Family trust tied to Franklin BSP Realty (NYSE: FBRT) director adds preferred and common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Franklin BSP Realty Trust, Inc. director-related entity Sewanee Vero LLC, a family trust associated with Buford H. Ortale, reported open-market purchases of both preferred and common stock. On June 15, 2026, the trust bought 3,697 shares of 7.50% Series E Cumulative Redeemable Preferred Stock at a weighted average price of $19.75 per share and 25,900 shares of common stock at a weighted average price of $8.44 per share. After these transactions, the trust held 19,597 Series E preferred shares and 28,900 common shares. Separate entries show Ortale with direct holdings of 2,000 Series E preferred shares and 66,357 common shares as of a prior date. A footnote explains that the trust is managed by Ortale’s spouse and that he disclaims beneficial ownership of the trust-held securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 39,597 shares ($491,612)
Net Buy
5 txns
Insider
ORTALE BUFORD H
Role
null
Bought
39,597 shs ($492K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 25,900 | $8.44 | $219K |
| Purchase | 7.50% Series E Cumulative Redeemable Preferred Stock | 3,697 | $19.75 | $73K |
| Purchase | 7.50% Series E Cumulative Redeemable Preferred Stock | 10,000 | $20.00 | $200K |
| holding | Common Stock | -- | -- | -- |
| holding | 7.50% Series E Cumulative Redeemable Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 28,900 shares (Indirect, By Trust);
7.50% Series E Cumulative Redeemable Preferred Stock — 19,597 shares (Indirect, By Trust);
Common Stock — 66,357 shares (Direct, null);
7.50% Series E Cumulative Redeemable Preferred Stock — 2,000 shares (Direct, null)
Footnotes (1)
- The price reported represents the weighted average purchase price of the shares acquired. The actual purchase prices ranged from $19.98 to $20.10. 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. 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. The price reported represents the weighted average purchase price of the shares acquired. The actual purchase prices ranged from $8.3918 to $8.4713. 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.
Key Figures
Preferred shares purchased: 3,697 shares
Preferred purchase price: $19.75/share
Common shares purchased: 25,900 shares
+5 more
8 metrics
Preferred shares purchased
3,697 shares
7.50% Series E preferred bought on June 15, 2026
Preferred purchase price
$19.75/share
Weighted average price; trades from $19.98 to $20.10
Common shares purchased
25,900 shares
Common stock bought on June 15, 2026
Common purchase price
$8.44/share
Weighted average price; trades from $8.3918 to $8.4713
Preferred shares held by trust
19,597 shares
Series E preferred indirect holdings after trades
Common shares held by trust
28,900 shares
Common stock indirect holdings after trades
Direct common shares
66,357 shares
Direct common stock holdings as of September 6, 2022
Direct preferred shares
2,000 shares
Direct Series E preferred holdings as of September 6, 2022
Key Terms
7.50% Series E Cumulative Redeemable Preferred Stock, weighted average purchase price, open-market purchase, family trust, +1 more
5 terms
7.50% Series E Cumulative Redeemable Preferred Stock financial
"security_title: "7.50% Series E Cumulative Redeemable Preferred Stock""
weighted average purchase price financial
"The price reported represents the weighted average purchase price of the shares acquired."
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.
open-market purchase financial
"transaction_action: "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
family trust financial
"Represents shares held by Sewanee Vero LLC, a family trust of which the reporting person's spouse is trustee."
disclaims beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission..."
FAQ
What insider purchases were reported for Franklin BSP Realty Trust (FBRT)?
A family trust associated with director Buford H. Ortale bought 3,697 Series E preferred shares at about $19.75 and 25,900 common shares at about $8.44 on June 15, 2026, in open-market transactions.
Were the FBRT insider transactions open-market purchases or something else?
The Form 4 classifies the June 15, 2026 transactions as open-market purchases, using transaction code “P.” This indicates the trust bought Franklin BSP Realty Trust preferred and common shares in market or private transactions rather than through option exercises or grants.
What direct FBRT holdings does Buford H. Ortale report separately from the trust?
Apart from the family trust’s indirect holdings, Buford H. Ortale reports direct ownership of 2,000 shares of 7.50% Series E preferred stock and 66,357 shares of Franklin BSP Realty Trust common stock, based on holding entries dated September 6, 2022.