Franklin Street (FSP) Director John N. Burke Receives Award

What Happened

• John N. Burke, a director of Franklin Street Properties Corp. (FSP), was issued 80,342 shares on 2026-05-28 as an award (transaction code A). The Form 4 reports an acquisition price of $0.00 because this was a grant. The grant's reported size is equal to $45,000 divided by the closing price on the grant date, yielding 80,342 shares (closing price $0.5601).

Key Details

• Transaction date: 2026-05-28; filing date: 2026-05-29 (filed within the Form 4 reporting window).
• Reported price: $0.00 (award/grant). Implied grant value: $45,000 based on $0.5601 closing price.
• Shares acquired: 80,342.
• Footnote F1: Shares issued under the Franklin Street Properties Corp. 2002 Stock Incentive Plan; number derived from $45,000 / $0.5601.
• Footnote F2: On 2025-10-20, 24,725 shares previously reported as directly held by Burke were transferred to his revocable living trust (he is trustee with full investment authority and sole beneficiary).
• No option exercise, sale, or tax-withholding shares reported in this filing.

Context

• This was a compensation grant (award), not an open-market purchase or sale. Grants are a common way companies compensate directors and do not necessarily signal immediate buying or selling intent.
• For retail investors: note the dollar value is modest (~$45k) and the grant was reported promptly. No additional insider sales or purchases are shown in this filing.