Form 4: Sunrise Realty Trust Executive Chairman Buys Shares

Sunrise Realty Trust's Executive Chairman, Leonard M. Tannenbaum, purchased 13,000 shares of common stock at a weighted average price of $9.72.

Summary

• Leonard M. Tannenbaum, Executive Chairman, Director, and 10% Owner of Sunrise Realty Trust, Inc. (SUNS), acquired 13,000 shares of common stock.
• The transaction occurred on November 24, 2025, at a weighted average price of $9.72 per share, with trades ranging from $9.63 to $9.80.
• Following this purchase, Tannenbaum directly beneficially owns 3,011,226 shares of common stock.
• Indirect beneficial ownership includes 448,681 shares held by the Tannenbaum Family Foundation, 15,000 shares by the Sunny 5 Irrevocable Trust, 1,000 shares as UTMA custodian for his son, 58,958 shares by the Tannenbaum Family 2012 Trust, and 33,132 shares held by his spouse.
• Tannenbaum disclaims beneficial ownership of certain indirect holdings except to the extent of his pecuniary interest.

Sentiment

Score: 8

Explanation: The purchase of shares by the Executive Chairman and a 10% owner is a strong positive signal, indicating high confidence in the company's future. This type of insider buying is generally viewed favorably by the market.

Positives

• Executive Chairman Leonard M. Tannenbaum, a Director and 10% owner, purchased 13,000 shares of common stock, signaling confidence in the company's future prospects.
• The purchase was made at a weighted average price of $9.72 per share, representing a significant personal investment.

Future Outlook

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

Management Comments

• 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.
• 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.

Industry Context

Insider purchases, particularly by high-ranking executives and significant shareholders like the Executive Chairman, are often viewed by the market as a positive signal, suggesting management's belief in the company's intrinsic value and future growth prospects within the real estate investment trust (REIT) sector.

Comparison to Industry Standards

• Insider buying activity is a common occurrence across all industries.
• While there are no specific comparable companies or projects mentioned in this filing, a purchase by an Executive Chairman and 10% owner is generally considered a strong vote of confidence, aligning with similar positive signals observed when executives in other REITs or publicly traded companies increase their personal holdings.

Related Party Transactions

• Indirect beneficial ownership through the Tannenbaum Family Foundation, Sunny 5 Irrevocable Trust, Tannenbaum Family 2012 Trust (for family members), and shares held by the spouse are disclosed, indicating dealings with entities and individuals related to the reporting person.

Stakeholder Impact

• Shareholders: May view the insider purchase as a positive indicator of future stock performance and management's belief in the company's value, potentially increasing investor confidence.
• Management/Employees: Reinforces a sense of alignment between executive leadership and shareholder interests.

Next Steps

• The reporting person undertakes to provide full information regarding the number of shares and prices upon request.

Key Dates

Recommendation

The significant purchase of common stock by the Executive Chairman, who is also a 10% owner, signals strong insider confidence in Sunrise Realty Trust's future prospects and current valuation. Such a move by a key insider often precedes positive company developments or reflects a belief that the stock is undervalued, making it a compelling 'buy' signal for seasoned investors.

Keywords

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