CMRF · Cim Group, Inc. · Insider Trading

On October 1, 2026, as part of the annual retainers paid to the Issuer's independent directors and pursuant to the Issuer's Second Amended and Restated CIM Group, Inc. 2026 Equity Incentive Plan, Mr. Duncan was granted 19,455.253 shares of the Issuer's restricted common stock. The shares of restricted common stock will vest on October 1, 2027.

On October 1, 2026, as part of the annual retainers paid to the Issuer's independent directors and pursuant to the Issuer's Second Amended and Restated CIM Group, Inc. 2026 Equity Incentive Plan, Mr. Kretzmer was granted 19,455.253 shares of the Issuer's restricted common stock. The shares of restricted common stock will vest on October 1, 2027.

Includes 1,213.079 shares of common stock Mr. Kretzmer acquired through the Issuer's distribution reinvestment plan.

On October 1, 2026, as part of the annual retainers paid to the Issuer's independent directors and pursuant to the Issuer's Second Amended and Restated CIM Group, Inc. 2026 Equity Incentive Plan, Mr. Silver was granted 19,455.253 shares of the Issuer's restricted common stock. The shares of restricted common stock will vest on October 1, 2027.

Includes certain amounts disclosed in the reporting person's Form 4 filed on June 26, 2026 but subsequently omitted in the reporting person's Form 4 filed on July 2, 2026 due to an administrative error.

The reporting person may be deemed to beneficially own the shares owned by CIM Real Estate Finance Holdings, LLC, CIM Real Estate Finance Management, LLC, and CIM CMFT MLP, LLC, each a subsidiary of the Issuer, because of his position as Chief Executive Officer of the Issuer. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

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.

On June 30, 2026, the reporting person acquired 6,634.835 shares of the Issuer's common stock in connection with the vesting of 13,269.670 of the restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on December 10, 2024, March 20, 2026 and March 31, 2026 as an award under the Issuer's 2024 Manager Equity Incentive Plan. Each vested restricted stock unit was settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 13,269.670 restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on December 10, 2024, March 20, 2026 and March 31, 2026 will vest on June 30, 2027.

Represents (i) the 30,433.66 restricted stock units originally granted to the reporting person on June 24, 2026 as an award under the issuer's 2024 Manager Equity Incentive Plan, which will vest in three equal annual installments beginning on April 15, 2027, (ii) the remaining 13,269.67 restricted stock units described in footnote 1, and (iii) the remaining 22,256.84 restricted stock units originally granted to CIM Real Estate Finance Management, LLC under the issuer's 2024 Manager Equity Incentive Plan and assigned to the reporting person on a contingent basis on various dates from March 15, 2024 to March 31, 2026, which will vest on various dates ranging from December 15, 2026 through April 15, 2028.

On June 30, 2026, CIM Real Estate Finance Management, LLC (the "Manager") acquired 177,400.194 shares of the Issuer's common stock in connection with the vesting of 354,800.387 of the restricted stock units originally granted to the Manager on July 29, 2024 as an award under the Issuer's 2024 Manager Equity Incentive Plan. Each vested restricted stock unit was settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 354,800.386 restricted stock units originally granted to the Manager on July 29, 2024 will vest on June 30, 2027, subject to the Manager's continued service as the Issuer's external manager. As such restricted stock units vest, the awards will be settled 50% in the Issuer's common stock and 50% in the cash value thereof.

The reported shares are owned directly by the Manager. The reporting person may be deemed to beneficially own such shares of common stock given his role as Chief Executive Officer of the issuer, which owns the Manager. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Represents shares of the Issuer's common stock distributed by the Manager to certain employees and/or other persons having an affiliation with the Manager.

