ORTALE BUFORD H 4
4 · Franklin BSP Realty Trust, Inc. · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
Franklin BSP Realty Trust (FBRT) Director Ortale Buford Buys 39,597 Shares
What Happened H. Ortale Buford, a director of Franklin BSP Realty Trust (FBRT), acquired a total of 39,597 shares in three open‑market/private purchases. The purchases break down as: 10,000 shares on 2022-09-06 at a weighted average ~$20.00 ($200,000); 25,900 shares on 2026-06-15 at a weighted average ~$8.44 ($218,596); and 3,697 shares on 2026-06-15 at $19.75 ($73,016). All reported transactions are purchases (insider buying), which some investors view as a potentially bullish signal, though no motives are stated.
Key Details
- Transaction dates and amounts:
- 2022-09-06 — 10,000 shares @ $20.00 (weighted avg; actual range $19.98–$20.10) — $200,000. (Footnote F1)
- 2026-06-15 — 25,900 shares @ $8.44 (weighted avg; actual range $8.3918–$8.4713) — $218,596. (Footnote F3)
- 2026-06-15 — 3,697 shares @ $19.75 — $73,016.
- Total acquired: 39,597 shares valued at approximately $491,612.
- Shares owned after the transactions: not specified in the provided excerpt of the filing.
- Footnote F2: Some 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 timeliness: The Form 4 was filed on 2026-06-17 reporting a 2022 transaction (Period of Report: 2022-09-06), indicating a late filing; late reports reduce timely transparency and can have regulatory or penalty implications.
Context
- All reported items are purchases (transaction code P). There are no option exercises, awards, or sales in this filing. The footnotes clarify weighted‑average pricing ranges and ownership disclaimers — useful for understanding the reported averages versus actual per‑lot prices.
Insider Transaction Report
- Purchase
7.50% Series E Cumulative Redeemable Preferred Stock
[F1][F2]2022-09-06$20.00/sh+10,000$200,000→ 15,900 total(indirect: By Trust) - Purchase
Common Stock
[F3][F2]2026-06-15$8.44/sh+25,900$218,596→ 28,900 total(indirect: By Trust) - Purchase
7.50% Series E Cumulative Redeemable Preferred Stock
[F2]2026-06-15$19.75/sh+3,697$73,016→ 19,597 total(indirect: By Trust)
- 66,357
Common Stock
- 2,000
7.50% Series E Cumulative Redeemable Preferred Stock
Footnotes (3)
- [F1]The price reported represents the weighted average purchase price of the shares acquired. The actual purchase prices ranged from $19.98 to $20.10. The Reporting Person has provided to the Issuer, and hereby undertakes to provide upon request by the U.S. Securities and Exchange Commission staff or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.
- [F2]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.
- [F3]The price reported represents the weighted average purchase price of the shares acquired. The actual purchase prices ranged from $8.3918 to $8.4713. The Reporting Person has provided to the Issuer, and hereby undertakes to provide upon request by the U.S. Securities and Exchange Commission staff or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.