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[8-K/A] Franklin BSP Realty Trust, Inc. Amends Material Event Report

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Form Type
8-K/A
Rhea-AI Filing Summary

Viavi Solutions Inc. (VIAV) has filed a Form 144 disclosing that former CEO and current chairman Richard E. Belluzzo intends to sell 8,385 common shares through Morgan Stanley on or after 01 Aug 2025. Based on the form’s stated market value of $81,500, the proposed sale equals roughly 0.0038 % of the 223.2 million shares outstanding, making the transaction immaterial to the public float.

The notice also details Belluzzo’s recent trading history: over the past three months he sold 25,155 shares in seven trades, yielding approximately $234.8 k in gross proceeds. All shares derive from restricted stock granted on 22 Feb 2017; no cash was paid at acquisition.

The filing contains no financial results, guidance, or operational updates. Form 144 merely signals an intention to sell and does not guarantee execution or imply new information about Viavi’s fundamentals.

Viavi Solutions Inc. (VIAV) ha presentato un Modulo 144 comunicando che l'ex CEO e attuale presidente Richard E. Belluzzo ha intenzione di vendere 8.385 azioni ordinarie tramite Morgan Stanley a partire dal 01 agosto 2025. In base al valore di mercato indicato nel modulo di 81.500 $, la vendita proposta rappresenta circa lo 0,0038% delle 223,2 milioni di azioni in circolazione, rendendo la transazione irrilevante rispetto al flottante pubblico.

La comunicazione riporta anche la recente attività di trading di Belluzzo: negli ultimi tre mesi ha venduto 25.155 azioni in sette operazioni, ottenendo circa 234,8 mila $ di ricavi lordi. Tutte le azioni provengono da azioni vincolate assegnate il 22 febbraio 2017; non è stato pagato alcun importo in contanti all'acquisizione.

Il modulo non contiene risultati finanziari, previsioni o aggiornamenti operativi. Il Modulo 144 indica solo l'intenzione di vendere e non garantisce l'esecuzione né implica nuove informazioni sui fondamentali di Viavi.

Viavi Solutions Inc. (VIAV) ha presentado un Formulario 144 informando que el ex CEO y actual presidente Richard E. Belluzzo tiene la intención de vender 8,385 acciones ordinarias a través de Morgan Stanley a partir del 01 de agosto de 2025. Según el valor de mercado declarado en el formulario de 81,500 $, la venta propuesta equivale aproximadamente al 0.0038 % de las 223.2 millones de acciones en circulación, haciendo que la transacción sea insignificante para el flotante público.

El aviso también detalla el historial reciente de operaciones de Belluzzo: en los últimos tres meses vendió 25,155 acciones en siete transacciones, obteniendo aproximadamente 234.8 mil $ en ingresos brutos. Todas las acciones provienen de acciones restringidas otorgadas el 22 de febrero de 2017; no se pagó efectivo en la adquisición.

El formulario no contiene resultados financieros, pronósticos ni actualizaciones operativas. El Formulario 144 solo señala la intención de vender y no garantiza la ejecución ni implica nueva información sobre los fundamentos de Viavi.

Viavi Solutions Inc. (VIAV)는 전 CEO이자 현 회장인 Richard E. Belluzzo가 2025년 8월 1일 이후 Morgan Stanley를 통해 8,385 보통주를 매각할 계획임을 알리는 Form 144를 제출했습니다. 양식에 명시된 시장 가치 $81,500를 기준으로 제안된 매각은 발행주식 2억 2,320만 주의 약 0.0038%에 해당하여 공공 유통 주식에는 미미한 거래입니다.

통지서에는 Belluzzo의 최근 거래 내역도 포함되어 있습니다: 지난 3개월 동안 7건의 거래에서 25,155 주를 매도하여 약 $234,800의 총 수익을 올렸습니다. 모든 주식은 2017년 2월 22일에 부여된 제한 주식에서 비롯되었으며, 취득 시 현금 지급은 없었습니다.