The reported shares are owned directly by the Manager. The reporting person may be deemed to beneficially own such shares of common stock given his role as Chief Executive Officer of the issuer, which owns the Manager. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

On June 30, 2026, the reporting person acquired 6,634.835 shares of the Issuer's common stock in connection with the vesting of 13,269.670 of the restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on December 10, 2024, March 20, 2026 and March 31, 2026 as an award under the Issuer's 2024 Manager Equity Incentive Plan. Each vested restricted stock unit was settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 13,269.670 restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on December 10, 2024, March 20, 2026 and March 31, 2026 will vest on June 30, 2027.

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.

On June 30, 2026, CIM Real Estate Finance Management, LLC (the "Manager") acquired 177,400.194 shares of the Issuer's common stock in connection with the vesting of 354,800.387 of the restricted stock units originally granted to the Manager on July 29, 2024 as an award under the Issuer's 2024 Manager Equity Incentive Plan. Each vested restricted stock unit was settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 354,800.386 restricted stock units originally granted to the Manager on July 29, 2024 will vest on June 30, 2027, subject to the Manager's continued service as the Issuer's external manager. As such restricted stock units vest, the awards will be settled 50% in the Issuer's common stock and 50% in the cash value thereof.

Represents the remaining 740,623.350 restricted stock units originally granted to the Manager on January 9, 2024, which will vest on December 15, 2026, the remaining 354,800.385 restricted stock units originally granted to the Manager on July 29, 2024, which will vest on June 30, 2027, the remaining 1,432,167.216 restricted stock units originally granted to the Manager on April 14, 2025, which will vest in equal annual installments on April 15, 2027 and April 15, 2028 and the 2,165,489.342 restricted stock units originally granted to the Manager on June 24, 2026, which will vest in equal annual installments on April 15, 2027, 2028 and 2029.

The reported shares are owned directly by the Manager. The reporting person may be deemed to beneficially own such shares of common stock given his role as Chief Executive Officer of the issuer, which owns the Manager. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Restricted stock units are granted to CIM Real Estate Finance Management, LLC and are assigned to the reporting person on a contingent basis upon vesting. 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.

The restricted stock units vest in three equal annual installments beginning on April 15, 2027.

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.

Represents a grant of restricted stock units to the manager under the issuer's 2024 Manager Equity Incentive Plan. The restricted stock units vest in three equal annual installments beginning on April 15, 2027, subject to the continued service of the manager as the manager of the issuer or an affiliate thereof through each vesting date. The reported restricted stock units are owned directly by the manager, which was contributed to the operating partnership in the transaction described in footnote (1).

(Continued from footnote 8) The reporting person may be deemed to beneficially own such restricted stock units owned by the manager, which is now a subsidiary of the issuer, given his role as Chief Executive Officer of the issuer. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

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.

Represents the following remaining restricted stock units originally granted to CIM Real Estate Finance Management, LLC (the "manager") under the issuer's 2024 Manager Equity Incentive Plan (the "prior restricted stock units"): the remaining 740,623.350 restricted stock units originally granted to the manager on January 9, 2024, which will vest on December 15, 2026, the remaining 709,600.773 restricted stock units originally granted to the manager on July 29, 2024, which will vest in equal annual installments on June 30, 2026 and June 30, 2027 and the remaining 1,432,167.216 restricted stock units originally granted to the manager on April 14, 2025, which will vest in equal annual installments on April 15, 2027 and April 15, 2028. The reporting person may be deemed to beneficially own such restricted stock units owned by the manager, which is now a subsidiary of the issuer, given his role as Chief Executive Officer of the issuer.

(Continued from footnote 6) The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. The prior restricted stock units owned by the manager, a contributed entity, were disposed of by the reporting person in the transaction described in footnote (1) in the same manner as the reported shares of common stock were disposed of as described in footnote (1).

