Form 4: Leonard M. Tannenbaum, Executive Chairman of Sunrise Realty Trust, Buys Additional Shares

Leonard M. Tannenbaum, Executive Chairman of Sunrise Realty Trust, acquired 1,136 shares of common stock at a weighted average price of $13.10 on August 23, 2024.

Summary

• On August 23, 2024, Leonard M. Tannenbaum, the Executive Chairman of Sunrise Realty Trust, purchased 1,136 shares of the company's common stock.
• The purchase was made at a weighted average price of $13.10 per share, with individual trades ranging from $12.75 to $13.15.
• Following the transaction, Tannenbaum directly owns 1,270,763 shares and indirectly owns 366,763 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, but the amount is relatively small.

Positives

• The Executive Chairman's purchase of additional 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, allowing investors to track significant changes in ownership.

Stakeholder Impact

• The purchase may have a minor positive impact on shareholder sentiment.

Key Dates