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

Executive Chairman Leonard M. Tannenbaum purchased 10,000 shares of Sunrise Realty Trust, Inc. at a weighted average price of $12.88 on August 22, 2024.

Summary

• On August 22, 2024, Leonard M. Tannenbaum, the Executive Chairman of Sunrise Realty Trust, Inc. (SUNS), acquired 10,000 shares of common stock.
• The purchase was made at a weighted average price of $12.88 per share, with individual trades ranging from $12.75 to $13.00.
• Following the transaction, Tannenbaum directly owns 1,270,763 shares and indirectly owns 365,627 shares through the Tannenbaum Family Foundation, 58,958 shares through 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 those held by 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, indicating confidence in the company's prospects, but the purchase is relatively small.

Positives

• The Executive Chairman's purchase of shares may signal confidence in the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders of a company (officers, directors, or those holding 10% or more of the company's shares) buy or sell the company's securities. These filings provide transparency to the market regarding insider transactions.

Stakeholder Impact

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

Key Dates