BRT (BRT) Insider Transactions: Purchases on 08/11–08/12 and Large Disposition

Rhea-AI Filing Summary

Matthew J. Gould, a director and senior vice president of BRT Apartments Corp. (BRT), reported transactions changing his beneficial ownership. The filing shows purchases of 4,478 shares on 08/11/2025 at a weighted average price of $14.9396 and 3,468 shares on 08/12/2025 at a weighted average price of $14.9637, increasing the beneficial position held by Gould Investors L.P. to 4,040,400.3592 shares.

The Form also lists a disposition of 498,439.338 shares (footnote present; no date shown in that row) and several indirect holdings across entities: Gould Family Trust (0.575 shares), Gould Shenfeld Family Foundation (24,508.303 shares), BRT Apartments Corp. Pension Trust (20,874 shares), and 130 Store Company LLC (30,277.015 shares). Explanatory notes state many shares were acquired through the issuer's dividend reinvestment plan and that the reporting person acts as trustee or manager for the listed entities, disclaiming pecuniary interest where noted.

Positive

• Insider purchases recorded: 4,478 shares on 08/11/2025 at a weighted average of $14.9396 and 3,468 shares on 08/12/2025 at $14.9637.
• Substantial ongoing indirect ownership: Gould Investors L.P. beneficially holds 4,040,400.3592 shares following the reported purchases.
• Transparency on trade details: Filings include weighted-average price ranges and an offer to provide trade-by-trade information upon request.

Negative

• Large disposition reported: The Form lists a disposition of 498,439.338 shares (footnote present) with no date or price provided in that row.
• Significant portion of holdings indirect: Many shares are held through trusts and entities and the reporting person disclaims pecuniary interest for some positions, which may limit direct economic exposure.

Insights

Financial Analyst

TL;DR: Insider reported modest buys on 08/11–08/12 and a large disclosed disposition; total indirect holdings remain above 4.04 million shares.

Detail: The purchases on 08/11/2025 (4,478 shares at $14.9396 weighted average) and 08/12/2025 (3,468 shares at $14.9637 weighted average) are explicit and increased Gould Investors L.P.'s reported beneficial holdings to 4,040,400.3592 shares. The filing also shows a 498,439.338-share disposition (footnote present) but provides no date or price in that row. From an analytical standpoint, the purchases are small in absolute dollar terms relative to total reported indirect holdings; the large disposition is material in absolute share count but the filing shows the reporting person continues to have substantial indirect ownership.

Corporate Governance Expert

TL;DR: Reporting person holds roles across multiple entities and discloses indirect ownership and disclaimers; many shares originate from dividend reinvestment.

Detail: The report specifies the reporting person is trustee or manager for multiple entities (Gould Family Trust, Gould Shenfeld Family Foundation, BRT Apartments Corp. Pension Trust, 130 Store Company LLC, and Gould Investors L.P.). Explanatory notes explicitly state shares include those acquired through the issuer's dividend reinvestment plan and that the reporting person disclaims pecuniary interest where applicable. These governance disclosures clarify the nature of beneficial ownership and potential limitations on direct control over certain shares.

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^*

GOULD MATTHEW J

(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
X	Officer (give title below)		Other (specify below)
	SENIOR VICE PRESIDENT

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025

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								0.575(1)	I	By Gould Family Trust(2)
Common Stock								24,508.303(1)	I	By Gould Shenfeld Family Foundation(3)
Common Stock								20,874	I	By BRT Apartments Corp. Pension Trust(4)
Common Stock								30,277.015(1)	I	By 130 Store Company LLC(5)
Common Stock								498,439.338(1)	D
Common Stock	08/11/2025		P		4,478	A	$14.9396(7)	4,036,932.3592(1)	I	By Gould Investors L.P.(6)
Common Stock	08/12/2025		P		3,468	A	$14.9637(8)	4,040,400.3592(1)	I	By Gould Investors L.P.(6)

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. Includes shares acquired through issuer's dividend reinvestment plan.

2. Reporting person is a trustee of the Gould Family Trust, which owns these shares. Includes shares acquired through issuer's dividend investment plan.

3. Reporting person is a trustee of the Gould Shenfeld Family Foundation. Includes shares acquired through issuer's dividend investment plan.

4. Reporting person is a trustee of BRT Apartments Corp. Pension Trust, which owns these shares.

5. Reporting person is a manager of 130 Store Company LLC. Reporting person disclaims a beneficial ownership of these securities to the extent he does not have a pecuniary interest therein.

6. Reporting person is an officer of the managing general partner of Gould Investors L.P. These shares represent all shares of the issuer owned by Gould Investors L.P., including shares in which the reporting person does not have a pecuniary interest. Includes shares obtained through issuer's dividend reinvestment plan.

7. This transaction was executed in multiple trades at prices ranging from $14.86 to $14.9396. 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.

8. This transaction was executed in multiple trades at prices ranging from $14.895 to $14.99. 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.

Remarks:

	/s/ Matthew J. Gould by Isaac Kalish, his attorney in fact	08/13/2025
	** 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 transactions did Matthew J. Gould report for BRT (BRT)?

The report shows purchases of 4,478 shares on 08/11/2025 at $14.9396 (weighted avg) and 3,468 shares on 08/12/2025 at $14.9637 (weighted avg).

Did the Form 4 show any share dispositions by Matthew J. Gould?

Yes. The Form lists a disposition of 498,439.338 shares (footnote 1). The disposition row does not show a date or price in the provided table.

How many shares does Gould Investors L.P. beneficially own after the reported trades?

Following the reported purchases, Gould Investors L.P. is shown as beneficially owning 4,040,400.3592 shares.

Which entities hold shares indirectly through the reporting person?

Indirect holdings are listed for the Gould Family Trust (0.575 shares), Gould Shenfeld Family Foundation (24,508.303 shares), BRT Apartments Corp. Pension Trust (20,874 shares), and 130 Store Company LLC (30,277.015 shares).

Are any shares reported as acquired via dividend reinvestment?

Yes. Explanatory notes state several share amounts include shares acquired through the issuer's dividend reinvestment plan.