In addition to the shares of special voting preferred stock of the issuer described in footnote (1) above, CIM Group Holdings received Class A-1 and Class A-2 limited partnership units of the operating partnership in the transaction described in footnote (1) as consideration for the contribution of the contributed entities to the operating partnership. Such Class A-1 and Class A-2 limited partnership units are exchangeable on a 1-to-1 basis into shares of the issuer's common stock under certain circumstances. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

The entities (together with the manager described in footnote (5), the "contributed entities") directly owning the reported shares of common stock were contributed to an operating partnership in which a subsidiary of the issuer is general partner (the "operating partnership") in a transaction with the issuer pursuant to which the contributing entity, CIM Group Holdings, LLC ("CIM Group Holdings"), received shares of special voting preferred stock of the issuer. The reporting person may be deemed to beneficially own such shares of common stock owned by the contributed entities, which are now subsidiaries of the issuer, given his role as Chief Executive Officer of the issuer. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

(Continued from footnote 1) Prior to the transaction, the contributed entities were owned by CIM Group Holdings, which is owned and controlled by CIM Group, LLC ("CIM Group Parent"), with respect to which the reporting person is a controlling person.

The reporting person may be deemed to beneficially own the shares and limited partnership units owned by CIM Group Holdings because of his position with CIM Group Parent, which owns and controls CIM Group Holdings. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

In addition to the shares of special voting preferred stock of the issuer described in footnote (1) above, CIM Group Holdings received Class A-1 and Class A-2 limited partnership units of the operating partnership in the transaction described in footnote (1) as consideration for the contribution of the contributed entities to the operating partnership. Such Class A-1 and Class A-2 limited partnership units are exchangeable on a 1-to-1 basis into shares of the issuer's common stock under certain circumstances. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

The entities (together with the manager described in footnote (5), the "contributed entities") directly owning the reported shares of common stock were contributed to an operating partnership in which a subsidiary of the issuer is general partner (the "operating partnership") in a transaction with the issuer pursuant to which the contributing entity, CIM Group Holdings, LLC ("CIM Group Holdings"), received shares of special voting preferred stock of the issuer. The reporting person may be deemed to beneficially own such shares of common stock owned by the contributed entities, which are now subsidiaries of the issuer, given his role as Chief Executive Officer of the issuer. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

(Continued from footnote 1) Prior to the transaction, the contributed entities were owned by CIM Group Holdings, which is owned and controlled by CIM Group, LLC ("CIM Group Parent"), with respect to which the reporting person is a controlling person.

The reporting person may be deemed to beneficially own the shares and limited partnership units owned by CIM Group Holdings because of his position with CIM Group Parent, which owns and controls CIM Group Holdings. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

The entities (together with the manager described in footnote (5), the "contributed entities") directly owning the reported shares of common stock were contributed to an operating partnership in which a subsidiary of the issuer is general partner (the "operating partnership") in a transaction with the issuer pursuant to which the contributing entity, CIM Group Holdings, LLC ("CIM Group Holdings"), received shares of special voting preferred stock of the issuer. The reporting person may be deemed to beneficially own such shares of common stock owned by the contributed entities, which are now subsidiaries of the issuer, given his role as Chief Executive Officer of the issuer. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

(Continued from footnote 1) Prior to the transaction, the contributed entities were owned by CIM Group Holdings, which is owned and controlled by CIM Group, LLC ("CIM Group Parent"), with respect to which the reporting person is a controlling person.

The entities (together with the manager described in footnote (5), the "contributed entities") directly owning the reported shares of common stock were contributed to an operating partnership in which a subsidiary of the issuer is general partner (the "operating partnership") in a transaction with the issuer pursuant to which the contributing entity, CIM Group Holdings, LLC ("CIM Group Holdings"), received shares of special voting preferred stock of the issuer. The reporting person may be deemed to beneficially own such shares of common stock owned by the contributed entities, which are now subsidiaries of the issuer, given his role as Chief Executive Officer of the issuer. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

(Continued from footnote 1) Prior to the transaction, the contributed entities were owned by CIM Group Holdings, which is owned and controlled by CIM Group, LLC ("CIM Group Parent"), with respect to which the reporting person is a controlling person.

