Form 4: Sunrise Realty Exec Buys $108K in Shares

Leonard M. Tannenbaum, Executive Chairman and 10% owner of Sunrise Realty Trust, Inc., acquired 10,411 shares of common stock for approximately $108,480 on August 20, 2025.

Summary

• Leonard M. Tannenbaum, Executive Chairman and 10% owner of Sunrise Realty Trust, Inc. (SUNS), acquired 10,411 shares of common stock.
• The transaction occurred on August 20, 2025, at a weighted average price of $10.42 per share, totaling approximately $108,480.62.
• The purchase was executed in multiple trades ranging from $10.40 to $10.44 per share.
• Following this transaction, Mr. Tannenbaum directly beneficially owns 2,893,026 shares of common stock.
• Additionally, Mr. Tannenbaum has indirect beneficial ownership of 556,771 shares through various entities, including the Tannenbaum Family Foundation, Sunny 5 Irrevocable Trust, Tannenbaum Family 2012 Trust, shares held as UTMA custodian for his son, and shares held by his spouse, though he disclaims beneficial ownership for some of these except to the extent of his pecuniary interest.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 8

Explanation: The purchase of a substantial number of shares by a key executive and significant shareholder, especially under a 10b5-1 plan, indicates strong internal confidence in the company's valuation and future performance.

Positives

• A significant purchase of 10,411 shares by a high-ranking insider (Executive Chairman and 10% owner) signals strong confidence in the company's current valuation and future prospects.
• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-planned, systematic approach to share acquisition.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future performance or strategic outlook.

Industry Context

This filing reports a specific insider transaction and does not provide broader industry context or trends. However, insider buying in the real estate sector can sometimes reflect confidence in specific market segments or property valuations.

Related Party Transactions

• 448,681 shares are held by the Tannenbaum Family Foundation, for which the Reporting Person serves as President.
• 15,000 shares are held by the Sunny 5 Irrevocable Trust for the benefit of certain family members, with Jeffrey Boccuzzi as Co-Trustee.
• 1,000 shares are held by the reporting person as UTMA custodian for his son.
• 58,958 shares are held by the Tannenbaum Family 2012 Trust for the benefit of certain family members, with Jeffrey Boccuzzi as Co-Trustee.
• 33,132 shares are held by the reporting person's spouse.
• The Reporting Person disclaims beneficial ownership of these indirect holdings except to the extent of his pecuniary interest.

Stakeholder Impact

• Shareholders: The insider purchase may be viewed positively, signaling management's belief in the company's value and potential for future growth, which could boost investor confidence.
• Management/Employees: Demonstrates alignment of interests between executive leadership and shareholders.

Key Dates

Recommendation

The significant purchase of shares by Leonard M. Tannenbaum, the Executive Chairman and a 10% owner, signals strong conviction in Sunrise Realty Trust's intrinsic value and future prospects. Such insider buying, especially from a high-level executive, often precedes positive company developments or reflects a belief that the stock is undervalued, making it an attractive investment opportunity.

Keywords

Sunrise Realty Trust, SUNS, Insider Trading, Form 4, Stock Purchase, Leonard M. Tannenbaum, Executive Chairman, Real Estate Investment Trust, REIT, 10b5-1 Plan