Form 4: BRT Apartments CEO Jeffrey Gould Boosts Stake with Significant Share Purchases

Jeffrey Gould, President and CEO of BRT Apartments Corp., has increased his beneficial ownership in the company through recent open market purchases of common stock.

Summary

• Jeffrey Gould, who serves as President and CEO, Director, and a 10% owner of BRT Apartments Corp. (BRT), reported changes in his beneficial ownership.
• On May 21, 2025, 7,000 shares of BRT Common Stock were acquired at a weighted average price of $15.8236 per share.
• On May 22, 2025, an additional 7,500 shares of BRT Common Stock were acquired at a weighted average price of $15.8236 per share.
• These purchases were made indirectly through Gould Investors L.P., where Mr. Gould is an officer of the managing general partner.
• Following these transactions, Mr. Gould's total beneficial ownership in BRT Apartments Corp. stands at 4,524,342.6676 shares.
• This total includes 526,354.669 shares held directly and various indirect holdings through entities such as Gould Shenfeld Family Foundation (24,508.303 shares), Gould Family Trust (0.575 shares), 130 Store Company LLC (29,795.171 shares), and Gould Investors L.P. (3,943,683.9496 shares).

Sentiment

Score: 8

Explanation: The sentiment is highly positive due to significant insider buying by the President and CEO, which typically signals strong confidence in the company's future performance and valuation.

Positives

• The President and CEO, Jeffrey Gould, increased his stake in BRT Apartments Corp. through open market purchases, signaling confidence in the company's future prospects.
• The acquisition of 14,500 shares by a key insider suggests a belief that the company's stock is currently undervalued or poised for growth.

Industry Context

This insider buying activity by the CEO of a publicly traded real estate investment trust (REIT) can be interpreted as a positive signal within the real estate sector, suggesting management's belief in the company's asset value and operational stability amidst broader market conditions.

Related Party Transactions

• Jeffrey Gould's beneficial ownership includes shares held indirectly through entities where he holds a significant role, such as Gould Shenfeld Family Foundation (director), Gould Family Trust (trustee), 130 Store Company LLC (manager), and Gould Investors L.P. (officer of the managing general partner).

Stakeholder Impact

• Shareholders may view the CEO's increased stake as a strong vote of confidence, potentially leading to increased investor interest and positive sentiment towards the stock.
• Employees and other stakeholders might perceive this as a sign of stability and positive outlook for the company's future.

Key Dates

Recommendation

Keywords

BRT Apartments Corp., BRT, Jeffrey Gould, Insider Trading, Form 4, Stock Purchase, Beneficial Ownership, Real Estate, REIT