The entities (together with the manager described in footnote (5), the "contributed entities") directly owning the reported shares of common stock were contributed to an operating partnership in which a subsidiary of the issuer is general partner (the "operating partnership") in a transaction with the issuer pursuant to which the contributing entity, CIM Group Holdings, LLC ("CIM Group Holdings"), received shares of special voting preferred stock of the issuer. The reporting person may be deemed to beneficially own such shares of common stock owned by the contributed entities, which are now subsidiaries of the issuer, given his role as Chief Executive Officer of the issuer. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

(Continued from footnote 1) Prior to the transaction, the contributed entities were owned by CIM Group Holdings, which is owned and controlled by CIM Group, LLC ("CIM Group Parent"), with respect to which the reporting person is a controlling person.

The reporting person may be deemed to beneficially own the shares and limited partnership units owned by CIM Group Holdings because of his position with CIM Group Parent, which owns and controls CIM Group Holdings. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

The entities (together with the manager described in footnote (5), the "contributed entities") directly owning the reported shares of common stock were contributed to an operating partnership in which a subsidiary of the issuer is general partner (the "operating partnership") in a transaction with the issuer pursuant to which the contributing entity, CIM Group Holdings, LLC ("CIM Group Holdings"), received shares of special voting preferred stock of the issuer. The reporting person may be deemed to beneficially own such shares of common stock owned by the contributed entities, which are now subsidiaries of the issuer, given his role as Chief Executive Officer of the issuer. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

(Continued from footnote 1) Prior to the transaction, the contributed entities were owned by CIM Group Holdings, which is owned and controlled by CIM Group, LLC ("CIM Group Parent"), with respect to which the reporting person is a controlling person.

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.

Represents (i) the 30,433.66 restricted stock units originally granted to the reporting person on June 24, 2026 as an award under the issuer's 2024 Manager Equity Incentive Plan, which will vest in three equal annual installments beginning on April 15, 2027, (ii) the remaining 12,678.29 restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on March 15, 2024, which will vest on December 15, 2026, (iii) the remaining 18,062.40, 8,347.02 and 129.92 restricted stock units originally granted to CIM Real Estate Finance Management, LLC and assigned to the reporting person on a contingent basis on December 10, 2024, March 20, 2026 and March 31, 2026, respectively, which will vest in equal installments on June 30, 2026 and June 30, 2027, and (iv) the remaining 9,578.55 restricted stock units originally granted to CIM Real Estate Finance Management,

(Continued from footnote 2) LLC and assigned to the reporting person on a contingent basis on April 15, 2025, which will vest in equal installments on April 15, 2027 and April 15, 2028.

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.

On April 15, 2026, the reporting person acquired 19,157.088 shares of the Issuer's common stock in connection with the vesting of 38,314.176 of the 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. Each vested restricted stock unit settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 76,628.353 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 will vest in equal installments on April 15, 2027 and April 15, 2028. As such restricted stock units vest, the awards will be settled 50% in the Issuer's common stock and 50% in the cash value thereof.

Represents (i) the remaining 5,282.621 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 10, 2024, which will vest on December 15, 2026, and (iv) the remaining 76,628.353 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 equal annual installments on April 15, 2027 and April 15, 2028.

On April 15, 2026, the reporting person acquired 19,157.088 shares of the Issuer's common stock in connection with the vesting of 38,314.176 of the 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. Each vested restricted stock unit settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 76,628.353 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 will vest in equal installments on April 15, 2027 and April 15, 2028. As such restricted stock units vest, the awards will be settled 50% in the Issuer's common stock and 50% in the cash value thereof.

On April 15, 2026, the reporting person acquired 6,385.696 shares of the Issuer's common stock in connection with the vesting of 12,771.392 of the restricted stock units originally granted to the reporting person on April 14, 2025 as an award under the Issuer's 2024 Manager Equity Incentive Plan. Each vested restricted stock unit settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 25,542.784 restricted stock units originally granted to the reporting person on April 14, 2025 will vest in equal installments on April 15, 2027 and April 15, 2028. As such restricted stock units vest, the awards will be settled 50% in the Issuer's common stock and 50% in the cash value thereof.

