[Form 4] BRANDYWINE REALTY TRUST Insider Trading Activity

Rhea-AI Filing Summary

Brandywine Realty Trust (BDN) President and CEO Gerard H. Sweeney reported an open‑market purchase of 88,500 common shares on 11/10/2025 at a price of $3.3772 per share. Following this transaction, his beneficial ownership stands at 3,042,210 shares held directly.

The filing also reflects additional shares acquired under the company’s ESPP that are included in the ending balance: 4,062.09 shares on June 16, 2025 at $3.59 per share and 3,506.56 shares on September 15, 2025 at $3.56 per share. The ESPP permits fractional shares and numbers are rounded to the nearest whole share.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SWEENEY GERARD H

(Last) (First) (Middle)

2929 ARCH STREET

SUITE 1800

(Street)

PHILADELPHIA PA 19104

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BRANDYWINE REALTY TRUST [ BDN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares of Beneficial Interest	11/10/2025		P		88,500(1)	A	$3.3772	3,042,210(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects shares purchased in the open market

2. This filing also reports in the ending balalance of shares owned, additional common shares acquired under the Company's Employee Share Purchase Plan (ESPP). Under the ESPP, (i) 4,062.09 shares were acquired on June 16, 2025 at a transaction price of $3.59 per share, and (ii) 3,506.56 shares were acquired on September 15, 2025 at a transaction price of $3.56 per share. The ESPP provides for the purchase of fractional shares. The numbers reported herein are rounded to the nearest whole number.

	/s/ Gerard H. Sweeney	11/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did BDN disclose on Form 4?

The CEO purchased 88,500 common shares on 11/10/2025 at $3.3772 per share in the open market.

How many BDN shares does the CEO own after the reported trade?

Beneficial ownership is 3,042,210 shares held directly after the transaction.

Were ESPP purchases included in the BDN Form 4?

Yes. The ending balance includes ESPP acquisitions of 4,062.09 shares at $3.59 (June 16, 2025) and 3,506.56 shares at $3.56 (September 15, 2025).

What was the price paid for the open-market purchase?

The CEO paid $3.3772 per share for 88,500 shares on 11/10/2025.

What is the reporting person’s role at Brandywine Realty Trust (BDN)?

Gerard H. Sweeney is President and CEO and also a Director.

Is the ownership direct or indirect after the transaction?

The filing states the 3,042,210 shares are held directly.