Form 4: Executive Chairman Boosts Stake in Sunrise Realty Trust

Sunrise Realty Trust's Executive Chairman, Leonard M. Tannenbaum, significantly increased his indirect beneficial ownership of common stock through two purchases totaling 137,000 shares.

Summary

• Leonard M. Tannenbaum, Executive Chairman, Director, and 10% Owner of Sunrise Realty Trust, Inc. (SUNS), acquired a total of 137,000 shares of common stock.
• On December 30, 2025, 37,000 shares were purchased at a weighted average price of $9.77 per share, with trades ranging from $9.62 to $9.82.
• On December 31, 2025, an additional 100,000 shares were purchased at a weighted average price of $9.40 per share, with trades ranging from $9.31 to $9.46.
• These transactions were made pursuant to a Rule 10b5-1(c) plan.
• Following these transactions, Mr. Tannenbaum's total beneficial ownership, including direct and indirect holdings, increased to 3,704,007 shares of common stock.
• The acquired shares are held indirectly by the Tannenbaum Family Foundation, for which Mr. Tannenbaum serves as President.

Sentiment

Score: 9

Explanation: The Executive Chairman's substantial purchases of company stock demonstrate high confidence in Sunrise Realty Trust's valuation and future prospects, a strong bullish signal for investors.

Positives

• Significant insider buying by the Executive Chairman, Director, and 10% Owner signals strong confidence in the company's future performance and valuation.
• The purchases were made under a Rule 10b5-1(c) plan, indicating a pre-planned investment strategy.

Future Outlook

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Industry Context

Insider buying, particularly by a high-ranking executive and significant owner, is generally viewed as a positive indicator within the real estate investment trust (REIT) sector, suggesting management believes the company's stock is undervalued or has strong growth prospects.

Related Party Transactions

• Shares are held indirectly by the Tannenbaum Family Foundation, for which the Reporting Person serves as President.
• Shares are held indirectly by the Sunny 5 Irrevocable Trust for the benefit of certain family members, with Jeffrey Boccuzzi as Co-Trustee.
• Shares are held indirectly by the Tannenbaum Family 2012 Trust for the benefit of certain family members, with Jeffrey Boccuzzi as Co-Trustee.
• Shares are held indirectly by the reporting person as UTMA custodian for his son.
• Shares are held indirectly by the reporting person's spouse.

Stakeholder Impact

• Shareholders may view the Executive Chairman's increased stake as a positive sign of management's commitment and belief in the company's future, potentially boosting investor confidence.
• The purchases could signal to the market that the company's stock is currently undervalued, potentially attracting more investor interest.

Key Dates

Recommendation

The significant purchase of common stock by Executive Chairman Leonard M. Tannenbaum, totaling 137,000 shares, signals strong confidence in Sunrise Realty Trust's future performance and valuation. This insider buying activity by a key executive is typically viewed as a bullish indicator for investors, suggesting a favorable outlook for the stock.

Keywords

Sunrise Realty Trust, SUNS, Leonard M. Tannenbaum, Insider Buying, Form 4, Stock Purchase, Executive Chairman, Beneficial Ownership, Real Estate Investment Trust, REIT