On April 15, 2026, CIM Real Estate Finance Management, LLC (the "Manager") acquired 358,041.804 shares of the Issuer's common stock in connection with the vesting of 716,083.608 of the restricted stock units originally granted to the Manager on April 14, 2025 as an award under the Issuer's 2024 Manager Equity Incentive Plan. Each vested restricted stock unit settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 1,432,167.216 restricted stock units originally granted to the Manager on April 14, 2025 will vest in equal installments on April 15, 2027 and April 15, 2028, subject to the Manager's continued service as the Issuer's external manager. As such restricted stock units vest, the awards will be settled 50% in the Issuer's common stock and 50% in the cash value thereof.

The reported shares are owned directly by the Manager. The reporting person, Avraham Shemesh and Shaul Kuba may be deemed to beneficially own the shares owned by the Manager because of their positions with CIM Group, LLC, which is the sole common equity member of CCO Group, LLC, which owns and controls the Manager. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Represents shares of the Issuer's common stock distributed by the Manager to certain employees and/or other persons having an affiliation with the Manager.

The reported shares are owned directly by the Manager. The reporting person, Avraham Shemesh and Shaul Kuba may be deemed to beneficially own the shares owned by the Manager because of their positions with CIM Group, LLC, which is the sole common equity member of CCO Group, LLC, which owns and controls the Manager. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

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.

On April 15, 2026, the reporting person acquired 6,385.696 shares of the Issuer's common stock in connection with the vesting of 12,771.392 of the restricted stock units originally granted to the reporting person on April 14, 2025 as an award under the Issuer's 2024 Manager Equity Incentive Plan. Each vested restricted stock unit settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 25,542.784 restricted stock units originally granted to the reporting person on April 14, 2025 will vest in equal installments on April 15, 2027 and April 15, 2028. As such restricted stock units vest, the awards will be settled 50% in the Issuer's common stock and 50% in the cash value thereof.

Represents the remaining 18,489.170 restricted stock units originally granted to the reporting person on January 9, 2024, which will vest on December 15, 2026, the remaining 19,157.087 restricted stock units originally granted to the reporting person on November 12, 2024, which will vest in equal annual installments on June 30, 2026 and June 30, 2027 and the remaining 25,542.784 restricted stock units originally granted to the reporting person on April 14, 2025, which will vest in equal annual installments on April 15, 2027 and April 15, 2028.

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.

On April 15, 2026, CIM Real Estate Finance Management, LLC (the "Manager") acquired 358,041.804 shares of the Issuer's common stock in connection with the vesting of 716,083.608 of the restricted stock units originally granted to the Manager on April 14, 2025 as an award under the Issuer's 2024 Manager Equity Incentive Plan. Each vested restricted stock unit settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 1,432,167.216 restricted stock units originally granted to the Manager on April 14, 2025 will vest in equal installments on April 15, 2027 and April 15, 2028, subject to the Manager's continued service as the Issuer's external manager. As such restricted stock units vest, the awards will be settled 50% in the Issuer's common stock and 50% in the cash value thereof.

Represents the remaining 740,623.350 restricted stock units originally granted to the Manager on January 9, 2024, which will vest on December 15, 2026, the remaining 709,600.773 restricted stock units originally granted to the Manager on July 29, 2024, which will vest in equal annual installments on June 30, 2026 and June 30, 2027 and the remaining 1,432,167.216 restricted stock units originally granted to the Manager on April 14, 2025, which will vest in equal annual installments on April 15, 2027 and April 15, 2028.

