Franklin Resources (NYSE: BEN) buys 75,000 Franklin BSP Lending Fund shares

Rhea-AI Filing Summary

Franklin Resources, Inc., as an affiliate investment adviser to Franklin BSP Lending Fund, reported buying common shares of the fund. On January 29, 2026, it purchased 75,000 Class I Common Shares at $10 per share and now directly holds 75,000 shares after the transaction.

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

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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^*

FRANKLIN RESOURCES INC

(Last) (First) (Middle)

ONE FRANKLIN PARKWAY

(Street)

SAN MATEO CA 94403-1906

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Franklin BSP Lending Fund [ N/A ]

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

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Affiliate-Investment Adviser

3. Date of Earliest Transaction (Month/Day/Year)
01/29/2026

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	01/29/2026		P		75,000(1)	A	$10	75,000(1)	D(2)

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. Class I Shares

2. See Exhibits 99-1 and 99-2 for text of footnote, which Exhibits are incorporated by reference herein.

Remarks:

	/s/Thomas C. Mandia, Assistant Secretary of Franklin Resources, Inc., on behalf of Franklin Resources, Inc. and its subsidiaries	02/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Franklin Resources Inc (BEN) report?

Franklin Resources, Inc. reported buying common shares of Franklin BSP Lending Fund. On January 29, 2026, it acquired 75,000 Class I Common Shares at $10 per share, as disclosed in a Form 4 insider filing under Section 16 rules.

How many Franklin BSP Lending Fund shares did Franklin Resources buy?

Franklin Resources, Inc. bought 75,000 Class I Common Shares of Franklin BSP Lending Fund. The transaction occurred on January 29, 2026, and was reported as a purchase in Table I of the Form 4 filed under Section 16 reporting requirements.

At what price were the Franklin BSP Lending Fund shares purchased?

The common shares of Franklin BSP Lending Fund were purchased at $10 per share. Franklin Resources, Inc. acquired 75,000 Class I shares at this price on January 29, 2026, according to the Form 4 non-derivative securities table.

What is Franklin Resources Inc.’s ownership after this Form 4 transaction?

After the reported transaction, Franklin Resources, Inc. beneficially owns 75,000 common shares of Franklin BSP Lending Fund. The Form 4 shows 75,000 shares held following the purchase, reported as directly owned in the non-derivative securities table.

How is Franklin Resources related to Franklin BSP Lending Fund in this filing?

Franklin Resources, Inc. is identified as an “Affiliate-Investment Adviser” to Franklin BSP Lending Fund. In the Form 4, it reports its position in the fund’s common shares in that capacity, rather than as a director, officer, or 10% owner of the issuer.

What type of security did Franklin Resources acquire in this Form 4?

Franklin Resources, Inc. acquired non-derivative common equity in the issuer. The Form 4 specifies the security as Common Shares, further described in the footnotes as Class I Shares of Franklin BSP Lending Fund, purchased in a single reported transaction.