ORTALE BUFORD H 4

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.