ORTALE BUFORD H 4

What Happened

• H. Ortale Buford, a director of Franklin BSP Realty Trust (FBRT), made open-market purchases of the company's common stock: 2,000 shares on 2026-02-17 at $8.88 ($17,760) and 2,000 shares on 2026-02-18 at $8.77 ($17,530). Total purchased: 4,000 shares for about $35,290. These were purchases (transaction code P), which are typically interpreted as insider buying rather than selling.

Key Details

• Transaction dates and prices:
  • 2026-02-17: 2,000 shares @ $8.88 = $17,760
  • 2026-02-18: 2,000 shares @ $8.77 = $17,530
• Total acquired: 4,000 shares; aggregate cost ≈ $35,290.
• Shares owned after transaction: not disclosed in this Form 4 filing.
• Footnote: F1 indicates certain shares are held by Sewanee Vero LLC (a family trust where the reporting person’s spouse is trustee); the reporting person disclaims beneficial ownership of those securities.
• Filing: Reported on 2026-02-19 for transactions occurring 2026-02-17 and 2026-02-18. This filing appears timely (filed within the usual two-business-day period required under Section 16).

Context

• These were straightforward open-market purchases (P); no options exercised, awards, gifts, or tax-withholding events are reported. The total amount is modest (~$35k) and should be considered alongside other insider activity and company fundamentals. The footnote clarifies that some related holdings are in a family trust and are disclaimed by the reporting person.