CIM Real Estate Finance Trust (CMRF) director acquires 21,416 shares via RSU vesting

Rhea-AI Filing Summary

CIM Real Estate Finance Trust, Inc. director Jason Schreiber reported acquiring 21,416.731 shares of common stock on December 15, 2025 through the vesting of restricted stock units (RSUs).

The filing details that 2,641.310 shares, 10,565.240 shares, and 8,210.181 shares were issued as stock from three RSU tranches originally granted to CIM Real Estate Finance Management, LLC and assigned to him on a contingent basis in January, June, and December 2024. Each vested RSU settled 50% in the issuer’s common stock and 50% in the cash value thereof.

After these transactions, Schreiber directly owned 21,416.731 common shares and 157,775.992 RSUs. Each RSU represents a contingent right to receive one share of common stock, payable 50% in stock and 50% in cash, with remaining awards scheduled to vest on December 15, 2026 and in three equal annual installments beginning on April 15, 2026.

Insider Trade Summary

Net Buyer: 21,416.731 shares

Net Buy 2 txns

Insider Schreiber Jason K

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	42,833.462	$0.00	$0.00
Exercise	Common Stock	21,416.731	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 157,775.992 shares (Direct); Common Stock — 21,416.731 shares (Direct)

Footnotes (3)

1. F1. On December 15, 2025, the reporting person acquired (i) 2,641.310 shares of the Issuer's common stock in connection with the vesting of 5,282.620 of the restricted stock units ("RSUs") originally granted to CIM Real Estate Finance Management, LLC (the "Manager") and assigned to the reporting person on a contingent basis on January 10, 2024, (ii) 10,565.240 shares of the Issuer's common stock in connection with the vesting of 21,130.481 of the RSUs originally granted to the Manager and assigned to the reporting person on a contingent basis on June 25, 2024, and (iii) 8,210.181 shares of the Issuer's common stock in connection with the vesting of 16,420.361 of the RSUs originally granted to the Manager and assigned to the reporting person on a contingent basis on December 9, 2024. Each vested RSU settled 50% in the Issuer's common stock and 50% in the cash value thereof.
2. F2. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, payable 50% in the Issuer's common stock and 50% in the cash value thereof.
3. F3. Represents (i) the remaining 5,282.620 restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on January 10, 2024, which will vest on December 15, 2026, (ii) the remaining 21,130.481 restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on June 25, 2024, which will vest on December 15, 2026, (iii) the remaining 16,420.361 restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on December 9, 2024, which will vest on December 15, 2026, and (iv) the 114,942.529 restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on April 15, 2025, which will vest in three equal annual installments beginning on April 15, 2026.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 12/17/2025 - 06:25 PM Learn about SEC filing dates

FAQ

What insider transaction did CMRF report for December 15, 2025?

On December 15, 2025, CIM Real Estate Finance Trust, Inc. director Jason Schreiber acquired 21,416.731 shares of common stock through the vesting of restricted stock units (RSUs).

How were the vested RSUs for CMRF’s director settled?

Each vested RSU for the CMRF director settled 50% in CIM Real Estate Finance Trust common stock and 50% in the cash value of the stock.

How many CIM Real Estate Finance Trust shares did each RSU tranche deliver?

The director received 2,641.310 shares, 10,565.240 shares, and 8,210.181 shares of common stock from three separate RSU tranches that vested on December 15, 2025.

How many CIM Real Estate Finance Trust shares and RSUs does the director hold after this Form 4?

Following the reported transactions, the director directly owned 21,416.731 common shares and 157,775.992 RSUs of CIM Real Estate Finance Trust, Inc.

What do the remaining CMRF restricted stock units represent?

Each remaining RSU represents a contingent right to receive one share of CIM Real Estate Finance Trust common stock, payable 50% in shares and 50% in cash value.

When will the remaining RSUs for the CMRF director vest?

The remaining RSUs described will vest on December 15, 2026 and in three equal annual installments beginning on April 15, 2026, according to the grant terms.

Who originally received the RSUs related to this CMRF Form 4?

The RSUs were originally granted to CIM Real Estate Finance Management, LLC and then assigned to the reporting person, Jason Schreiber, on a contingent basis on several grant dates in 2024 and 2025.

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^*

Schreiber Jason K

(Last) (First) (Middle)

2398 EAST CAMELBACK ROAD

4TH FLOOR

(Street)

PHOENIX AZ 85016

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CIM REAL ESTATE FINANCE TRUST, INC. [ NONE ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/15/2025		M		21,416.731(1)	A	(1)	21,416.731	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	12/15/2025		M			42,833.462(1)	(1)	(1)	Common Stock	42,833.462	$0	157,775.992(3)	D

Explanation of Responses:

1. On December 15, 2025, the reporting person acquired (i) 2,641.310 shares of the Issuer's common stock in connection with the vesting of 5,282.620 of the restricted stock units ("RSUs") originally granted to CIM Real Estate Finance Management, LLC (the "Manager") and assigned to the reporting person on a contingent basis on January 10, 2024, (ii) 10,565.240 shares of the Issuer's common stock in connection with the vesting of 21,130.481 of the RSUs originally granted to the Manager and assigned to the reporting person on a contingent basis on June 25, 2024, and (iii) 8,210.181 shares of the Issuer's common stock in connection with the vesting of 16,420.361 of the RSUs originally granted to the Manager and assigned to the reporting person on a contingent basis on December 9, 2024. Each vested RSU settled 50% in the Issuer's common stock and 50% in the cash value thereof.

2. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, payable 50% in the Issuer's common stock and 50% in the cash value thereof.

3. Represents (i) the remaining 5,282.620 restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on January 10, 2024, which will vest on December 15, 2026, (ii) the remaining 21,130.481 restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on June 25, 2024, which will vest on December 15, 2026, (iii) the remaining 16,420.361 restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on December 9, 2024, which will vest on December 15, 2026, and (iv) the 114,942.529 restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on April 15, 2025, which will vest in three equal annual installments beginning on April 15, 2026.

Remarks:

	/s/ Jason Schreiber	12/17/2025
	** 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).
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