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

Financial Analyst

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.

Corporate Governance Expert

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.

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
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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^*

GOULD FREDRIC H

(Last) (First) (Middle)

60 CUTTER MILL ROAD

SUITE 303

(Street)

GREAT NECK NY 11021

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BRT Apartments Corp. [ BRT ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/09/2025

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	09/09/2025		P		4,154	A	$15.8279(1)	14,166	I	By spouse(5)
Common Stock								2,468	I	As custodian(6)
Common Stock	09/09/2025		P		8,265	A	$15.8279(1)	457,699.012(4)	D
Common Stock								11,500	I	By trust(7)
Common Stock	09/10/2025		P		6,891	A	$15.9582(2)	21,057	I	By spouse(5)
Common Stock	09/10/2025		P		8,758	A	$15.9582(2)	466,457.012(4)	D
Common Stock	09/11/2025		P		1,977	A	$16.416(3)	23,034	I	By spouse(5)
Common Stock	09/11/2025		P		1,555	A	$16.416(3)	468,012.012(4)	D

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. 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.

2. 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.

3. 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.

4. Includes shares obtained through issuer's dividend reinvestment plan.

5. Reporting person disclaims any beneficial interest in these shares.

6. Reporting person is custodian of these shares for a minor. Reporting person disclaims any benefiical interest in these shares.

7. Reporting person is the trustee of a trust of which the beneficiary is his spouse.

Remarks:

	/s/ Fredric H. Gould by Isaac Kalish, his attorney in fact	09/11/2025
	** 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 trades did Fredric H. Gould report on Form 4 for BRT?

The Form 4 reports open-market purchases on 09/09/2025, 09/10/2025 and 09/11/2025 totaling 31,600 shares.

At what prices were the BRT shares purchased by the director?

The filing lists weighted-average prices of $15.8279, $15.9582 and $16.416; execution price ranges for individual trades are also disclosed in the explanations.

How many BRT shares does the reporting person beneficially own after these transactions?

The Form 4 shows beneficial ownership figures up to 468,012.012 shares, which the filing notes include shares from the issuer’s dividend reinvestment plan.

Did the filer disclose any indirect holdings or disclaim beneficial interest?

Yes. The filer disclaims beneficial interest in certain spousal and custodial-held shares and identifies holdings by trust and custodian.

Is there an offer to provide further trade details?

Yes. The reporting person states they will provide full information on the number of shares and prices upon request to the SEC staff, the issuer or a security holder.