Vanguard details 9.27% BrightSpire Capital (BRSP) stake in 13G/A filing

Rhea-AI Filing Summary

The Vanguard Group reported beneficial ownership of 12,027,049 shares of BrightSpire Capital Inc common stock, representing 9.27% of the class. Vanguard has shared voting power over 992,722 shares and shared dispositive power over all 12,027,049 shares, with no sole voting or dispositive power.

Vanguard explains that an internal realignment on January 12, 2026 means certain subsidiaries or business divisions that pursue the same investment strategies are expected to report beneficial ownership separately on a disaggregated basis. Vanguard also certifies the shares are held in the ordinary course of business, not to influence control of BrightSpire.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

BrightSpire Capital Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

10949T109

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 10949T109

1

Names of Reporting Persons

The Vanguard Group

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 992,722.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 12,027,049.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,027,049.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.27 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. As of that date, The Vanguard Group, Inc. no longer performs portfolio management services or administers proxy voting. In accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. anticipates that certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that currently have, or are deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release. These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BrightSpire Capital Inc
(b)	Address of issuer's principal executive offices: 515 South Flower Street, 44th Floor, Los Angeles, CA, 90071
Item 2.
(a)	Name of person filing: The Vanguard Group
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd., Malvern, PA 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 10949T109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 12027049
(b)	Percent of class: 9.27 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 992722
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 12027049
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

The Vanguard Group

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	01/30/2026

FAQ

What percentage of BrightSpire Capital (BRSP) does The Vanguard Group report owning?

The Vanguard Group reports beneficial ownership of 9.27% of BrightSpire Capital’s common stock. This stake is based on 12,027,049 shares reported as beneficially owned, indicating Vanguard is a significant institutional holder but not a controlling shareholder of the company.

How many BrightSpire Capital (BRSP) shares does Vanguard report as beneficially owned?

The Vanguard Group reports beneficial ownership of 12,027,049 BrightSpire Capital common shares. Vanguard has shared voting power over 992,722 of these shares and shared dispositive power over the full 12,027,049 shares, while reporting no sole voting or sole dispositive power.

What voting and dispositive powers does Vanguard have over its BRSP holdings?

Vanguard reports shared voting power over 992,722 BrightSpire shares and shared dispositive power over 12,027,049 shares. It reports zero sole voting power and zero sole dispositive power, meaning decisions are made jointly or through related entities rather than exclusively by Vanguard alone.

Is Vanguard seeking to influence control of BrightSpire Capital (BRSP) with this stake?

Vanguard certifies the BrightSpire shares are held in the ordinary course of business, not to influence control. It states the securities were not acquired, and are not held, for changing or influencing control or for transactions intended to have that effect.

What internal changes at Vanguard affect future reporting of its BRSP ownership?

Vanguard states that on January 12, 2026 it underwent an internal realignment. Following this, certain subsidiaries or business divisions pursuing the same investment strategies are expected to report beneficial ownership separately, on a disaggregated basis, in reliance on SEC Release No. 34-39538.

Who ultimately benefits from dividends and sale proceeds on Vanguard’s BRSP shares?

Vanguard explains its clients have the right to receive dividends and sale proceeds for the reported BrightSpire shares. These clients include registered investment companies and other managed accounts, and no single other person’s interest in the securities exceeds 5% of the class.