Company: FR
Filing Date: 2025-08-21
Form Type: 8-K
Source: 0000921825-25-000096
Chunk: 1

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-08-21
Form: 8-K
Item: Item 1.01
Chunk 1
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 act as the Company’s agents for the offer and sale of the Shares. Each 2025 Distribution Agreement has a term expiring on May 7, 2028, although each 2025 Distribution Agreement may terminate earlier if all Shares (or a number of Shares equal to the Maximum Amount) are sold under the 2025 Distribution Agreements or if such 2025 Distribution Agreement is terminated by the Company or the applicable Agent. The Company or each Agent may at any time suspend offers under the 2025 Distribution Agreements. Each 2025 Distribution Agreement provides that, unless otherwise agreed, the Company will pay the applicable Agent a commission of no more than 2.0% of the actual sales price of all Shares sold through it as the Company’s agent in “at-the-market” offerings.

Sales of the Shares, if any, may be made in negotiated transactions, which may include block trades, or transactions that are deemed to be “at-the-market offerings” as defined in Rule 415 under the Securities Act of 1933, as amended, including sales made directly on the New York Stock Exchange or sales made to or through a market maker other than on an exchange.

Certain of the 2025 Distribution Agreements provide that, in addition to the issuance and sale of the Shares through the Sales Agents, the Company may enter into forward sale agreements between the Company and a Forward Seller or its affiliate. The Company refers to these entities, when acting in this capacity, individually as a “ Forward Purchaser” and collectively as “ Forward Purchasers.” In connection with each particular forward sale agreement, the relevant Forward Purchaser will borrow from third parties and, through the relevant Forward Seller, sell a number of shares of the Common Stock equal to the number of shares of the Common Stock underlying the particular forward sale agreement. The Company will not initially receive any proceeds from the sale of borrowed shares of the Common Stock by a Forward Seller. The Company expects to fully physically settle each particular forward sale agreement with the relevant Forward Purchaser on one or more dates specified by the Company on or prior to the maturity date of that particular forward sale agreement, in which case the Company will expect to receive aggregate net cash proceeds at settlement equal to the number of shares underlying the particular forward sale agreement multiplied by the relevant forward sale price. However, the Company may also elect to cash settle or net share settle a particular forward sale agreement, in which case the Company may not receive any proceeds from the issuance of shares, and the Company will instead receive or pay cash