이 제출 서류에는 재무 결과, 가이던스 또는 운영 업데이트가 포함되어 있지 않습니다. Form 144는 단지 매각 의도를 알리는 것이며, 실행 보장이나 Viavi의 기본 사항에 대한 새로운 정보를 의미하지 않습니다.

Viavi Solutions Inc. (VIAV) a déposé un formulaire 144 indiquant que l'ancien PDG et actuel président Richard E. Belluzzo a l'intention de vendre 8 385 actions ordinaires via Morgan Stanley à partir du 1er août 2025. Sur la base de la valeur marchande indiquée dans le formulaire de 81 500 $, la vente proposée représente environ 0,0038 % des 223,2 millions d'actions en circulation, rendant la transaction insignifiante pour le flottant public.

L'avis détaille également l'historique récent des transactions de Belluzzo : au cours des trois derniers mois, il a vendu 25 155 actions en sept opérations, générant environ 234,8 k$ de produits bruts. Toutes les actions proviennent d'actions restreintes attribuées le 22 février 2017 ; aucun paiement en espèces n'a été effectué lors de l'acquisition.

Le dépôt ne contient aucun résultat financier, prévisions ou mises à jour opérationnelles. Le formulaire 144 signale uniquement une intention de vente et ne garantit pas l'exécution ni n'implique de nouvelles informations sur les fondamentaux de Viavi.

Viavi Solutions Inc. (VIAV) hat ein Formular 144 eingereicht, in dem der ehemalige CEO und derzeitige Vorsitzende Richard E. Belluzzo beabsichtigt, 8.385 Stammaktien über Morgan Stanley am oder nach dem 01. August 2025 zu verkaufen. Basierend auf dem im Formular angegebenen Marktwert von 81.500 $ entspricht der geplante Verkauf etwa 0,0038 % der 223,2 Millionen ausstehenden Aktien, wodurch die Transaktion für den Streubesitz unerheblich ist.

Die Mitteilung enthält auch Belluzzos jüngste Handelsaktivitäten: In den letzten drei Monaten verkaufte er 25.155 Aktien in sieben Transaktionen und erzielte dabei etwa 234,8 Tsd. $ Bruttoerlös. Alle Aktien stammen aus eingeschränkten Aktien, die am 22. Februar 2017 gewährt wurden; beim Erwerb wurde kein Bargeld gezahlt.

Die Einreichung enthält keine Finanzergebnisse, Prognosen oder operative Updates. Formular 144 signalisiert lediglich die Verkaufsabsicht und garantiert weder die Ausführung noch impliziert es neue Informationen über die fundamentalen Daten von Viavi.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Small insider sale (0.0038 % float); neutral for valuation.

Belluzzo’s potential $81 k sale is negligible relative to VIAV’s market capitalization and follows modest selling activity earlier this quarter. There is no accompanying business disclosure, so the filing neither strengthens nor weakens the investment thesis. Insider selling can sometimes foreshadow caution, but the size and frequency here appear consistent with routine diversification. I see no material impact on earnings, liquidity, or share supply.

TL;DR: Routine Rule 144 notice; governance implications minimal.

The company continues to follow proper disclosure protocols. All sales are aggregated as required, and the representation that no undisclosed adverse information exists aligns with best-practice compliance. The limited share count and transparent broker arrangement suggest standard portfolio management rather than a strategic exit. Governance risk remains unchanged.

Viavi Solutions Inc. (VIAV) ha presentato un Modulo 144 comunicando che l'ex CEO e attuale presidente Richard E. Belluzzo ha intenzione di vendere 8.385 azioni ordinarie tramite Morgan Stanley a partire dal 01 agosto 2025. In base al valore di mercato indicato nel modulo di 81.500 $, la vendita proposta rappresenta circa lo 0,0038% delle 223,2 milioni di azioni in circolazione, rendendo la transazione irrilevante rispetto al flottante pubblico.

La comunicazione riporta anche la recente attività di trading di Belluzzo: negli ultimi tre mesi ha venduto 25.155 azioni in sette operazioni, ottenendo circa 234,8 mila $ di ricavi lordi. Tutte le azioni provengono da azioni vincolate assegnate il 22 febbraio 2017; non è stato pagato alcun importo in contanti all'acquisizione.

