Form 4: BRT Apartments Corp. Senior VP Matthew Gould Reports Planned Share Acquisition

Matthew J. Gould, Senior Vice President and Director of BRT Apartments Corp., has reported a planned acquisition of 5,000 shares of common stock through a Rule 10b5-1 plan, effective June 12, 2025.

Summary

• Matthew J. Gould, Senior Vice President and Director of BRT Apartments Corp., reported a planned acquisition of 5,000 shares of the company's common stock.
• The transaction is scheduled for June 12, 2025, and was executed under a Rule 10b5-1 pre-arranged trading plan.
• The shares were acquired at a weighted average price of $15.9339 per share.
• Following this transaction, Mr. Gould's direct beneficial ownership will be 496,379.498 shares.
• His indirect beneficial ownership includes shares held by the Gould Family Trust (0.575 shares), Gould Shenfeld Family Foundation (24,508.303 shares), BRT Apartments Corp. Pension Trust (20,874 shares), 130 Store Company LLC (29,795.171 shares), and Gould Investors L.P. (3,979,169.9496 shares).

Sentiment

Score: 8

Explanation: The acquisition of shares by a senior executive and director, especially through a pre-planned Rule 10b5-1 program, indicates strong insider confidence and aligns management's interests with shareholders, which is a significant positive signal.

Positives

• A senior executive and director, Matthew J. Gould, is acquiring additional shares, signaling confidence in the company's future prospects.
• The transaction is part of a Rule 10b5-1 plan, indicating a pre-planned, systematic approach to share acquisition.
• The acquisition increases the insider's direct stake in the company, aligning management interests with shareholder interests.

Risks

• The document itself does not detail specific company risks. However, general market risks or risks associated with the real estate sector could impact the value of these shares.

Future Outlook

The filing indicates a pre-planned acquisition of shares by a senior insider, suggesting a positive internal outlook on the company's future performance. The transaction date being in the future (June 12, 2025) confirms it's a forward-looking, pre-scheduled event under a Rule 10b5-1 plan.

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

BRT Apartments Corp. operates in the real estate sector, specifically apartments. An insider purchase by a senior executive in this sector can be interpreted as a sign of confidence in the company's specific assets or the broader residential real estate market, especially concerning potential rental income stability or property value appreciation.

Related Party Transactions

• The reporting person holds indirect beneficial ownership through several entities, including the Gould Family Trust, Gould Shenfeld Family Foundation, BRT Apartments Corp. Pension Trust, 130 Store Company LLC, and Gould Investors L.P. These represent dealings where the reporting person has a relationship with the entity holding the shares.
• The reporting person disclaims beneficial ownership of securities held by 130 Store Company LLC to the extent he does not have a pecuniary interest therein.
• The reporting person is an officer of the managing general partner of Gould Investors L.P., and these shares represent all shares owned by Gould Investors L.P., including those where the reporting person does not have a pecuniary interest.

Stakeholder Impact

• Shareholders: The insider purchase may instill greater confidence among existing and potential shareholders, as it suggests management believes the stock is a good investment.

Next Steps

• The transaction is scheduled to occur on June 12, 2025.
• The reporting person has undertaken to provide full information regarding the transaction upon request.

Key Dates

Recommendation

Keywords

BRT Apartments Corp., BRT, Matthew J. Gould, insider trading, Form 4, share acquisition, common stock, Rule 10b5-1, beneficial ownership, real estate, director, senior vice president