Franklin BSP Realty Trust director buys 871 common shares

The transaction descriptions identify the purchases as open-market or private transactions.

Available on EDGAR 11/04/2026 - 04:31 PM EST Accepted by SEC EDGAR 11/04/2026 - 04:30 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Franklin BSP Realty Trust, Inc. director Buford H. Ortale directly purchased 871 common shares at $5.96 per share on November 2, 2026, and 147 shares of 7.50% Series E Cumulative Redeemable Preferred Stock at $17.07 per share. On November 3, he purchased another 1,046 preferred shares at $17.25 per share. After the common-stock purchase, he held 67,228 common shares directly.

Separately reported holdings as of November 2 included 28,900 common shares and 19,597 preferred shares held by Sewanee Vero LLC, a family trust of which Ortale’s spouse is trustee. Ortale disclaims beneficial ownership of those securities.

Insider Trade Summary

Net Buyer: 2,064 shares

Net Buy 3 txns

Insider ORTALE BUFORD H

Role Director

Bought 2,064 shs ($26K)

Type	Security	Shares	Price	Value
Purchase	7.50% Series E Cumulative Redeemable Preferred Stock	1,046	$17.25	$18K
Purchase	Common Stock	871	$5.96	$5K
Purchase	7.50% Series E Cumulative Redeemable Preferred Stock	147	$17.07	$3K
Holding	Common Stock F1	--	--	--
Holding	7.50% Series E Cumulative Redeemable Preferred Stock F1	--	--	--

Holdings After Transaction: Common Stock — 67,228 shares (Direct); 7.50% Series E Cumulative Redeemable Preferred Stock — 3,193 shares (Direct); Common Stock — 28,900 shares (Indirect, By Trust); 7.50% Series E Cumulative Redeemable Preferred Stock — 19,597 shares (Indirect, By Trust)

Holdings Before and After: Common Stock, 66,357 to 67,228 shares (Direct); 7.50% Series E Cumulative Redeemable Preferred Stock, 2,000 to 3,193 shares (Direct)

Footnotes (1)

1. F1. Represents shares held by Sewanee Vero LLC, a family trust of which the reporting person's spouse is trustee. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

Key Figures

Common shares purchased: 871 shares Common-share purchase price: $5.96 per share Direct common shares after purchase: 67,228 shares +5 more

8 metrics

Common shares purchased 871 shares Direct purchase on November 2, 2026

Common-share purchase price $5.96 per share Purchase on November 2, 2026

Direct common shares after purchase 67,228 shares Following the November 2, 2026 purchase

Series E preferred shares purchased 147 shares Direct purchase on November 2, 2026

Series E preferred-share purchase price $17.07 per share Purchase on November 2, 2026

Series E preferred shares purchased 1,046 shares Direct purchase on November 3, 2026

Series E preferred-share purchase price $17.25 per share Purchase on November 3, 2026

Trust-held common shares 28,900 shares Held by Sewanee Vero LLC as of November 2, 2026

Key Terms

Cumulative Redeemable Preferred Stock, beneficial ownership, Section 16

3 terms

Cumulative Redeemable Preferred Stock financial

"7.50% Series E Cumulative Redeemable Preferred Stock"

Cumulative redeemable preferred stock is a type of investment that gives shareholders priority over common stockholders to receive dividends and get their money back if the company is sold or closes. If the company misses dividend payments, it must pay them later before any dividends can go to other shareholders. This makes it a more secure and flexible option for investors seeking steady income with some ability to redeem their shares in the future.

beneficial ownership regulatory

"disclaims beneficial ownership of these securities"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Section 16 regulatory

"for purposes of Section 16 or for any other purpose"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

FAQ

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

What FBRT shares did director Buford H. Ortale buy?

Director Buford H. Ortale directly purchased 871 common shares at $5.96 per share on November 2, 2026, and 147 Series E preferred shares at $17.07 per share that day. On November 3, he purchased another 1,046 preferred shares at $17.25 per share. The transaction descriptions identify the purchases as open-market or private transactions.

Who holds the FBRT shares reported through Ortale’s family trust?

The reported trust holdings are held by Sewanee Vero LLC, a family trust of which Ortale’s spouse is trustee. Ortale disclaims beneficial ownership of those securities, and the report states that it is not an admission of beneficial ownership for Section 16 or any other purpose.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

ORTALE BUFORD H

(Last) (First) (Middle)

C/O FRANKLIN BSP REALTY TRUST, INC.

ONE MADISON AVENUE, SUITE 1600

(Street)

NEW YORK NEW YORK 10010

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	11/02/2026		P		871	A	$5.96	67,228	D
7.50% Series E Cumulative Redeemable Preferred Stock	11/02/2026		P		147	A	$17.07	2,147	D
7.50% Series E Cumulative Redeemable Preferred Stock	11/03/2026		P		1,046	A	$17.25	3,193	D
Common Stock								28,900	I	By Trust(1)
7.50% Series E Cumulative Redeemable Preferred Stock								19,597	I	By Trust(1)

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. Represents shares held by Sewanee Vero LLC, a family trust of which the reporting person's spouse is trustee. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

	/s/ Buford H. Ortale, By: Michael McTiernan, Attorney-in-Fact	11/04/2026
	** 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 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.
* Form 4: SEC 1474 (03-26)