Il modulo non contiene risultati finanziari, previsioni o aggiornamenti operativi. Il Modulo 144 indica solo l'intenzione di vendere e non garantisce l'esecuzione né implica nuove informazioni sui fondamentali di Viavi.

Viavi Solutions Inc. (VIAV) ha presentado un Formulario 144 informando que el ex CEO y actual presidente Richard E. Belluzzo tiene la intención de vender 8,385 acciones ordinarias a través de Morgan Stanley a partir del 01 de agosto de 2025. Según el valor de mercado declarado en el formulario de 81,500 $, la venta propuesta equivale aproximadamente al 0.0038 % de las 223.2 millones de acciones en circulación, haciendo que la transacción sea insignificante para el flotante público.

El aviso también detalla el historial reciente de operaciones de Belluzzo: en los últimos tres meses vendió 25,155 acciones en siete transacciones, obteniendo aproximadamente 234.8 mil $ en ingresos brutos. Todas las acciones provienen de acciones restringidas otorgadas el 22 de febrero de 2017; no se pagó efectivo en la adquisición.

El formulario no contiene resultados financieros, pronósticos ni actualizaciones operativas. El Formulario 144 solo señala la intención de vender y no garantiza la ejecución ni implica nueva información sobre los fundamentos de Viavi.

Viavi Solutions Inc. (VIAV)는 전 CEO이자 현 회장인 Richard E. Belluzzo가 2025년 8월 1일 이후 Morgan Stanley를 통해 8,385 보통주를 매각할 계획임을 알리는 Form 144를 제출했습니다. 양식에 명시된 시장 가치 $81,500를 기준으로 제안된 매각은 발행주식 2억 2,320만 주의 약 0.0038%에 해당하여 공공 유통 주식에는 미미한 거래입니다.

통지서에는 Belluzzo의 최근 거래 내역도 포함되어 있습니다: 지난 3개월 동안 7건의 거래에서 25,155 주를 매도하여 약 $234,800의 총 수익을 올렸습니다. 모든 주식은 2017년 2월 22일에 부여된 제한 주식에서 비롯되었으며, 취득 시 현금 지급은 없었습니다.

이 제출 서류에는 재무 결과, 가이던스 또는 운영 업데이트가 포함되어 있지 않습니다. Form 144는 단지 매각 의도를 알리는 것이며, 실행 보장이나 Viavi의 기본 사항에 대한 새로운 정보를 의미하지 않습니다.

Viavi Solutions Inc. (VIAV) a déposé un formulaire 144 indiquant que l'ancien PDG et actuel président Richard E. Belluzzo a l'intention de vendre 8 385 actions ordinaires via Morgan Stanley à partir du 1er août 2025. Sur la base de la valeur marchande indiquée dans le formulaire de 81 500 $, la vente proposée représente environ 0,0038 % des 223,2 millions d'actions en circulation, rendant la transaction insignifiante pour le flottant public.

L'avis détaille également l'historique récent des transactions de Belluzzo : au cours des trois derniers mois, il a vendu 25 155 actions en sept opérations, générant environ 234,8 k$ de produits bruts. Toutes les actions proviennent d'actions restreintes attribuées le 22 février 2017 ; aucun paiement en espèces n'a été effectué lors de l'acquisition.

Le dépôt ne contient aucun résultat financier, prévisions ou mises à jour opérationnelles. Le formulaire 144 signale uniquement une intention de vente et ne garantit pas l'exécution ni n'implique de nouvelles informations sur les fondamentaux de Viavi.

Viavi Solutions Inc. (VIAV) hat ein Formular 144 eingereicht, in dem der ehemalige CEO und derzeitige Vorsitzende Richard E. Belluzzo beabsichtigt, 8.385 Stammaktien über Morgan Stanley am oder nach dem 01. August 2025 zu verkaufen. Basierend auf dem im Formular angegebenen Marktwert von 81.500 $ entspricht der geplante Verkauf etwa 0,0038 % der 223,2 Millionen ausstehenden Aktien, wodurch die Transaktion für den Streubesitz unerheblich ist.

