Company: FR
Filing Date: 2025-08-21
Form Type: 424B5
Source: 0000921825-25-000095
Chunk: 23

Company: FIRST INDUSTRIAL REALTY TRUST INC
Filing Date: 2025-08-21
Form: 424B5
Chunk 23
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 through the facilities of The Depository Trust Company or by such other means as we and the Sales Agents may agree upon.

Each Sales Agent will provide written confirmation to us following the close of trading on the NYSE each day in which shares of our common stock are sold by it as agent for us under the relevant distribution agreement. Each confirmation will include the number of shares sold on that day, the gross sales price per share and the net proceeds to us.

#### Sales Through Forward Sellers
If we enter into a forward sale agreement with any Forward Purchaser, we expect that such Forward Purchaser (or its affiliate) will attempt to borrow from third parties and sell, through the relevant Forward Seller, shares of our common stock to hedge such Forward Purchaser’s exposure under such forward sale agreement.

In connection with any forward sale agreement, we will deliver instructions to the relevant Forward Seller directing it to sell the applicable borrowed shares of our common stock on behalf of the relevant Forward Purchaser. Upon its acceptance of such instructions, such Forward Seller has agreed to use its commercially reasonable efforts consistent with its normal trading and sales practices to sell such shares of common stock, as Forward Seller on behalf of such Forward Purchaser, on the terms and subject to the conditions set forth in the relevant equity distribution agreement and the relevant forward sale agreement. We may instruct such Forward Seller as to the amount of common stock to be sold by it and may also instruct it not to sell such common stock if the sales cannot be effected at or above a price designated by us. We or the applicable Forward Seller may at any time immediately suspend the offering of shares of our common stock through such Forward Seller upon notice to the other parties.

Pursuant to each forward sale agreement, if any, we will have the right to issue and deliver to the Forward Purchaser party thereto a specified number of shares of our common stock on the terms and subject to the conditions set forth therein, or, alternatively, to elect cash settlement or net share settlement for all or any portion of such shares. The initial forward price per share under each forward sale agreement will equal the product of (1) an amount equal to one minus the applicable forward selling commission rate and (2) the volume weighted average price per share at which the borrowed shares of our common stock were sold pursuant to the equity distribution agreement by the relevant Forward Seller during the applicable forward selling period for such shares to hedge the relevant Forward Purchaser’s exposure under such forward sale agreement. Thereafter, the forward price will be subject to the price adjustment provisions