[Form 4] FRANKLIN RESOURCES INC Insider Trading Activity

Rhea-AI Filing Summary

Franklin Resources, Inc. (BEN)11/20/2025, the reporting person bought 50,000 shares of Franklin Resources common stock at a price of $21.20 per share in an open-market transaction coded as a purchase (P). After this transaction, the insider directly owned 90,137,677 shares of common stock.

In addition to the directly held shares, the insider also had 25,108.0143 shares held indirectly through the Franklin Templeton 401(k) Retirement Plan, based on a plan statement as of October 10, 2025, and 4,059,651 shares held indirectly through an IRA. No derivative securities were reported in this filing.

11/21/2025 - 04:18 PM

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^*

JOHNSON CHARLES B

(Last) (First) (Middle)

C/O FRANKLIN RESOURCES, INC.

ONE FRANKLIN PARKWAY

(Street)

SAN MATEO CA 94403-1906

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FRANKLIN RESOURCES INC [ BEN ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
11/20/2025

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 Stock, par value $.10	11/20/2025		P		50,000	A	$21.2	90,137,677	D
Common Stock, par value $.10								25,108.0143	I	By 401(k)(1)
Common Stock, par value $.10								4,059,651	I	By IRA

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. Reporting Person holds shares in the Franklin Templeton 401(k) Retirement Plan. Information is based on a plan statement as of October 10, 2025.

	/s/ Virginia Rosas, Attorney-in-Fact	11/21/2025
	** 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 Franklin Resources (BEN) report?

Franklin Resources (BEN) reported that a director and 10% owner purchased 50,000 shares of its common stock on 11/20/2025 in an open-market transaction coded as a purchase (P) at $21.20 per share.

At what price were the new Franklin Resources (BEN) shares bought?

The insider purchased the 50,000 shares of Franklin Resources common stock at a price of $21.20 per share.

How many Franklin Resources (BEN) shares does the insider now own directly?

Following the reported transaction, the insider directly owned 90,137,677 shares of Franklin Resources common stock.

What indirect holdings does the Franklin Resources (BEN) insider report?

The insider reported holding 25,108.0143 shares indirectly through the Franklin Templeton 401(k) Retirement Plan, based on a statement as of October 10, 2025, and 4,059,651 shares indirectly through an IRA.

Did the Franklin Resources (BEN) insider report any derivative securities?

No. The section for derivative securities shows no reported derivative positions for this insider in this filing.

What is the reporting person’s relationship to Franklin Resources (BEN)?

The reporting person is identified as a director of Franklin Resources, Inc. and also as a 10% owner of the company.