Form 4: Arbor Realty Trust CEO Ivan Kaufman Reports Transaction Involving Partnership Units and Preferred Stock

Ivan Kaufman, CEO of Arbor Realty Trust, reports a transaction involving the distribution of Partnership Common Units and Special Voting Preferred Stock by Arbor Commercial Mortgage, LLC.

Summary

• On June 30, 2024, Ivan Kaufman, CEO of Arbor Realty Trust, filed a Form 4 with the SEC.
• The filing reports that Arbor Commercial Mortgage, LLC (ACM) distributed 17,519 Partnership Common Units (OP Units) and Special Voting Preferred Stock to one of its members.
• The distribution was in exchange for a portion of the member's membership interest in ACM.
• The value of the distributed units and stock is approximately $250,000.
• The fair market value was determined using the average closing stock price of Arbor Realty Trust from June 26, 2024, through June 28, 2024, which was $14.27 per share.
• Kaufman disclaims beneficial ownership of 10,597,566 shares, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Management Comments

• Mr. Kaufman disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.

Industry Context

Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.

Key Dates