Bruce J Schanzer Form 4 FRANKLIN STREET PROPERTIES / Bruce J Schanzer ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Schanzer Bruce J

(Last) (First) (Middle)

401 EDGEWATER PLACE, SUITE 200

(Street)

WAKEFIELD MA 01880

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FRANKLIN STREET PROPERTIES CORP /MA/ [ FSP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/11/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/11/2024		P		110,589	A	$1.8739(1)	3,405,463	I	See footnote(2)
Common Stock	12/12/2024		P		40,600	A	$1.8934(3)	3,446,063	I	See footnote(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported reflects the weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $1.8350 to $1.8975, inclusive. The reporting person hereby undertakes to provide upon request to the SEC staff, Franklin Street Properties Corp. or a shareholder of Franklin Street Properties Corp., full information regarding the number of shares purchased at each separate price.

2. The shares are held directly by Erez REIT Opportunities LP ("Erez Opportunities"). Erez Asset Management LLC ("Erez Asset Management") is the investment manager of Erez Opportunities. The reporting person serves as Chairman, Chief Investment Officer and sole member of Erez Asset Management, and may be deemed to beneficially own the shares beneficially owned by Erez Opportunities and Erez Asset Management.

3. The price reported reflects the weighted average purchase price. These shares were purchased in multiple transactions at prices ranging from $1.88 to $1.90, inclusive. The reporting person hereby undertakes to provide upon request to the SEC staff, Franklin Street Properties Corp. or a shareholder of Franklin Street Properties Corp., full information regarding the number of shares purchased at each separate price.

	/s/ Bruce J. Schanzer	12/13/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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