02/26/2026 | Press release | Distributed by Public on 02/26/2026 20:11
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| 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 control number. | SEC 1474 (9-02) | ||
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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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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WALTER W EDWARD C/O MACK REAL ESTATE CREDIT STRATEGIES 60 COLUMBUS CIRCLE, 20TH FLOOR NEW YORK, NY 10023 |
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| /s/ Jeffrey D. Siegel, Attorney-in-Fact for W. Edward Walter | 02/26/2026 | |
| **Signature of Reporting Person | Date |
| * | 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). |
| (1) | The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.255 to $2.28 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote. |
| (2) | Represents shares of common stock held by WillJen2 LLC ("WillJen2"). Mr. Walter is the managing member of WillJen2 and thus is deemed to beneficially own the shares held by WillJen2. Mr. Walter disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein. |
| (3) | Due to a scrivener's error on the Reporting Person's Form 4 filed on May 29, 2024, 7,000 shares of common stock was inadvertently reported as acquired by WillJen LLC ("WillJen") rather than by WillJen2. The corrected number of shares beneficially owned by each of WillJen and WillJen2 are correctly reflected in this Form 4. |
| (4) | Represents shares of common stock held by WillJen LLC. Mr. Walter is the managing member of WillJen and thus is deemed to beneficially own the shares held by WillJen. Mr. Walter disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein. |