Every Form 4 that Franklin Templeton, Inc. (BEN) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow BEN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BEN filings page.
FRANKLIN RESOURCES INC (BEN) reported that Chief Executive Officer and director Jennifer M. Johnson had 116,053 shares of common stock withheld on August 31, 2026 to pay tax liability related to the vesting of an equity award issued in accordance with Rule 16b-3, at a value of $34.15 per share. After this tax-withholding disposition, she directly held 3,437,981.0046 shares, including 522,126 unvested restricted stock units. She also reported indirect holdings of 2,739.1276 shares through the Franklin Templeton 401(k) Retirement Plan, 2,637,700 shares through a business limited partnership under her control, 605,929 shares held by or for her children for which she disclaims beneficial ownership, and 216,900 shares through a venture limited partnership in which she has a beneficial interest but disclaims beneficial ownership of portions held in children’s trusts.
FRANKLIN RESOURCES INC (BEN) Executive Chairman Gregory E. Johnson reported a disposition of 10,568 shares of common stock on August 31, 2026, at $34.15 per share to satisfy tax liability by withholding securities incident to the vesting of an equity award issued under Rule 16b-3. Following this transaction, he holds 2,676,986 shares directly, including 25,664 unvested restricted stock units. He also reports indirect holdings through a 401(k) plan, business and venture limited partnerships he controls, and shares held by his spouse and children, with beneficial ownership of certain family-related holdings disclaimed. No Rule 10b5-1 trading plan is reported.
Franklin Resources Inc (BEN) reported that Chief Accounting Officer Lindsey Harumi Oshita had 2,598 shares of common stock withheld on August 31, 2026 to pay tax liabilities related to vesting equity awards, at a reference value of $34.15 per share.
After this tax-withholding disposition, Oshita directly beneficially owned 26,129.4565 shares of common stock, including 7,812 shares represented by unvested restricted stock units. No transactions were reported under a Rule 10b5-1 trading plan.
FRANKLIN RESOURCES INC (BEN) reported that officer Matthew Nicholls had 61,533 shares of common stock withheld on August 31, 2026 to pay tax liabilities related to vesting equity under Rule 16b-3, at a reported value of $34.15 per share. After this tax-withholding disposition, he beneficially owns 717,264 shares, including 339,611 unvested restricted stock units. No Rule 10b5-1 trading plan is reported.
FRANKLIN RESOURCES INC (BEN) reported that executive vice president and general counsel Thomas C. Merchant had 9,807 shares of common stock withheld on August 31, 2026 to satisfy tax liability upon the vesting of an equity award issued under Rule 16b-3. After this tax-withholding disposition, he beneficially owns 82,805 shares, including 21,887 unvested restricted stock units, all held directly. No Rule 10b5-1 trading plan is reported for this transaction.
FRANKLIN RESOURCES INC (BEN) reported that officer Terrence Murphy, Co‑President, Public Markets, had 25,125 shares of common stock withheld on August 31, 2026 to pay tax liabilities arising from the vesting of equity awards. The shares were valued at $34.15 per share for this tax-withholding transaction, leaving him with 390,884 shares beneficially owned, including 297,698 unvested restricted stock units. No Rule 10b5‑1 trading plan is reported for this transaction.
FRANKLIN RESOURCES INC (BEN) reported that Co-President and Chief Commercial officer Daniel Gamba had 64,136 shares of common stock withheld on August 31, 2026 to pay tax liabilities arising from the vesting of an equity award issued under Rule 16b-3. The shares were valued at $34.15 per share for this tax-withholding transaction. After this event, Gamba beneficially owned 608,584 shares in total, including 525,096 shares represented by unvested restricted stock units. No Rule 10b5-1 trading plan is reported for this transaction.
Murphy Terrence reported acquisition or exercise transactions in this Form 4 filing.
FRANKLIN RESOURCES INC Co-President, Public Markets Terrence Murphy received a grant of 229,850 shares of common stock on 2026-07-21 at $32.63 per share. Following this award, he beneficially owned 416,009 shares, of which 360,381 represent unvested restricted stock unit awards.
Nicholls Matthew reported acquisition or exercise transactions in this Form 4 filing.
