Form 4: Sunrise Realty Trust Executive Chairman Acquires 80,514 Shares

Leonard M. Tannenbaum, Executive Chairman of Sunrise Realty Trust, purchased 80,514 shares of common stock at an average price of $11.26 on March 19, 2025.

Summary

• On March 19, 2025, Leonard M. Tannenbaum, the Executive Chairman of Sunrise Realty Trust, Inc. (SUNS), acquired 80,514 shares of common stock.
• The purchase price was $11.26 per share, with individual trades ranging from $11.15 to $11.35.
• Following the transaction, Tannenbaum directly owns 2,623,803 shares.
• He also has indirect ownership through various entities, including the Tannenbaum Family Foundation (420,181 shares), the Sunny 5 Irrevocable Trust (15,000 shares), as UTMA custodian for his son (1,000 shares), the Tannenbaum Family 2012 Trust (58,958 shares), and shares held by his spouse (33,132 shares).
• Tannenbaum disclaims beneficial ownership of shares held by the Tannenbaum Family Foundation, the Sunny 5 Irrevocable Trust, the Tannenbaum Family 2012 Trust and shares held by his spouse except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. An executive buying shares is generally seen as a good sign, but it's a routine transaction disclosure.

Positives

• The Executive Chairman's purchase of a significant number of shares could be interpreted as a positive signal about the company's 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 of shares by the Executive Chairman could increase investor confidence.

Key Dates

Keywords

Sunrise Realty Trust, SUNS, Leonard M. Tannenbaum, Executive Chairman, stock purchase, beneficial ownership, Form 4, SEC