Bank of America reveals 5% stake in Franklin Street Properties (NYSE: FSP)

Rhea-AI Filing Summary

Bank of America Corporation has filed an amended Schedule 13G reporting a passive ownership stake in Franklin Street Properties Corp. common stock. As of the event date, it beneficially owned 5,192,758 shares, representing 5.0% of the outstanding common stock.

Bank of America reports no sole voting or dispositive power over the shares, with all authority held on a shared basis. The filing states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Franklin Street Properties.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

FRANKLIN STREET PROPERTIES CORP /MA/

(Name of Issuer)

Common Stock

(Title of Class of Securities)

35471R106

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 35471R106

1

Names of Reporting Persons

BANK OF AMERICA CORP /DE/

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,192,008.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,192,758.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,192,758.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.0 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: The beneficial ownership calculation relies on the 103,690,340 outstanding shares disclosed in the Form 10-Q by the issuer on October 28, 2025, which reports share totals as of October 23, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FRANKLIN STREET PROPERTIES CORP /MA/
(b)	Address of issuer's principal executive offices: 401 EDGEWATER PLACE, WAKEFIELD, MASSACHUSETTS, 01880.
Item 2.
(a)	Name of person filing: BANK OF AMERICA CORP /DE/
(b)	Address or principal business office or, if none, residence: 100 N TRYON ST CHARLOTTE, NC 28255
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 35471R106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 5,192,758.00
(b)	Percent of class: 5.0%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0.00
	(ii) Shared power to vote or to direct the vote: 5,192,008.00
	(iii) Sole power to dispose or to direct the disposition of: 0.00
	(iv) Shared power to dispose or to direct the disposition of: 5,192,758.00
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. This statement on Schedule 13G is being filed by Bank of America Corporation on behalf of itself and its wholly owned subsidiaries BofA Securities, Inc., a broker dealer registered under section 15 of the Act (15 U.S.C. 78o); Bank of America N.A., a bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); Merrill Lynch Pierce Fenner & Smith, Inc., a broker dealer registered under section 15 of the Act (15 U.S.C. 78o); Merrill Lynch International, a non-U.S. institution in accordance with section 240.13d-1(b)(1)(ii)(J).
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BANK OF AMERICA CORP /DE/

Signature:	/s/ Andres Ortiz
Name/Title:	Authorized Signatory
Date:	02/11/2026

FAQ

What does Bank of America’s Schedule 13G/A filing mean for FSP?

The filing shows Bank of America owns 5.0% of FSP’s common stock as a passive investor. It reports 5,192,758 shares beneficially owned, acquired in the ordinary course of business, with no intent to change or influence control of Franklin Street Properties.

How many Franklin Street Properties (FSP) shares does Bank of America own?

Bank of America reports beneficial ownership of 5,192,758 Franklin Street Properties common shares. This stake represents 5.0% of the class, based on 103,690,340 shares outstanding referenced from the issuer’s Form 10-Q share count as of October 23, 2025.

What percentage of Franklin Street Properties’ stock is held by Bank of America?

Bank of America reports owning 5.0% of Franklin Street Properties’ common stock. The percentage is calculated using 103,690,340 outstanding shares disclosed by the issuer, making Bank of America a 5% beneficial owner under SEC rules for Schedule 13G reporting.

Is Bank of America an active or passive investor in FSP according to this filing?

According to the certification, Bank of America holds FSP shares in the ordinary course of business and not to change or influence control. This language characterizes the position as a passive investment, consistent with the use of Schedule 13G rather than Schedule 13D.

How is voting power over FSP shares allocated for Bank of America?

The filing states Bank of America has no sole voting power over FSP shares and shared voting power over 5,192,008 shares. It also reports shared dispositive power over 5,192,758 shares, meaning voting and sale decisions are exercised jointly through affiliated entities.

Which Bank of America subsidiaries are involved in holding FSP shares?

The statement is filed by Bank of America Corporation on behalf of itself and wholly owned subsidiaries, including BofA Securities, Inc., Bank of America N.A., Merrill Lynch Pierce Fenner & Smith, Inc., and Merrill Lynch International. These entities collectively hold and manage the reported FSP position.