Form 4: Leonard M. Tannenbaum Acquires 10,000 Shares of Sunrise Realty Trust

Leonard M. Tannenbaum, Executive Chairman of Sunrise Realty Trust, Inc., purchased 10,000 shares of the company's common stock at an average price of $12.92 on August 21, 2024.

Summary

• On August 21, 2024, Leonard M. Tannenbaum, the Executive Chairman of Sunrise Realty Trust, Inc., acquired 10,000 shares of common stock.
• The purchase price was $12.92 per share, with individual trades ranging from $12.89 to $12.95.
• Following the transaction, Tannenbaum directly owns 1,270,763 shares of Sunrise Realty Trust.
• He also has indirect beneficial ownership of 355,627 shares held by the Tannenbaum Family Foundation, 58,958 shares held by the Tannenbaum Family 2012 Trust, and 25,527 shares held by his spouse.
• Tannenbaum disclaims beneficial ownership of the shares held by the Tannenbaum Family Foundation, the Tannenbaum Family 2012 Trust, and his spouse, except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. An insider purchase is generally viewed as a positive sign, but the size of the purchase relative to Tannenbaum's existing holdings is not significant enough to warrant a strong positive sentiment.

Positives

• The Executive Chairman's purchase of shares could be interpreted as a positive signal about his confidence in the company's future prospects.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. Monitoring these filings can offer insights into management's perspective on the company's valuation and future prospects.

Stakeholder Impact

• The purchase could have a slightly positive impact on shareholder sentiment.

Key Dates