The reported shares are owned directly by the Manager. The reporting person, Avraham Shemesh and Shaul Kuba may be deemed to beneficially own the shares owned by the Manager because of their positions with CIM Group, LLC, which is the sole common equity member of CCO Group, LLC, which owns and controls the Manager. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

On December 15, 2025, the reporting person acquired 9,244.585 shares of the Issuer's common stock in connection with the vesting of 18,489.171 of the restricted stock units originally granted to the reporting person on January 9, 2024 as an award under the Issuer's 2024 Manager Equity Incentive Plan. Each vested restricted stock unit settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 18,489.171 restricted stock units granted to the reporting person on January 9, 2024 will vest on December 15, 2026. As such restricted stock units vest, the awards will be settled 50% in the Issuer's common stock and 50% in the cash value thereof.

Represents shares of the Issuer's common stock distributed by the Manager to certain employees and/or other persons having an affiliation with the Manager.

The reported shares are owned directly by the Manager. The reporting person, Avraham Shemesh and Shaul Kuba may be deemed to beneficially own the shares owned by the Manager because of their positions with CIM Group, LLC, which is the sole common equity member of CCO Group, LLC, which owns and controls the Manager. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

On December 15, 2025, CIM Real Estate Finance Management, LLC (the "Manager") acquired 370,311.675 shares of the Issuer's common stock in connection with the vesting of 740,623.349 of the restricted stock units originally granted to the Manager on January 9, 2024 as an award under the Issuer's 2024 Manager Equity Incentive Plan. Each vested restricted stock unit settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 740,623.349 restricted stock units granted to the Manager on January 9, 2024 will vest on December 15, 2026, subject to the Manager's continued service as the Issuer's external manager. As such restricted stock units vest, the awards will be settled 50% in the Issuer's common stock and 50% in the cash value thereof.

The reported shares are owned directly by the Manager. The reporting person, Avraham Shemesh and Shaul Kuba may be deemed to beneficially own the shares owned by the Manager because of their positions with CIM Group, LLC, which is the sole common equity member of CCO Group, LLC, which owns and controls the Manager. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

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.

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.

On December 15, 2025, the reporting person acquired 9,244.585 shares of the Issuer's common stock in connection with the vesting of 18,489.171 of the restricted stock units originally granted to the reporting person on January 9, 2024 as an award under the Issuer's 2024 Manager Equity Incentive Plan. Each vested restricted stock unit settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 18,489.171 restricted stock units granted to the reporting person on January 9, 2024 will vest on December 15, 2026. As such restricted stock units vest, the awards will be settled 50% in the Issuer's common stock and 50% in the cash value thereof.

Represents the remaining 18,489.171 restricted stock units originally granted to the reporting person on January 9, 2024, which will vest on December 15, 2026, the remaining 19,157.087 restricted stock units originally granted to the reporting person on November 12, 2024, which will vest in equal annual installments on June 30, 2026 and June 30, 2027 and the 38,314.176 restricted stock units originally granted to the reporting person on April 14, 2025 as an award under the Issuer's 2024 Manager Equity Incentive Plan, which will vest in three equal annual installments beginning on April 15, 2026.

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.

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.

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.

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.

On December 15, 2025, CIM Real Estate Finance Management, LLC (the "Manager") acquired 370,311.675 shares of the Issuer's common stock in connection with the vesting of 740,623.349 of the restricted stock units originally granted to the Manager on January 9, 2024 as an award under the Issuer's 2024 Manager Equity Incentive Plan. Each vested restricted stock unit settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 740,623.349 restricted stock units granted to the Manager on January 9, 2024 will vest on December 15, 2026, subject to the Manager's continued service as the Issuer's external manager. As such restricted stock units vest, the awards will be settled 50% in the Issuer's common stock and 50% in the cash value thereof.

Represents the remaining 740,623.349 restricted stock units originally granted to the Manager on January 9, 2024, which will vest on December 15, 2026, the remaining 709,600.773 restricted stock units originally granted to the Manager on July 29, 2024, which will vest in equal annual installments on June 30, 2026 and June 30, 2027 and the 2,148,250.824 restricted stock units originally granted to the Manager on April 14, 2025 as an award under the Issuer's 2024 Manager Equity Incentive Plan, which will vest in three equal annual installments beginning on April 15, 2026.

