SCHWARTZ VERNON B 4

What Happened
Vernon B. Schwartz, a director of BrightSpire Capital, was granted 22,085 shares of the Issuer's Class A common stock on May 20, 2026. The award was reported at $0.00 per share (a grant rather than a purchase), so no cash was exchanged at grant. This is an annual equity grant under the company's non‑executive director compensation policy and will vest on May 20, 2027.

Key Details

• Transaction date: 2026-05-20; reported on Form 4 filed 2026-05-21 (appears timely).
• Transaction type/code: Award/Grant (A).
• Shares granted: 22,085 Class A shares; reported price $0.00 (grant).
• Shares owned after transaction: not specified in the provided filing.
• Footnote: Grant represents 2026 annual equity compensation for non‑executive directors and vests on May 20, 2027.
• No indication of a 10b5‑1 plan, sale, exercise, gift, or tax‑withholding in this filing.

Context
This was an equity award for director compensation, not an open‑market purchase or sale. Such awards are routine for non‑executive directors and typically vest over time; they do not by themselves indicate an immediate bullish or bearish trading signal. The economic value to the insider will depend on BrightSpire’s share price at or after vesting.