RICE CATHERINE 4

What Happened
Catherine Rice, a director of BrightSpire Capital, was granted 22,085 shares of the issuer's Class A common stock on 2026-05-20 as an award (transaction code A). The Form 4 reports an acquisition price of $0.00 for a reported value of $0, reflecting an equity award rather than a cash purchase or sale.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-21 (timely filing).
• Shares granted: 22,085; price reported on Form 4: $0.00 (award/grant).
• Shares owned after transaction: not specified in the provided filing.
• Footnote: These shares represent Rice’s 2026 annual equity compensation and will vest on May 20, 2027.
• No tax withholding, sale, or 10b5-1 plan is indicated in the filing.

Context
This was a compensation grant to a non-executive director, which is common practice and does not represent an outright market purchase or sale. Because the shares vest one year from grant, they are restricted until 2027-05-20 and are not an immediate bullish or bearish trading signal by themselves.