Form 4: Arbor Commercial Mortgage LLC Distributes Partnership Units and Preferred Stock

Arbor Commercial Mortgage LLC distributed 17,519 Partnership Common Units and Special Voting Preferred Stock to one of its members on June 30, 2024.

Summary

• On June 30, 2024, Arbor Commercial Mortgage LLC (ACM) distributed 17,519 Partnership Common Units (OP Units) and Special Voting Preferred Stock to one of its members.
• This distribution was in exchange for a portion of the member's membership interest in ACM.
• The total value of the distributed units and stock was approximately $250,000.
• The fair market value was determined using the average closing stock price of Arbor Realty Trust Inc. from June 26, 2024, through June 28, 2024, which was $14.27 per share.
• Following the transaction, Arbor Commercial Mortgage LLC continues to beneficially own 10,597,566 shares.

Sentiment

Score: 6

Explanation: The document is a routine filing related to a distribution of equity, with no inherently positive or negative implications for the company's overall performance.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Related Party Transactions

• The distribution of Partnership Common Units and Special Voting Preferred Stock to a member of Arbor Commercial Mortgage LLC constitutes a related party transaction.

Stakeholder Impact

• The transaction affects the ownership structure within Arbor Commercial Mortgage LLC.

Key Dates