Clarion Partners RE Fund: affiliate Franklin Templeton sold 441,696.113 shares

What happened

• Franklin Templeton Inc., an affiliate of the investment adviser, sold 441,696.113 Class I shares at $11.32 on Oct 19, 2026, for $5,000,000.

Key details

• Transaction date and price: Oct 19, 2026; sale at $11.32 per share (code S; open market or private sale).
• Shares owned after the transaction: the filing reports aggregate ownership of 4,661,961.388 shares across four classes (93,328.969 Class S; 5,232.408 Class T; 5,250.651 Class D; 4,558,149.360 Class I). Based on those numbers, after selling 441,696.113 Class I shares, Class I holdings would be 4,116,453.247 and aggregate holdings would be 4,220,265.275.
• Footnotes: F1 indicates Class I shares; F2 details the aggregate and per-class holdings; F3 references limited powers of attorney for section 13 and 16 reporting obligations (incorporated by reference to Form 4 filed Jan 16, 2026).
• Filing timeliness: no late filing indicated.

Why it may matter

• This was a sale in the market (open market or private sale), not an options exercise or a gift.
• The seller is an affiliate of the investment adviser and is reported as holding multiple share classes, including a large Class I position.
• A filing does not show why the insider traded or why the company acted.