The reported shares are owned directly by the Manager. The reporting person, Avraham Shemesh and Shaul Kuba may be deemed to beneficially own the shares owned by the Manager because of their positions with CIM Group, LLC, which is the sole common equity member of CCO Group, LLC, which owns and controls the Manager. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

On October 1, 2025, as part of the annual retainers paid to the Issuer's independent directors and pursuant to the Issuer's 2022 Equity Incentive Plan, Mr. Silver was granted 19,157.088 shares of the Issuer's restricted common stock. The shares of restricted common stock will vest on October 1, 2026.

On October 1, 2025, as part of the annual retainers paid to the Issuer's independent directors and pursuant to the Issuer's 2022 Equity Incentive Plan, Mr. Duncan was granted 19,157.088 shares of the Issuer's restricted common stock. The shares of restricted common stock will vest on October 1, 2026.

On October 1, 2025, as part of the annual retainers paid to the Issuer's independent directors and pursuant to the Issuer's 2022 Equity Incentive Plan, Mr. Kretzmer was granted 19,157.088 shares of the Issuer's restricted common stock. The shares of restricted common stock will vest on October 1, 2026.

Includes 709.834 shares of common stock Mr. Kretzmer acquired through the Issuer's distribution reinvestment plan.

On June 30, 2025, the reporting person acquired 4,789.272 shares of the Issuer's common stock in connection with the vesting of 9,578.543 of the restricted stock units originally granted to the reporting person on November 12, 2024 as an award under the Issuer's 2024 Manager Equity Incentive Plan. Each vested restricted stock unit settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 19,157.087 restricted stock units granted to the reporting person on November 12, 2024 will vest in equal annual installments on June 30, 2026 and June 30, 2027. As such restricted stock units vest, the awards will be settled 50% in the Issuer's common stock and 50% in the cash value thereof.

Represents shares of the Issuer's common stock distributed by the Manager to certain employees and/or other persons having an affiliation with the Manager.

The reported shares are owned directly by the Manager. The reporting person, Avraham Shemesh and Shaul Kuba may be deemed to beneficially own the shares owned by the Manager because of their positions with CIM Group, LLC, which is the sole common equity member of CCO Group, LLC, which owns and controls the Manager. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

On June 30, 2025, CIM Real Estate Finance Management, LLC (the "Manager") acquired 177,400.193 shares of the Issuer's common stock in connection with the vesting of 354,800.387 of the restricted stock units originally granted to the Manager on July 29, 2024 as an award under the Issuer's 2024 Manager Equity Incentive Plan. Each vested restricted stock unit settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 709,600.773 restricted stock units granted to the Manager on July 29, 2024 will vest in equal annual installments on June 30, 2026 and June 30, 2027, in each case subject to the Manager's continued service as the Issuer's external manager. As such restricted stock units vest, the awards will be settled 50% in the Issuer's common stock and 50% in the cash value thereof.

The reported shares are owned directly by the Manager. The reporting person, Avraham Shemesh and Shaul Kuba may be deemed to beneficially own the shares owned by the Manager because of their positions with CIM Group, LLC, which is the sole common equity member of CCO Group, LLC, which owns and controls the Manager. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

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.

On June 30, 2025, the reporting person acquired 4,789.272 shares of the Issuer's common stock in connection with the vesting of 9,578.543 of the restricted stock units originally granted to the reporting person on November 12, 2024 as an award under the Issuer's 2024 Manager Equity Incentive Plan. Each vested restricted stock unit settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 19,157.087 restricted stock units granted to the reporting person on November 12, 2024 will vest in equal annual installments on June 30, 2026 and June 30, 2027. As such restricted stock units vest, the awards will be settled 50% in the Issuer's common stock and 50% in the cash value thereof.