Matthew Nicholls, Co-President, CFO & COO of Franklin Resources, received a grant of 229,850 shares of common stock on July 21, 2026 at $32.63 per share. After this award, he directly beneficially owns 778,797 shares, including 450,879 unvested restricted stock units.
Gamba Daniel reported acquisition or exercise transactions in this Form 4 filing.
Franklin Resources Inc. reported that Co-President and Chief Commercial Officer Daniel Gamba received a grant of 229,850 shares of common stock on July 21, 2026 at a reported value of $32.63 per share. Following this award, he beneficially owns 672,720 shares, all in unvested restricted stock unit awards.
JOHNSON JENNIFER M reported acquisition or exercise transactions in this Form 4 filing.
Franklin Resources reports that Chief Executive Officer Jennifer M. Johnson received a grant of 229,850 shares of common stock on July 21, 2026 at $32.63 per share. After this award she directly holds 3,554,034.0046 shares, including 817,049 unvested restricted stock units, plus additional indirect holdings via a 401(k), partnerships and children’s trusts, some of which she disclaims beneficial ownership.
Franklin Resources, Inc., identified as an affiliate of the investment adviser to Clarion Partners Real Estate Income Fund Inc., reported selling 1,682,905.226 Class I shares of common stock at $11.29 per share on July 20, 2026. After this sale, it held 5,103,657.501 shares across four share classes: 93,328.969 Class S, 5,232.408 Class T, 5,250.651 Class D and 4,999,845.473 Class I.
Franklin Resources director Karen Matsushima King reported a grant of deferred director’s fees tied to the company’s stock performance. On this Form 4, she acquired 1,005.5784 units of Deferred Director's Fees (FRI), based on a reference price of $34.0600 per unit, as a compensation award rather than an open-market purchase.
Each unit represents a hypothetical investment account linked to Franklin Resources stock, including reinvested dividends, and is payable in cash over time under the 2006 Directors Deferred Compensation Plan. Following this grant, her deferred units balance increased to 72,434.9791. The account is scheduled to pay substantially equal quarterly cash installments over ten years beginning after her separation from service, with an indicated expiration date of January 20, 2058.
Kim John Y reported acquisition or exercise transactions in this Form 4 filing.
Franklin Resources director John Y. Kim received a grant of 983.5585 units of Deferred Director's Fees (FRI), based on a reference price of $34.06 per unit. These units track the performance of Franklin Resources stock, including reinvested dividends, in a hypothetical investment account under the 2006 Director Deferred Compensation Plan.
The deferred amount is payable in a single payment after his separation from service with Franklin Resources and its subsidiaries. Following this award, Kim holds a total of 78,892.7327 deferred fee units linked to the company’s common stock, with exercisable and expiration dates currently set to April 20, 2036, assuming separation timing described in the plan.
King Karen Matsushima reported acquisition or exercise transactions in this Form 4 filing.
Franklin Resources director Karen Matsushima King received a compensation-related award of deferred director’s fees tied to company stock. The award covers 83.7802 units of Deferred Director's Fees (FRI) valued at $29.84 per unit, linked to Franklin Resources common stock performance including reinvested dividends.
These deferred fees represent a hypothetical investment account payable in cash in substantially equal quarterly installments over ten years. Payments begin after the director’s separation from service, starting on the first January 20, April 20, July 20 or October 20 following separation and continuing on those dates thereafter. The award is exercisable based on an assumed separation timing and carries an expiration date of January 20, 2058.
Franklin Resources, Inc., an affiliate of the investment adviser to Clarion Partners Real Estate Income Fund Inc., reported an open-market sale of 1,672,535.211 shares of Common Stock on April 20, 2026 at $11.36 per share.
After this transaction, Franklin Resources, Inc. directly held an aggregate of 6,786,562.727 shares across four share classes, including Class S, Class T, Class D and Class I shares, as described in the footnotes.
