FBRT president reports 216,081 shares in Form 3

Franklin BSP Realty Trust, Inc. President Brian Buffone filed an initial ownership report showing beneficial ownership of 216,081 shares of common stock.

Rhea-AI Filing Summary

Franklin BSP Realty Trust, Inc. President Brian Buffone filed an initial ownership report showing beneficial ownership of 216,081 shares of common stock. This amount includes 97,238 unvested restricted stock units granted under the 2021 Equity Incentive Plan, which vest annually in three tranches through 2029, with one share of common stock issued for each RSU upon vesting.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Buffone Brian

Role President

Type	Security	Shares	Price	Value
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 216,081 shares (Direct)

Footnotes (1)

1. F1. Includes 97,238 unvested restricted stock units ("RSUs") granted pursuant to the Issuer's 2021 Equity Incentive Plan. The RSUs vest in equal annual installments beginning on the anniversary of the date of grant over a period of three years, subject to continued qualifying service, with 16,675 RSUs scheduled to vest in 2027, 30,433 RSUs scheduled to vest in 2028 and 50,130 RSUs scheduled to vest in 2029. One share of the Issuer's common stock will be issued for each RSU upon vesting.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 3 filing for FBRT disclose about Brian Buffone?

The Form 3 shows President Brian Buffone beneficially owns 216,081 FBRT common shares. This total includes both currently held stock and unvested restricted stock units granted under Franklin BSP Realty Trust’s 2021 Equity Incentive Plan.

How many unvested RSUs does FBRT President Brian Buffone hold?

Brian Buffone holds 97,238 unvested restricted stock units (RSUs). These RSUs were granted under FBRT’s 2021 Equity Incentive Plan and will convert into one share of Franklin BSP Realty Trust common stock for each RSU as they vest.

What is the vesting schedule for Brian Buffone’s FBRT RSUs?

Buffone’s 97,238 FBRT RSUs vest in equal annual installments over three years. The schedule includes 16,675 RSUs in 2027, 30,433 RSUs in 2028, and 50,130 RSUs in 2029, subject to continued qualifying service.

What equity plan governs Brian Buffone’s restricted stock units at FBRT?

His restricted stock units are granted under Franklin BSP Realty Trust’s 2021 Equity Incentive Plan. Each RSU represents a right to receive one share of FBRT common stock upon vesting, providing equity-based compensation tied to continued service.

Does Brian Buffone’s Form 3 show any FBRT stock purchases or sales?

The Form 3 is an initial ownership report and does not show any explicit stock purchases or sales. It discloses Buffone’s 216,081 shares of beneficial ownership, including unvested RSUs scheduled to vest between 2027 and 2029.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/20/2026 - 04:30 PM EST Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Buffone Brian

(Last) (First) (Middle)

C/O FRANKLIN BSP REALTY TRUST, INC.

ONE MADISON AVENUE, SUITE 1600

(Street)

NEW YORK NY 10010

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/10/2026

3. Issuer Name and Ticker or Trading Symbol
Franklin BSP Realty Trust, Inc. [ FBRT ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	216,081(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 97,238 unvested restricted stock units ("RSUs") granted pursuant to the Issuer's 2021 Equity Incentive Plan. The RSUs vest in equal annual installments beginning on the anniversary of the date of grant over a period of three years, subject to continued qualifying service, with 16,675 RSUs scheduled to vest in 2027, 30,433 RSUs scheduled to vest in 2028 and 50,130 RSUs scheduled to vest in 2029. One share of the Issuer's common stock will be issued for each RSU upon vesting.

Remarks:

Exhibit 24: Power of Attorney

	/s/ Brian Buffone, By: Micah Goodman, Attorney-in-Fact	02/20/2026
	** 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 5 (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.