Franklin Street Properties Director Dennis McGillicuddy Receives 80,342 Shares

Dennis J. McGillicuddy, a director of Franklin Street Properties Corp., received 80,342 shares of common stock on May 28, 2026, as compensation under the company's 2002 Stock Incentive Plan. The shares were valued at $45,000 based on the closing price of $0.5601 per share on the grant date. Following this transaction, McGillicuddy directly owns 194,858 shares. Additionally, he has indirect ownership of approximately 3.9 million shares through various entities including McGillicuddy Investments Limited Partnership III (3,446,136 shares), McGillicuddy FLP Irrevocable Trust of 2003 (404,499 shares), and shares held by his spouse and grandchildren's trusts. The filing represents a routine Section 16 disclosure of director compensation and ownership changes.