Franklin Resources, Inc., a 10% owner of Clarion Partners Real Estate Income Fund Inc., reported internal share-class rebalancing on Common Stock. On April 16, 2026, Franklin Resources redeemed 88,028.169 Class I Shares and purchased 88,105.727 Class S Shares to maintain capitalization and liquidity in Class S following an investor’s shift out of that class. After these moves, Franklin Resources held an aggregate 8,459,020.38 shares across four classes, including Class S, Class T, Class D and Class I Shares, indicating a structural adjustment rather than a net increase or decrease in overall fund exposure.
Franklin Resources director John Y. Kim received 1,420.0932 units of Deferred Director's Fees tied to the company’s stock value as compensation. The award is based on a reference price of $23.59 per unit and tracks Franklin Resources’ stock performance with reinvested dividends in a hypothetical investment account.
These deferred fees are payable in a single payment after his separation from service and have exercise and expiration mechanics tied to an assumed retirement timing. Following this grant, Kim holds a total of 76,909.1188 deferred fee units, and the transaction does not involve any open-market buying or selling of shares.
Franklin Resources director Karen Matsushima King reported an acquisition of 1,451.8864 units of Deferred Director's Fees, tied to Franklin Resources stock at a reference price of $23.59. Following this grant, her deferred fee balance linked to common stock totals 70,431.7959 units.
These awards are part of the 2006 Directors Deferred Compensation Plan and represent a hypothetical investment account based on stock performance, including reinvested dividends. The balance is payable in cash in substantially equal quarterly installments over ten years after she separates from service, beginning on specified January, April, July, or October payment dates.
Franklin Resources reported an insider share purchase by one of its directors. On 02/03/2026, the director acquired 7,593 shares of Franklin Resources common stock at a price of $27 per share. After this transaction, the director directly owned 47,152 shares.
This Form 4/A is described as an administrative amendment made solely to correct the transaction date, with no other changes to the previously reported information.
Franklin Resources director Geoffrey Y. Yang reported acquiring 7,593 shares of the company’s common stock on February 3, 2026, at a price of $27 per share. Following this transaction, Yang directly beneficially owns 74,064 shares of Franklin Resources common stock.
Franklin Resources director Seth H. Waugh reported an increase in his deferred compensation tied to company stock. On 02/03/2026, he acquired 7,592.5926 units of Deferred Director's Fees (FRI) at $27 per unit, a derivative security linked to Franklin Resources, Inc. common stock.
After this transaction, Waugh beneficially owned 46,008.515 derivative units on a direct basis. The position represents a hypothetical investment account under the 2006 Director Deferred Compensation Plan, based on Franklin Resources’ stock performance with reinvested dividends, and is payable in a single payment after his separation from service.
Franklin Resources director Alexander S. Friedman reported an automatic credit of deferred director fees tied to the company’s stock. On February 3, 2026, he acquired 7,592.5926 units of deferred director’s fee equivalents at $27 each, bringing his total hypothetical deferred account to 46,008.515 units.
These deferred fees are tracked based on Franklin Resources’ stock performance, including reinvested dividends, and are scheduled to be paid in a single lump sum after his separation from service.
Franklin Resources director Karen Matsushima King reported a Form 4 showing additional deferred director fees tied to company stock performance. On 02/03/2026, she acquired 7,592.5926 derivative units labeled "Deferred Director's Fees (FRI)" at $27 each, bringing her total to 68,979.9095 derivative units.
These units represent a hypothetical investment account under Franklin Resources' 2006 Directors Deferred Compensation Plan. The value is based on Franklin Resources stock, including reinvested dividends, but is payable in cash in equal quarterly installments over ten years after she separates from service, with an expiration date of 01/20/2058.
Franklin Resources director Kim John Y reported an increase in deferred compensation tied to the company’s stock. On 02/03/2026, the director acquired 7,592.5926 units of a derivative security labeled "Deferred Director's Fees (FRI)" at $27 per unit. After this transaction, the director held 75,489.0256 derivative units on a direct basis.
The filing explains that these units represent a hypothetical investment account under the 2006 Director Deferred Compensation Plan, tracking the performance of Franklin Resources, Inc. stock, including reinvested dividends. Amounts are payable in one lump sum after the director’s separation from service, with exercisability and expiration based on an assumed separation in the February following the director’s 75th birthday. The director may reallocate the hypothetical account into alternative, non–stock-based investment options effective on the first day of any calendar quarter.
