Company: FR
Filing Date: 2025-08-21
Form Type: 424B5
Source: 0000921825-25-000095
Chunk: 21

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-08-21
Form: 424B5
Chunk 21
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, 2028.

From time to time during the term of the distribution agreements and any forward sale agreements, as applicable, in connection with the Sales Agents or Forward Sellers acting as our agent, we may propose to one of the Sales Agents or Forward Sellers the terms of a transaction notice or placement notice, as applicable establishing a selling period and specifying with respect to the selling period terms such as the amount of shares to be sold and the minimum price below which sales may not be made. We will propose such a notice to only one Sales Agent or Forward Seller relating to the sale of shares of our common stock on any given day. If the agent agrees to the terms of such proposal, it will submit for our execution a binding transaction notice or placement notice, as applicable. Upon acceptance of such transaction notice or placement notice by us, and subject to the terms and conditions of the respective distribution agreement or forward purchase agreement, as applicable, if acting as agent, each Sales Agent and Forward Seller agrees to use its commercially reasonable efforts consistent with its normal trading and sales practices to sell shares of our common stock on the terms set forth in such transaction notice or placement notice, as applicable, and the applicable distribution agreement or forward sale agreement. We or the Sales Agent acting as our agent or the Forward Purchaser may suspend the offering of our shares at any time upon proper notice to the other, upon which the selling period will immediately terminate.

Our common stock is an “actively-traded security” excepted from the requirements of Rule 101 of Regulation M under the Exchange Act by Rule 101(c)(1) of Regulation M under the Exchange Act. If any Sales Agents, Forward Sellers, Forward Purchasers or we have reason to believe that the exemptive provisions set forth in Rule 101(c)(1) of Regulation M under the Exchange Act are not satisfied, that party will promptly so notify the other parties to the equity distribution agreement and sales of our common stock under the equity distribution agreement will be suspended until that or other exemptive provisions have been satisfied in the judgment of the Sales Agents, the Forward Sellers, the Forward Purchasers and us.

No Sales Agent, Forward Seller, or Forward Purchaser will engage in any transactions that stabilize our common stock.

#### Commissions and Discounts
We will pay each of the Sales Agents a commission which in each case shall not be more than 2.0% of the gross sales price of all shares sold through it as our agent under the applicable distribution agreement. The remaining sales proceeds, after deducting any expenses payable by