X0306 4 2023-02-01 0000038777 FRANKLIN RESOURCES INC BEN 0001718985 Sethi Alok C/O FRANKLIN RESOURCES, INC. ONE FRANKLIN PARKWAY SAN MATEO CA 94403-1906 1 EVP, Technology and Operations Common Stock, par value $.10 2023-02-01 4 S 0 29503 31.0926 D 92132 D The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.00 to $31.26, 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, 68,378 shares represent unvested restricted stock unit awards. /s/ Virginia Rosas, Attorney-in-Fact 2023-02-01