Franklin Resources director John W. Thiel acquired 7,593 shares of the company’s common stock on February 3, 2026 at a price of $27.00 per share. Following this transaction, he directly owns 40,792 shares of Franklin Resources common stock.
Franklin Resources director Anthony Noto reported acquiring 7,593 shares of the company’s common stock at $27 per share on February 4, 2026. Following this transaction, he beneficially owns 47,152 shares of Franklin Resources stock in direct ownership.
Franklin Resources director Mariann H. Byerwalter reported an indirect acquisition of common stock through a revocable family trust. On February 3, 2026, the trust acquired 7,593 shares of Franklin Resources common stock at $27 per share in a single transaction coded as an acquisition. Following this transaction, the trust beneficially owns 34,781 shares, with Byerwalter serving as sole trustee holding both voting and investment power over these shares.
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.
Franklin Resources, Inc., a more than 10% owner and affiliate of the investment adviser to Clarion Partners Real Estate Income Fund Inc., reported selling 1,581,722.32 shares of common stock on January 14, 2026 at a price of $11.38 per share. After this sale, Franklin Resources beneficially owns a total of 8,459,020.38 shares across four share classes, including Class S, Class T, Class D and Class I shares. The filing indicates these holdings remain directly owned by Franklin Resources and reflect its continuing large ownership position in the fund.
Franklin Resources, Inc. director Karen Matsushima King reported an acquisition of deferred director compensation tied to the company’s stock. On 01/11/2026, she acquired 97.4279 derivative securities labeled “Deferred Director’s Fees (FRI)” at a reference price of $25.66 per underlying share, bringing her total beneficially owned derivative securities of this type to 61,387.3169, held directly.
These deferred fees represent a hypothetical investment account under the 2006 Directors Deferred Compensation Plan, based on the performance of Franklin Resources’ stock, including reinvested dividends. The account is payable in cash in substantially equal quarterly installments over ten years after she separates from service, with an expiration date of 01/20/2058 as described in the plan terms.
Franklin Resources, Inc. Chief Executive Officer and director Jennifer M. Johnson reported equity ownership changes dated January 5, 2026. One line item shows a transaction coded "G" for 6,272 shares of common stock at a price of $0.0000 per share, after which she directly held 3,324,184.0046 shares.
A separate entry, also coded "G", reflects 3,920 shares at $0.0000 per share in an indirect account described as "By Children or As Trustee For Children," with 605,929 shares indirectly held afterward; she disclaims beneficial ownership of these children’s shares. Additional indirect holdings include 2,642.5854 shares in the Franklin Templeton 401(k) Retirement Plan based on an October 10, 2025 statement, 2,637,700 shares through a business limited partnership under her control, and 216,900 shares through a venture limited partnership partly owned by trusts for her children, where she disclaims beneficial ownership of the children’s trusts.
Franklin Resources Inc. director reports deferred fee award tied to stock performance. On 01/02/2026, the director acquired 1,407.563 units of Deferred Director's Fees under the company's 2006 Director Deferred Compensation Plan. Each unit is linked to the performance of Franklin Resources common stock, including reinvested dividends, and is payable in a lump sum after the director's separation from service.
The units are shown as exercisable and expiring on 04/20/2036, based on an assumption that separation occurs in the February following the director's 75th birthday. Following this transaction, the director beneficially holds 67,052.2113 deferred fee units on a direct basis, representing a hypothetical investment account that can be reallocated to other permitted investment accounts.
Franklin Resources Inc. director reported a new deferred compensation transaction. On 01/02/2026, the director acquired 1,439.0756 deferred director’s fee units under the company’s 2006 Directors Deferred Compensation Plan at a reference price of $23.8 per unit, each linked to an equal number of shares of common stock.
After this transaction, the director beneficially owned 60,529.9517 such derivative securities on a direct basis. These amounts are held in a hypothetical investment account tied to Franklin Resources’ stock performance (including reinvested dividends) and are payable in cash in substantially equal quarterly installments over ten years, beginning after the director’s separation from service based on specified January 20, April 20, July 20 or October 20 payment dates. The expiration date disclosed for this award is 01/20/2058.
