Director Buford H. Ortale of Franklin BSP Realty Trust, Inc. filed a Form 4 on November 4, 2026, disclosing open-market purchases of common stock and 7.50% Series E Cumulative Redeemable Preferred Stock made on November 2 and 3, 2026.

Key Highlights

  • Common stock purchase: Ortale acquired 871 shares of common stock on November 2, 2026, at $5.96 per share, bringing his direct holdings to 67,228 shares.
  • Preferred stock, day one: 147 shares of 7.50% Series E Cumulative Redeemable Preferred Stock were purchased on November 2, 2026, at $17.07 per share, raising direct preferred holdings to 2,147 shares.
  • Preferred stock, day two: An additional 1,046 shares of 7.50% Series E Cumulative Redeemable Preferred Stock were purchased on November 3, 2026, at $17.25 per share, raising direct preferred holdings to 3,193 shares.
  • Indirect holdings via trust: Sewanee Vero LLC, described as a family trust of which Ortale's spouse is trustee, holds 28,900 shares of common stock and 19,597 shares of Series E Preferred Stock indirectly attributed to the reporting person.
  • Beneficial ownership disclaimed: According to the filing, Ortale "disclaims beneficial ownership" of the securities held by Sewanee Vero LLC, and the filing 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."

Ortale's Two-Day Purchase Activity at Franklin BSP Realty Trust

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) is a real estate investment trust. Director Buford H. Ortale reported two separate open-market purchase transactions coded "P" in Table I of the filing, covering both the company's common stock and its 7.50% Series E Cumulative Redeemable Preferred Stock across consecutive trading days.

On November 2, 2026, Ortale acquired 871 shares of common stock at $5.96 per share and 147 shares of Series E Preferred Stock at $17.07 per share, according to the filing. Following those transactions, his directly held common stock totaled 67,228 shares and his directly held Series E Preferred Stock totaled 2,147 shares.

On November 3, 2026, Ortale purchased an additional 1,046 shares of Series E Preferred Stock at $17.25 per share, bringing his direct Series E Preferred holdings to 3,193 shares, as disclosed in the filing. No common stock purchase was reported for November 3. The filing was signed on November 4, 2026, by Michael McTiernan as attorney-in-fact for Ortale.

What Was Disclosed

The filing disclosed two days of open-market purchases by Director Buford H. Ortale covering common stock and 7.50% Series E Cumulative Redeemable Preferred Stock of Franklin BSP Realty Trust, Inc., along with indirect holdings attributed through a family trust for which Ortale disclaims beneficial ownership.