Franklin BSP Realty Trust (FBRT) insider Form 4 shows stock sale

Rhea-AI Filing Summary

Franklin BSP Realty Trust, Inc. (FBRT) director reports stock sale. A company director filed a Form 4 reporting the sale of 1,500 shares of FBRT common stock on 11/21/2025. The shares were sold at a price of $9.997 per share. After this transaction, the director beneficially owns 45,926 shares of FBRT common stock in direct ownership.

Insider Trade Summary

Net Seller: 1,500 shares ($14,996)

Net Sell 1 txn

Insider McDonough Peter J

Role Director

Sold 1,500 shs ($15K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,500	$9.997	$15K

Holdings After Transaction: Common Stock — 45,926 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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^*

McDonough Peter J

(Last) (First) (Middle)

C/O FRANKLIN BSP REALTY TRUST, INC.

ONE MADISON AVENUE, SUITE 1600

(Street)

NEW YORK NY 10010

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
11/21/2025

4. 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 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	11/21/2025		S		1,500	D	$9.997	45,926	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:

	/s/ Peter J. McDonough	11/21/2025
	** 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.

FAQ

What insider transaction did FBRT report on this Form 4?

A director of Franklin BSP Realty Trust, Inc. (FBRT) reported selling 1,500 shares of common stock in an open-market transaction on 11/21/2025.

At what price were the FBRT shares sold in this insider transaction?

The director sold 1,500 FBRT common shares at a price of $9.997 per share.

How many FBRT shares does the reporting person own after the sale?

Following the reported transaction, the director beneficially owns 45,926 shares of Franklin BSP Realty Trust, Inc. common stock, held in direct ownership.

What is the relationship of the reporting person to Franklin BSP Realty Trust, Inc.?

The reporting person is listed as a Director of Franklin BSP Realty Trust, Inc. (FBRT) on the Form 4.

Does this FBRT Form 4 report any derivative securities transactions?

The Form 4 includes a blank Table II for derivative securities, indicating no reported derivative security transactions in this filing.

Was this FBRT insider transaction filed by more than one reporting person?

No. The filing indicates that the Form 4 was filed by one reporting person, not by a group.