Richard Byrne - Jan 27, 2025 Form 4 Insider Report for Franklin BSP Realty Trust, Inc. (FBRT)

Role: Chairman and CEO, Director
Signature: /s/ Richard Byrne, By: Micah Goodman, Attorney-in-Fact*
Stock symbol: FBRT
Transactions as of: Jan 27, 2025
Transactions value $: -$484,849
Form type: 4
Date filed: 1/29/2025, 04:01 PM
Previous filing: Jun 21, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FBRT	Common Stock	Award	$0	+107K	+27.92%	$0.00	490K	Jan 27, 2025	Direct	F1
transaction	FBRT	Common Stock	Tax liability	-$485K	-39K	-7.95%	$12.44	451K	Jan 27, 2025	Direct	F2

Showing 1 to 2 of 2 entries

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents RSUs granted to the reporting person pursuant to the Issuer's 2021 Equity Incentive Plan. The RSUs will vest in three equal annual installments beginning on January 27, 2026, subject to the reporting person's continued qualifying service. One share of the Issuer's common stock will be issued for each RSU upon vesting.
F2	Represents shares of common stock withheld to satisfy tax withholding obligations incident to the vesting of restricted stock units ("RSUs") awarded to the reporting person on January 27, 2022, January 27, 2023 and February 1, 2024.