X0306 4 2016-06-16 0 0001528985 Inland Real Estate Income Trust, Inc. n/a 0001542585 Davis Stephen L 2901 BUTTERFIELD ROAD OAK BROOK IL 60523 1 0 0 0 Common Stock 2016-06-16 4 A 0 1108.647 0 A 3208.647 D Shares of common stock were granted to the reporting person under the Issuer's Employee and Director Restricted Share Plan. These shares were issued on account of the reporting person's service as a non-employee director of the Issuer and without additional consideration. The shares become vested in equal installments of 33-1/3% on June 16, 2017, June 16, 2018 and June 16, 2019, subject to the reporting person's continued service to the Issuer; provided that 100% of any then unvested shares becomes fully vested upon the consummation of a liquidity event. /s/ Roberta S. Matlin, Attorney-in-fact 2016-06-20