Die Mitteilung enthält auch Belluzzos jüngste Handelsaktivitäten: In den letzten drei Monaten verkaufte er 25.155 Aktien in sieben Transaktionen und erzielte dabei etwa 234,8 Tsd. $ Bruttoerlös. Alle Aktien stammen aus eingeschränkten Aktien, die am 22. Februar 2017 gewährt wurden; beim Erwerb wurde kein Bargeld gezahlt.

Die Einreichung enthält keine Finanzergebnisse, Prognosen oder operative Updates. Formular 144 signalisiert lediglich die Verkaufsabsicht und garantiert weder die Ausführung noch impliziert es neue Informationen über die fundamentalen Daten von Viavi.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K/A

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): July 1, 2025

 

Franklin BSP Realty Trust, Inc.

(Exact Name of Registrant as Specified in Its Charter)

 

Maryland 001-40923 46-1406086
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation)    Identification No.) 

 

1 Madison Ave., Suite 1600

New York, New York 10010

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: (212) 588-6770

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading
Symbol(s)
Name of each exchange on which
registered
Common Stock, par value $0.01 per share FBRT New York Stock Exchange
7.50% Series E Cumulative Redeemable Preferred Stock, par value $0.01 per share FBRT PRE New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

Explanatory Note

 

On July 1, 2025, Franklin BSP Realty Trust, Inc. (the "Company") filed a Current Report on Form 8-K (the “Original Form 8-K) with the U.S. Securities and Exchange Commission (the "SEC"), in connection with the consummation on July 1, 2025, of the previously announced purchase of all of the issued and outstanding membership interests and units of NewPoint Holdings JV LLC ("NewPoint") by FBRT OP LLC ("Purchaser OP"), a consolidated subsidiary of the Company, and FBRT Sub REIT TRS LLC, also a consolidated subsidiary of the Company (together with Purchaser OP, "Purchaser"). On July 30, 2025, the Company filed a Current Report on Form 8-K/A to amend the Original Form 8-K to provide financial statements in accordance with the requirements of Item 9.01 of Form 8-K.This Current Report on Form 8-K/A is being filed to amend the Original Form 8-K to provide the pro forma financial information described below, in accordance with the requirements of Item 9.01 of Form 8-K.

 

Item 9.01.Financial Statements and Exhibits.

 

  (b)  

Pro forma financial information.

 

The pro forma financial statements required by Item 9.01(b) of Form 8-K in connection with the acquisition of NewPoint are filed as Exhibit 99.4 and incorporated herein by reference.

 

  (d) Exhibits.

  

EXHIBIT INDEX

 

Exhibit    
No.   Description
99.4   Unaudited pro forma condensed combined financial information of Franklin BSP Realty Trust, Inc. as of June 30, 2025 and for the six months ended June 30, 2025 and year ended December 31, 2024.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  FRANKLIN BSP REALTY TRUST, INC.
   
  By: /s/ Jerome S. Baglien
  Name:  Jerome S. Baglien
  Title: Chief Financial Officer and Chief Operating Officer

 

Date: August 1, 2025

 

 

 

FAQ

How many Viavi (VIAV) shares does Richard E. Belluzzo plan to sell?

The Form 144 lists 8,385 common shares for potential sale.

What is the dollar value of the proposed insider sale?

At the disclosed market price, the sale is valued at approximately $81,500.

What percentage of Viavi’s outstanding shares does the sale represent?

About 0.0038 % of the company’s 223,236,654 shares outstanding.

Has the insider sold Viavi stock recently?

Yes. Over the past three months Belluzzo sold 25,155 shares for roughly $234.8 k in gross proceeds.

Does the Form 144 filing indicate any change in Viavi’s business outlook?

No. A Form 144 only discloses an intent to sell shares and provides no operational or financial guidance.
Franklin Bsp Rlty Tr Inc

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