schedule under the company’s Amended and Restated 2012 Equity Incentive Plan.

Was the ACRE restricted stock grant to Edmond N. Moriarty III an open-market purchase?

No, the ACRE transaction was a restricted stock grant, not a market buy. It is coded as a grant, award, or other acquisition at $0.00 per share and represents equity-based director compensation rather than a cash purchase of shares on the open market.