Franklin BSP Realty Trust (FBRT) director adds 4,000 shares in open-market buys

Rhea-AI Filing Summary

Franklin BSP Realty Trust director Buford H. Ortale reported open-market purchases of the company’s common stock. He bought 2,000 shares on February 18, 2026 at $8.765 per share and 2,000 shares on February 17, 2026 at $8.88 per share, totaling 4,000 shares.

After these transactions, his directly held stake increased to 51,851 common shares. He also reports 3,000 shares held indirectly by a family trust for which his spouse is trustee, while expressly disclaiming beneficial ownership of those trust-held securities.

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
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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 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)
02/17/2026

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	02/17/2026		P		2,000	A	$8.88	49,851	D
Common Stock	02/18/2026		P		2,000	A	$8.765	51,851	D
Common Stock								3,000	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: Micah Goodman, Attorney-in-Fact	02/19/2026
	** 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.

FAQ

What insider transactions did FBRT director Buford H. Ortale report?

Buford H. Ortale reported buying 4,000 shares of Franklin BSP Realty Trust common stock in open-market transactions. These purchases occurred over two days and increased his directly owned holdings in the company.

At what prices did Buford H. Ortale buy FBRT shares?

He bought 2,000 Franklin BSP Realty Trust shares at $8.765 per share and another 2,000 shares at $8.88 per share. Both transactions were reported as open-market purchases of common stock.

How many FBRT shares does Buford H. Ortale own after these purchases?

Following the reported transactions, Buford H. Ortale directly owns 51,851 shares of Franklin BSP Realty Trust common stock. This figure reflects his direct holdings after completing the two open-market purchases disclosed.

What is the total share amount of Buford H. Ortale’s recent FBRT purchases?

The Form 4 shows that Buford H. Ortale purchased a total of 4,000 Franklin BSP Realty Trust common shares. This consisted of two separate 2,000-share open-market transactions on consecutive days in February 2026.

Does Buford H. Ortale report any indirect ownership of FBRT shares?

He reports 3,000 Franklin BSP Realty Trust shares held indirectly through a family trust where his spouse is trustee. He disclaims beneficial ownership of these securities, stating the report does not admit him as their beneficial owner.

Were any FBRT shares sold in this Form 4 filing?

No sales were reported in this Form 4. The filing only shows net buying activity, specifically two open-market purchases totaling 4,000 shares of Franklin BSP Realty Trust common stock by the reporting person.