Company: FR
Filing Date: 2025-08-21
Form Type: 424B5
Source: 0000921825-25-000095
Chunk: 22

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-08-21
Form: 424B5
Chunk 22
---
 us and any transaction fees imposed by any governmental or self-regulatory organization in connection with the sales, will equal our net proceeds for the sale of shares of our common stock. We have agreed to reimburse the Sales Agents for certain expenses in certain circumstances.

<div align='center'>S-10</div>

In addition, we may agree with any Sales Agent to sell our common stock other than through ordinary brokers’ transactions using sales efforts and methods that may constitute “distributions” within the meaning of Rule 100 of Regulation M under the Exchange Act, and for which we may agree to pay such Agent a commission that may exceed 2.0% of the gross sales price of our common stock sold through such Sales Agent.

In connection with the sale of our common stock hereunder, each of the Sales Agents will be deemed to be an underwriter, as that term is defined in the Securities Act, and the compensation paid to each of them may be deemed to be underwriting commissions or discounts. We have agreed to provide indemnification and contribution to each of the Sales Agents against certain civil liabilities, including liabilities under the Securities Act.

In connection with each forward sale agreement, unless otherwise agreed, we will pay the applicable Forward Seller a commission, in the form of a reduction to the initial forward price under the related forward sale agreement, at a rate of 2.0% of the gross sales price per share of the borrowed shares of our common stock sold through such Forward Seller during the applicable forward selling period for such shares.

### Settlement Procedures
Settlement for sales of our common stock is generally anticipated to occur on the first business day following the date on which any sales were made in return for payment of the net proceeds to us (or such other day as may, from time to time, become standard industry practice for settlement of such a securities issuance), unless we agree otherwise with the relevant Sales Agent.

We expect that settlement between the relevant Forward Purchaser and the relevant Forward Seller of sales of borrowed common shares, as well as the settlement between the relevant Forward Seller and the relevant buyers of such common shares in the market, will generally occur on the first business day following the date on which any sales are made, or on some other date that is agreed upon by the applicable parties in connection with a particular transaction, in return for payment of the proceeds.

There is no arrangement for funds to be received in an escrow, in trust or pursuant to a similar arrangement.

Sales of shares of our common stock as contemplated by this prospectus supplement will be settled