Franklin Resources Inc. Chief Executive Officer and Director reported changes in her beneficial ownership of the company’s common stock. On 12/26/2025, transactions coded “G” were reported involving common stock with par value $0.10 per share. Following these transactions, she directly owned 3,330,456.0046 shares of Franklin Resources common stock. She also indirectly owned 602,009 shares through her children or as trustee for her children, 2,642.5854 shares through the Franklin Templeton 401(k) Retirement Plan, 2,637,700 shares through a business limited partnership under her control, and 216,900 shares through a venture limited partnership for her benefit and partially for irrevocable trusts for her children.
Franklin Resources, Inc. disclosed that a director and executive chairman, filing individually, reported several gifts of common stock on December 26, 2025. The reporting person transferred 1,272 shares of common stock directly, 2,544 shares held for children, and 1,272 shares held by a spouse, all coded as gifts. After these transactions, the filing shows 2,687,554 shares of common stock held directly, 254,959 shares held for children, and 27,716 shares held by a spouse, along with additional indirect holdings through a 401(k) plan and two limited partnerships. The reporting person disclaims beneficial ownership of shares held by children, certain trusts for children, and the spouse’s holdings.
Franklin Resources, Inc. insider reporting as a director and 10% owner disclosed a transaction in the company’s common stock on 12/26/2025, coded "G" in the SEC form. The filing shows that 25,440 shares of common stock with par value $0.10 were disposed of in this transaction. Following the activity, the reporting person directly beneficially owned 90,108,421 shares of Franklin Resources common stock.
The form also lists indirect holdings, including 25,108.0143 shares held through the Franklin Templeton 401(k) Retirement Plan, based on a plan statement as of October 10, 2025, and 4,059,651 shares held through an IRA. The filing is made by one reporting person and indicates that the transaction was not reported as part of a group filing.
Franklin Resources Inc3,816 shares of common stock on 12/17/2025, identified with transaction code G. Following this transaction, the insider directly beneficially owned 90,133,861 shares of common stock. The filing also notes indirect holdings of 25,108.0143 shares 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.
Franklin Resources, Inc. Chief Executive Officer and director reported an insider transaction involving company common stock. On 12/01/2025, 42,603 shares of Franklin Resources common stock were withheld at a price of $22.54 per share to cover tax liabilities related to the vesting of an equity award issued under Rule 16b-3. After this transaction, the reporting person directly beneficially owns 3,329,184.0046 shares of common stock, in addition to indirect holdings. These include 2,642.5854 shares held in the Franklin Templeton 401(k) Retirement Plan as of October 10, 2025, 2,637,700 shares held through a business limited partnership under her control, 595,649 shares held by or for her children (for which she disclaims beneficial ownership), and 216,900 shares held through a venture limited partnership that includes irrevocable trusts for her children. Of the total beneficially owned securities, 587,199 shares represent unvested restricted stock unit awards.
Franklin Resources Inc. executive chairman and director reported a routine equity transaction involving company stock. On 12/01/2025, the reporting person had 8,460 shares of common stock withheld at a price of $22.54 per share to cover tax liabilities tied to the vesting of an equity award issued under Rule 16b-3. After this withholding, the reporting person directly owned 2,686,282 shares of Franklin Resources common stock.
The filing also notes additional indirect ownership through various vehicles, including shares held in a 401(k) plan, business and venture limited partnerships under the reporting person’s control, and shares held by the reporting person’s spouse and children, some of which are disclaimed for beneficial ownership. Of the total beneficially owned securities, 54,324 shares are unvested restricted stock unit awards.
Franklin Resources Inc. reported an insider equity transaction by its Co-President, CFO & COO on 12/01/2025. The executive had 50,427 shares of Franklin Resources common stock withheld at $22.54 per share to cover tax obligations tied to the vesting of equity awarded under Rule 16b-3. This was recorded as a disposition coded "F," which typically reflects tax withholding rather than an open-market sale.
Following this transaction, the executive beneficially owned 548,947 shares of Franklin Resources common stock, including 221,029 shares in the form of unvested restricted stock units. The filing indicates the holdings are directly owned.
