Insider Purchases: BRT Director Increases Stake to ~468k Shares
Rhea-AI Filing Summary
Fredric H. Gould, a director of BRT Apartments Corp. (BRT), reported multiple open-market purchases of the company’s common stock on September 9–11, 2025. The Form 4 shows purchases totaling 31,600 shares executed across several trades at weighted-average prices of $15.8279, $15.9582 and $16.416, with execution price ranges disclosed for each date. Following the reported transactions, the filing shows beneficial ownership figures that include shares held indirectly and through plans, reaching 468,012.012 shares (which the filer notes includes shares acquired via the issuer’s dividend reinvestment plan). The filer disclaims beneficial interest in certain custodial and spousal-held shares and signed the filing via attorney-in-fact on 09/11/2025.
Positive
- Director purchases totaling 31,600 shares demonstrate insider accumulation
- Complete disclosure of trade price ranges and weighted-average prices with offer to provide detailed trade data
- Beneficial ownership reported as 468,012.012 shares, including dividend reinvestment plan holdings, showing transparent aggregation of holdings
- Form filed by the reporting person and signed via attorney-in-fact, indicating procedural compliance
Negative
- None.
Insights
TL;DR: Director purchased 31,600 BRT shares over three days; increases insider stake to ~468k shares, signaling management buy-in.
The Form 4 documents meaningful open-market purchases by Director Fredric H. Gould totaling 31,600 shares executed on 09/09–09/11/2025 at reported weighted-average prices between $15.8279 and $16.416. The filing reports total beneficial ownership figures up to 468,012.012 shares, including dividend reinvestment plan holdings. For investors, sizable insider purchases can be interpreted as alignment with shareholder interests; the filing provides transaction price ranges and the filer’s willingness to supply detailed trade data on request, which supports transparency.
TL;DR: A board director executed multiple purchases and properly disclosed indirect holdings and custodial disclaimers on a timely Form 4.
The Form 4 indicates compliance with Section 16 reporting requirements: the reporter identified as a director, disclosed transactions executed in multiple trades with weighted-average prices, and clarified the nature of indirect holdings (spouse, custodian, trust). The filing’s explanatory notes and attorney-in-fact signature complete the required disclosures. No departures, sales, or other governance red flags are apparent from the document alone.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,977 | $16.416 | $32K |
| Purchase | Common Stock | 1,555 | $16.416 | $26K |
| Purchase | Common Stock | 6,891 | $15.9582 | $110K |
| Purchase | Common Stock | 8,758 | $15.9582 | $140K |
| Purchase | Common Stock | 4,154 | $15.8279 | $66K |
| Purchase | Common Stock | 8,265 | $15.8279 | $131K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $15.625 to $15.90. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $15.81 to $16.06. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $16.25 to $16.48 . The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. Includes shares obtained through issuer's dividend reinvestment plan. Reporting person disclaims any beneficial interest in these shares. Reporting person is custodian of these shares for a minor. Reporting person disclaims any benefiical interest in these shares. Reporting person is the trustee of a trust of which the beneficiary is his spouse.
