X0306 4 2021-05-12 0000038777 FRANKLIN RESOURCES INC BEN 0001772077 Shaneyfelt Gwen L C/O FRANKLIN RESOURCES, INC. ONE FRANKLIN PARKWAY SAN MATEO CA 94403-1906 1 Chief Accounting Officer Common Stock, par value $.10 2021-05-12 4 S 0 5000 33.25 D 63749.0115 D The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.25 to $33.26, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff on the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Of the amount of securities beneficially owned, 19,016 shares represent unvested restricted stock awards and 14,279 shares represent unvested restricted stock unit awards. /s/ Gwen L. Shaneyfelt 2021-05-13