Franklin BSP Realty Trust: family trust buys 162,600 shares

Available on EDGAR 11/05/2026 - 04:32 PM EST Accepted by SEC EDGAR 11/05/2026 - 04:30 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Franklin BSP Realty Trust, Inc. (FBRT) reported that a family trust for the benefit of members of Chairman and CEO Richard J. Byrne’s immediate family purchased 162,600 common shares on November 3, 2026, at a weighted average price of $6.14 per share; actual prices ranged from $6.00 to $6.18. The trust held 162,600 shares following the purchase. Byrne reported 476,725 shares held directly and disclaimed beneficial ownership of the trust shares except to the extent of his pecuniary interest. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Buyer: 162,600 shares

Net Buy 1 txn

Insider Byrne Richard J

Role Chairman and CEO

Bought 162,600 shs ($998K)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1, F2	162,600	$6.14	$998K
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 162,600 shares (Indirect, By Trust); Common Stock — 476,725 shares (Direct)

Holdings Before and After: Common Stock, 0 to 162,600 shares (Indirect, By Trust)

Other Insiders: 1 other insider reported open-market purchases of this stock in the 30 days up to this filing.

Footnotes (2)

1. F1. The price reported represents the weighted average purchase price of the shares acquired. The actual purchase prices ranged from $6.00 to $6.18. The reporting person has provided to the Issuer, and hereby undertakes to provide upon request by the U.S. Securities and Exchange Commission staff or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.
2. F2. Represents shares held by a family trust for the benefit of members of the reporting person's immediate family. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

Key Figures

Shares purchased: 162,600 common shares Weighted average purchase price: $6.14 per share Actual purchase-price range: $6.00 to $6.18 per share +2 more

5 metrics

Shares purchased 162,600 common shares Purchased by a family trust on November 3, 2026

Weighted average purchase price $6.14 per share Purchase on November 3, 2026

Actual purchase-price range $6.00 to $6.18 per share Purchase on November 3, 2026

Shares held by family trust following purchase 162,600 shares November 3, 2026

Shares held directly by Richard J. Byrne 476,725 shares November 3, 2026

Key Terms

weighted average purchase price, beneficial ownership, pecuniary interest

3 terms

weighted average purchase price financial

"The price reported represents the weighted average purchase price"

The weighted average purchase price is the average cost per share you paid across multiple buys, calculated so larger purchases count more than smaller ones. Imagine buying apples at different prices: the overall price you effectively paid depends on how many apples you bought at each price. Investors use it to measure true cost basis, calculate gains or losses, decide when to sell, and manage taxes and portfolio performance.

beneficial ownership regulatory

"The reporting person disclaims beneficial ownership"

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.

pecuniary interest regulatory

"except to the extent of his pecuniary interest therein"

FAQ

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

How many FBRT shares did Richard J. Byrne’s family trust buy?

A family trust for the benefit of members of Chairman and CEO Richard J. Byrne’s immediate family purchased 162,600 FBRT common shares on November 3, 2026, at a weighted average price of $6.14 per share. Actual purchase prices ranged from $6.00 to $6.18, and no Rule 10b5-1 plan is reported.

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^*

Byrne Richard J

(Last) (First) (Middle)

C/O FRANKLIN BSP REALTY TRUST, INC.

ONE MADISON AVE

(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
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/03/2026

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	11/03/2026		P		162,600	A	$6.14(1)	162,600	I	By Trust(2)
Common Stock								476,725	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. The price reported represents the weighted average purchase price of the shares acquired. The actual purchase prices ranged from $6.00 to $6.18. The reporting person has provided to the Issuer, and hereby undertakes to provide upon request by the U.S. Securities and Exchange Commission staff or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.

2. Represents shares held by a family trust for the benefit of members of the reporting person's immediate family. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

	/s/ Richard Byrne, By: Michael McTiernan, Attorney-in-Fact*	11/05/2026
	** 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)