Mazzei Michael 4

What Happened

• Michael Mazzei, CEO and Director of BrightSpire Capital, reported an other disposition (code J) on 2026-02-11 transferring 369,724 shares of BrightSpire Class A common stock. The reported price per share is $0.00, so no cash proceeds were recorded ($0 total).
• This was not an open‑market sale or purchase but a transfer pursuant to a divorce judgment. The filing includes a disclaimer that Mazzei disclaims beneficial ownership of the transferred shares.

Key Details

• Transaction date: 2026-02-11; Form 4 filed: 2026-02-12 (appears timely).
• Transaction type/code: Other disposition (J); price reported: $0.00; shares transferred: 369,724.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Transfer to ex‑spouse pursuant to a divorce judgment; reporting person disclaims beneficial ownership and states the report should not be taken as admission of beneficial ownership for Section 16 or any other purpose.
• No 10b5‑1 plan, tax‑withholding sale, or options exercise noted.

Context

• Transfers because of divorce are personal legal matters and do not necessarily signal the insider’s view on the company’s prospects. The disclaimer of beneficial ownership means Mazzei says he no longer claims control over those shares for reporting purposes. Retail investors should treat this as a non‑market transfer rather than an insider sale for liquidity or trading reasons.