CEO Richard J. Byrne buys $998,364 of Franklin BSP Realty Trust, Inc. (FBRT)

Richard J. Byrne, chief executive of Franklin BSP Realty Trust, Inc., bought 162,600 shares on the open market on November 3, 2026 at an average of $6.14 a share, for a total of $998,364. The purchase was reported to the SEC on Form 4 on November 5, 2026.

It is a new position: the filing shows no shares held directly before this purchase.

1 other insider also bought at least $10,000 of FBRT within 30 days, which makes this a cluster buy.

It is Richard J. Byrne's first purchase of FBRT in at least 1 year of our records.

In the 12 months up to this filing, Franklin BSP Realty Trust, Inc. insiders reported 8 open-market purchases and 1 sale.

WallStPal Score: 66 out of 100, because of a brand-new position; a large purchase; first purchase in 1+ year; 1 other insider also bought; bought by a top executive.

It is too soon to say how the stock did afterward. This page will update as prices come in.

Our read

This one purchase is 55% of all insider buying at FBRT in the past year, the first open-market purchase by Richard J. Byrne in our records. A single purchase is a data point, not a forecast: insiders can be early, and sometimes simply wrong.

Source: SEC Form 4 filing ↗. This story was written automatically from the filing and weekly price data. Information, not investment advice.

Examples

Earlier insider purchases at Franklin BSP Realty Trust, Inc. in our records: 3 purchases of $10,000 or more, and the stock was higher three months later after 0 of them (average -21.7%). The most recent was by Buford H. Ortale on June 15, 2026, after which the stock moved -21% in three months. Past results at one company say little about the next purchase, but they show how insider buying has worked out here before.

Explain it like I'm 13

Richard J. Byrne helps run Franklin BSP Realty Trust, Inc.. Spending $998,364 of their own money on the company's stock is like a coach buying a big stack of tickets to their own team's games: it suggests they think the team will do well. It is not a promise, and insiders can be wrong.

More: all FBRT insider trades · Richard J. Byrne's track record