Form 4: BRT Apartments CEO Jeffrey Gould Increases Stake with Significant Stock Purchase

Jeffrey Gould, President and CEO of BRT Apartments Corp., purchased 5,000 shares of common stock on June 12, 2025, increasing his direct beneficial ownership.

Summary

• Jeffrey Gould, who serves as President and CEO, Director, and a 10% owner of BRT Apartments Corp. (BRT), reported a direct acquisition of company shares.
• On June 12, 2025, Mr. Gould purchased 5,000 shares of BRT Common Stock.
• The acquisition was made at a weighted average price of $15.9339 per share, with individual trades ranging from $15.915 to $16.
• Following this transaction, Mr. Gould's direct beneficial ownership in BRT Apartments Corp. totals 526,354.669 shares.
• He also maintains significant indirect beneficial ownership through various entities, including 24,508.303 shares via Gould Shenfeld Family Foundation, 0.575 shares via Gould Family Trust, 29,795.171 shares via 130 Store Company LLC, and 3,979,169.9496 shares via Gould Investors L.P.
• It is noted that many of these holdings, both direct and indirect, include shares obtained through the issuer's dividend reinvestment plan.
• Mr. Gould disclaims beneficial ownership for certain indirect holdings where he does not have a pecuniary interest, specifically mentioning 130 Store Company LLC and Gould Investors L.P.

Sentiment

Score: 7

Explanation: The purchase of shares by the CEO and a significant owner indicates confidence in the company's future, which is generally a positive signal for investors. While not a direct financial performance report, insider buying is often viewed favorably.

Positives

• The purchase of 5,000 shares by the President and CEO, Jeffrey Gould, signals strong management confidence in the company's future performance and valuation.
• Increased insider ownership aligns the interests of top management more closely with those of public shareholders, potentially leading to more shareholder-friendly decisions.

Future Outlook

NA

Management Comments

• "This transaction was executed in multiple trades at prices ranging from $15.915 to $16. The price reported above reflects the weighted average sale price."
• "The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected."

Industry Context

Insider buying in a Real Estate Investment Trust (REIT) like BRT Apartments Corp. can be interpreted as a positive signal regarding the company's specific property portfolio performance or the broader real estate market outlook, especially given the current economic climate and interest rate environment.

Related Party Transactions

• Indirect beneficial ownership of 24,508.303 shares through Gould Shenfeld Family Foundation, where the reporting person is a director.
• Indirect beneficial ownership of 0.575 shares through Gould Family Trust, where the reporting person is a trustee.
• Indirect beneficial ownership of 29,795.171 shares through 130 Store Company LLC, where the reporting person is a manager (with disclaimer of pecuniary interest).
• Indirect beneficial ownership of 3,979,169.9496 shares through Gould Investors L.P., where the reporting person is an officer of the managing general partner (with disclaimer of pecuniary interest for some shares).

Stakeholder Impact

• Shareholders: The insider purchase may boost investor confidence and potentially lead to positive sentiment regarding the company's stock.
• Management/Employees: Reinforces the alignment of management's financial interests with the company's performance.

Key Dates

Recommendation

Keywords

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