Franklin Resources, Inc. executive vice president and general counsel reported a routine share withholding to cover taxes tied to an equity award. On 12/01/2025, the officer had 8,091 shares of common stock withheld at a price of $22.54 per share, in connection with the vesting of a security issued under Rule 16b-3.
After this transaction, the officer beneficially owns 92,612 shares of Franklin Resources common stock in direct form. This total includes 41,879 shares represented by unvested restricted stock units, which are scheduled to vest over time according to their award terms.
Franklin Resources, Inc. (BEN) reported an insider stock purchase by a director who is also a 10% owner. On 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.
Franklin Resources, Inc. (BEN) reported an insider share purchase by a reporting person who is a 10% owner. On 11/18/2025, the reporting person purchased 50,000 shares of Franklin Resources common stock at a weighted average price of $21.4895 per share, with individual trades ranging from $21.43 to $21.57.
After this transaction, the reporting person beneficially owned 90,087,677 shares directly. They also held 25,108.0143 shares indirectly through the Franklin Templeton 401(k) Retirement Plan, based on a plan statement as of October 10, 2025, and 4,059,651 shares indirectly through an IRA.
Franklin Resources (BEN) reported that a director acquired 108.4599 deferred director’s fee units on 11/12/2025 at $23.05, as disclosed on Form 4. Following the transaction, directly held derivative units totaled 59,090.8761.
The award tracks the performance of Franklin Resources’ common stock and is payable in cash under the company’s 2006 Directors Deferred Compensation Plan. The instrument carries an expiration date of 01/20/2058, with exercisability and payout timing tied to separation from service per plan terms.
Franklin Resources (BEN) reported insider activity by its Chief Executive Officer and Director. On November 4, 2025, the reporting person acquired 306,552 shares of common stock at $22.59 per share. An additional 108,262 shares relate to prior performance‑based restricted stock units, with the Compensation Committee certifying achievement for the fiscal year ended September 30, 2025; these are scheduled to vest on December 1, 2025.
Following these transactions, direct beneficial ownership was 3,371,787.0046 shares. The filer also reported indirect holdings, including 2,642.5854 shares via a 401(k) plan and stakes held through family and partnership entities.
Franklin Resources (BEN) Executive Chairman and director reported acquisitions of company stock. On 11/04/2025, he acquired 25,012 shares at $22.59 per share and reported 16,656 performance-based restricted stock units that are scheduled to vest on December 1, 2025 after the Compensation Committee certified fiscal 2025 performance.
Following these transactions, direct beneficial ownership was 2,694,742 shares. He also reported indirect holdings, including 7,679.7519 shares via a 401(k), 2,573,100 shares held by a business limited partnership, 396,000 shares by a venture limited partnership, 252,415 shares for children/trusts, and 26,444 shares by spouse.
Franklin Resources (BEN) disclosed a Form 4 for its Co‑President, CFO & COO. On 11/04/2025, the officer acquired 110,226 shares of common stock at $22.59 and 91,183 additional shares tied to performance-based RSUs. The compensation committee certified fiscal 2025 performance on 11/04/2025, and these RSUs are scheduled to vest on 12/01/2025. Following the transactions, beneficial ownership was 599,374 shares, of which 221,029 represent unvested RSU awards.
Franklin Resources (BEN): Form 4 insider activity — The company’s EVP and General Counsel reported two acquisitions on 11/04/2025. The filing shows 22,688 shares acquired at $22.59 per share and 16,494 restricted stock units tied to performance criteria certified by the Compensation Committee for the fiscal year ended September 30, 2025. These RSUs are scheduled to vest on December 1, 2025.
Following these transactions, beneficial ownership stands at 100,703 shares, which includes 41,879 unvested restricted stock units.
Franklin Resources (BEN): insider share acquisition disclosed. An officer listed as Co‑President, Public Markets acquired 46,730 shares of common stock at $22.59 on 11/04/2025. Following the transaction, direct beneficial ownership stands at 186,159 shares. Of this amount, 130,531 shares represent unvested restricted stock unit awards.