Form 4: Chicago Atlantic Real Estate Finance COO David Kite Receives Stock Award

David Kite, Chief Operating Officer of Chicago Atlantic Real Estate Finance, was granted 28,398 restricted shares of common stock on April 1, 2025.

Summary

• On April 1, 2025, David Kite, the Chief Operating Officer of Chicago Atlantic Real Estate Finance, Inc., received an award of 28,398 restricted shares of the company's common stock.
• The shares were granted under the Chicago Atlantic Real Estate Finance, Inc. 2021 Omnibus Incentive Plan.
• The restricted shares will vest in three equal installments over a three-year period, with one-third vesting after 12 months, 24 months, and 36 months, respectively.
• Following the transaction, Mr. Kite directly owns 54,516 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to positive.

Positives

• The stock award aligns Mr. Kite's interests with those of the shareholders, incentivizing him to contribute to the company's long-term success.
• The vesting schedule encourages continued service and commitment from the COO.

Future Outlook

The vesting schedule of the restricted shares suggests a continued commitment from Mr. Kite to the company over the next three years.

Industry Context

Stock awards are a common practice in the real estate finance industry to incentivize and retain key executives. This grant is consistent with standard compensation practices.

Stakeholder Impact

• The stock award could have a slightly positive impact on shareholder sentiment as it aligns management's interests with those of the shareholders.

Key Dates

Keywords

Chicago Atlantic Real Estate Finance, David Kite, restricted stock, stock award, Form 4, beneficial ownership, REFI, COO, Omnibus Incentive Plan