Form 4: Sunrise Realty Trust Executive Chairman Boosts Stake

Leonard M. Tannenbaum, Executive Chairman of Sunrise Realty Trust, Inc., acquired additional common stock totaling 42,790 shares across three transactions in mid-November 2025.

Summary

• Leonard M. Tannenbaum, Executive Chairman, Director, and 10% Owner of Sunrise Realty Trust, Inc. (SUNS), purchased 42,790 shares of common stock.
• The purchases occurred on November 18, 19, and 20, 2025.
• Transaction prices ranged from $9.32 to $9.51 per share, with weighted average prices of $9.45, $9.48, and $9.39 for the respective dates.
• Following these transactions, Tannenbaum directly beneficially owns 2,998,226 shares of common stock.
• Tannenbaum also has indirect beneficial ownership of 448,681 shares through the Tannenbaum Family Foundation, 15,000 shares through the Sunny 5 Irrevocable Trust, 1,000 shares as UTMA custodian for his son, 58,958 shares through the Tannenbaum Family 2012 Trust, and 33,132 shares held by his spouse.

Sentiment

Score: 8

Explanation: The Executive Chairman's significant open market purchases of common stock demonstrate strong confidence in the company's valuation and future outlook, which is generally viewed very positively by investors.

Positives

• Executive Chairman Leonard M. Tannenbaum increased his direct beneficial ownership by 42,790 shares, signaling confidence in Sunrise Realty Trust, Inc.
• The purchases were made at prices ranging from $9.32 to $9.51, indicating a belief in the company's value at these levels.
• Tannenbaum's total direct beneficial ownership now stands at 2,998,226 shares, reinforcing his significant stake in the company.

Future Outlook

This Form 4 filing does not contain specific forward-looking statements or guidance regarding the company's future performance. It solely reports insider trading activity.

Management Comments

• "This transaction was executed in multiple trades ranging from $9.39 to $9.51; the price reported reflects the weighted average price. The Reporting Person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or any security holder of the issuer."
• "The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest." (Regarding shares held by Tannenbaum Family Foundation, Sunny 5 Irrevocable Trust, and Tannenbaum Family 2012 Trust).
• "The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose." (Regarding shares held by spouse).

Industry Context

Insider buying, particularly by a high-ranking executive and significant owner like the Executive Chairman, often signals management's confidence in the company's current valuation and future prospects. In the REIT sector, such purchases can be interpreted as a positive indicator of the underlying real estate assets' stability and potential for growth, especially if the market has recently undervalued the stock.

Related Party Transactions

• Indirect beneficial ownership through the Tannenbaum Family Foundation (448,681 shares), for which the Reporting Person serves as President.
• Indirect beneficial ownership through the Sunny 5 Irrevocable Trust (15,000 shares) for the benefit of certain family members, with Jeffrey Boccuzzi as Co-Trustee.
• Indirect beneficial ownership through the Tannenbaum Family 2012 Trust (58,958 shares) for the benefit of certain family members, with Jeffrey Boccuzzi as Co-Trustee.
• Indirect beneficial ownership of 33,132 shares held by the Reporting Person's spouse.

Stakeholder Impact

• Shareholders: Likely to view the insider purchases as a positive signal, potentially increasing confidence in the stock and its future performance.
• Employees: May perceive increased stability and management commitment.

Key Dates

Recommendation

The Executive Chairman, a key insider and 10% owner, significantly increased his direct stake in Sunrise Realty Trust through open market purchases. This strong insider buying activity, especially from a high-level executive, typically signals management's conviction that the stock is undervalued or has strong future growth potential. For a seasoned investor, this action suggests a favorable risk/reward profile and warrants a 'buy' recommendation, as it aligns management's interests even more closely with shareholders.

Keywords

Sunrise Realty Trust, SUNS, Leonard M. Tannenbaum, Insider Buying, Stock Purchase, Executive Chairman, Form 4, Beneficial Ownership, Real Estate Investment Trust, REIT