Form 4: Sunrise Realty Trust Director James C. Fagan Acquires 5,000 Shares

Director James C. Fagan purchased 5,000 shares of Sunrise Realty Trust, Inc. at $10.75 per share on July 10, 2024.

Summary

• On July 10, 2024, James C. Fagan, a director of Sunrise Realty Trust, Inc. (SUNS), acquired 5,000 shares of common stock at a price of $10.75 per share.
• Following this transaction, Fagan directly owns 5,813 shares and indirectly owns 8,840 shares through Civic Reserve LLC.
• The 5,813 shares include 813 shares received in connection with the spin-off of the Issuer from AFC Gamma, Inc., of which 427 shares are restricted shares received in the spin-off from restricted common stock granted under AFC Gamma, Inc. Stock Incentive Plan and shall vest on the one-year anniversary of January 2, 2024.
• Civic Reserve LLC, which is wholly owned by Fagan and his spouse, holds the 8,840 indirectly owned shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of a director's stock purchase. While insider buying can be seen as a positive signal, it's not overwhelmingly positive without additional context.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure of insider trading activity. It provides transparency into the actions of company insiders, which can be informative for investors.

Stakeholder Impact

• Shareholders may view the director's stock purchase as a positive sign of confidence in the company.

Key Dates