Represents the remaining 36,978.341 restricted stock units originally granted to the reporting person on January 9, 2024, which will vest in equal annual installments on December 15, 2025 and December 15, 2026, the remaining 19,157.087 restricted stock units originally granted to the reporting person on November 12, 2024, which will vest in equal annual installments on June 30, 2026 and June 30, 2027 and the 38,314.176 restricted stock units originally granted to the reporting person on April 14, 2025 as an award under the Issuer's 2024 Manager Equity Incentive Plan, which will vest in three equal annual installments beginning on April 15, 2026.

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.

On June 30, 2025, CIM Real Estate Finance Management, LLC (the "Manager") acquired 177,400.193 shares of the Issuer's common stock in connection with the vesting of 354,800.387 of the restricted stock units originally granted to the Manager on July 29, 2024 as an award under the Issuer's 2024 Manager Equity Incentive Plan. Each vested restricted stock unit settled 50% in the Issuer's common stock and 50% in the cash value thereof. The remaining 709,600.773 restricted stock units granted to the Manager on July 29, 2024 will vest in equal annual installments on June 30, 2026 and June 30, 2027, in each case subject to the Manager's continued service as the Issuer's external manager. As such restricted stock units vest, the awards will be settled 50% in the Issuer's common stock and 50% in the cash value thereof.

Represents the remaining 1,481,246.699 restricted stock units originally granted to the Manager on January 9, 2024, which will vest in equal annual installments on December 15, 2025 and December 15, 2026, the remaining 709,600.773 restricted stock units originally granted to the Manager on July 29, 2024, which will vest in equal annual installments on June 30, 2026 and June 30, 2027 and the 2,148,250.824 restricted stock units originally granted to the Manager on April 14, 2025 as an award under the Issuer's 2024 Manager Equity Incentive Plan, which will vest in three equal annual installments beginning on April 15, 2026.

The reported shares are owned directly by the Manager. The reporting person, Avraham Shemesh and Shaul Kuba may be deemed to beneficially own the shares owned by the Manager because of their positions with CIM Group, LLC, which is the sole common equity member of CCO Group, LLC, which owns and controls the Manager. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

The reporting person, Avraham Shemesh and Shaul Kuba may be deemed to beneficially own the shares owned by CIM Real Estate Finance Holdings, LLC because of their positions with CIM Group, LLC, which owns and controls CIM Real Estate Finance Holdings, LLC. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Restricted stock units are granted to CIM Real Estate Finance Management, LLC and are assigned to the reporting person on a contingent basis upon vesting. 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.

The restricted stock units vest in three equal annual installments beginning on April 15, 2026.

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.

The restricted stock units vest in three equal annual installments beginning on April 15, 2026

The reported shares are owned directly by CIM Real Estate Finance Management, LLC. The reporting person, Avraham Shemesh and Shaul Kuba may be deemed to beneficially own the shares owned by CIM Real Estate Finance Management, LLC because of their positions with CIM Group, LLC, which is the sole common equity member of CCO Group, LLC, which owns and controls CIM Real Estate Finance Management, LLC. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his indirect pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

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.

The restricted stock units vest in three equal annual installments beginning on April 15, 2026.

On January 24, 2025, following the approval by the Issuer's board of directors of the revised annual retainers paid to the Issuer's independent directors and pursuant to the Issuer's 2022 Equity Incentive Plan, Mr. Duncan was granted 3,284.072 shares of the Issuer's restricted common stock, representing the difference in value between such director's October 1, 2024 equity award and $100,000, calculated based on the Issuer's most recently determined net asset value per share. The shares of restricted common stock will vest on October 1, 2025.

On January 24, 2025, following the approval by the Issuer's board of directors of the revised annual retainers paid to the Issuer's independent directors and pursuant to the Issuer's 2022 Equity Incentive Plan, Mr. Silver was granted 3,284.072 shares of the Issuer's restricted common stock, representing the difference in value between such director's October 1, 2024 equity award and $100,000, calculated based on the Issuer's most recently determined net asset value per share. The shares of restricted common stock will vest on October 1, 2025.