Form 4: Sunrise Realty Trust Executive Chairman Acquires Additional Shares

Leonard M. Tannenbaum, Executive Chairman of Sunrise Realty Trust, recently purchased 14,741 shares of common stock at an average price of $10.55 per share.

Summary

• On May 16, 2025, Leonard M. Tannenbaum, the Executive Chairman of Sunrise Realty Trust, acquired 14,741 shares of the company's common stock.
• The purchase was made at a weighted average price of $10.55 per share, with individual trades ranging from $10.48 to $10.55.
• Following this transaction, Tannenbaum directly owns 2,809,957 shares.
• Tannenbaum also has indirect ownership through various trusts and foundations, including the Tannenbaum Family Foundation (420,181 shares), the Sunny 5 Irrevocable Trust (15,000 shares), the Tannenbaum Family 2012 Trust (58,958 shares), and shares held by his spouse (33,132 shares).
• He also owns 1,000 shares as UTMA custodian for his son.
• 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. It's a routine disclosure of an insider transaction. The purchase could be seen as a positive signal, but it's not overwhelmingly so.

Positives

• The Executive Chairman's purchase of shares could be interpreted as a sign of 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 transaction could have a minor positive impact on shareholder sentiment.

Key Dates

Keywords

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