SCHEDULE: Tannenbaum Boosts Sunrise Realty Trust Stake to 27.2%

Leonard M. Tannenbaum increased his beneficial ownership in Sunrise Realty Trust, Inc. to 27.2% through recent open market purchases.

Summary

• Leonard M. Tannenbaum, the Reporting Person, filed Amendment No. 5 to Schedule 13D for Sunrise Realty Trust, Inc. (the "Issuer").
• The filing reports purchases of Common Stock that, in aggregate, exceeded a 1% change in beneficial ownership since the last Schedule 13D/A filing.
• Tannenbaum now beneficially owns 3,656,865 shares of Common Stock, representing 27.2% of the 13,420,986 shares outstanding as of November 7, 2025.
• This includes 3,012,226 shares with sole voting and dispositive power, held directly by Tannenbaum, including 70,959 shares of restricted stock and 1,000 shares in a UTMA account.
• An additional 644,639 shares are held with shared voting and dispositive power by the Tannenbaum Family Foundation (585,681 shares) and Tannenbaum Family 2012 Trust (58,958 shares), for which Tannenbaum serves as President or Investment Advisor, disclaiming beneficial ownership over these specific shares.
• Purchases were made in multiple open market transactions using personal funds between August 20, 2025, and December 31, 2025, as detailed in Schedule A.

Sentiment

Score: 8

Explanation: The significant increase in beneficial ownership by a key individual, Leonard M. Tannenbaum, suggests strong insider confidence in the company's value and future prospects. This is generally viewed as a positive indicator for investors.

Positives

• Increased insider ownership by Leonard M. Tannenbaum, reaching 27.2% of the outstanding shares, demonstrates strong confidence in Sunrise Realty Trust, Inc.'s future prospects.
• The accumulation of shares through open market purchases using personal funds signals a belief in the company's intrinsic value.

Future Outlook

The filing does not contain explicit forward-looking statements or guidance from the company or the reporting person regarding future performance or strategic direction, beyond the implication of increased insider confidence.

Industry Context

This filing indicates a significant insider increasing their stake in Sunrise Realty Trust, Inc., which could be interpreted as a positive signal within the real estate investment trust (REIT) sector, suggesting confidence in the company's valuation or future prospects amidst broader market conditions.

Comparison to Industry Standards

• This filing is a disclosure of beneficial ownership and does not contain performance metrics for comparison to industry standards or specific comparable companies or projects.
• The increase in insider ownership to 27.2% is generally viewed positively across industries, as it aligns the interests of a significant shareholder with those of other investors.

Stakeholder Impact

• Shareholders: Increased insider ownership may signal confidence, potentially leading to positive sentiment and share price stability or appreciation.
• Management: Reinforces alignment between a significant shareholder and the company's strategic direction.

Next Steps

• The filing does not explicitly mention future actions or milestones, beyond the ongoing reporting requirements for beneficial ownership.

Key Dates

Recommendation

The substantial increase in Leonard M. Tannenbaum's beneficial ownership to 27.2% of Sunrise Realty Trust, Inc. common stock is a strong signal of insider confidence. This accumulation, primarily through open market purchases, suggests a belief in the company's intrinsic value or future growth potential. While this insider buying is a positive indicator, a 'hold' recommendation is appropriate as this filing alone does not provide comprehensive financial performance data or strategic updates necessary for a 'buy' rating. Investors should monitor future company performance and broader market conditions.

Keywords

Sunrise Realty Trust, SRT, Leonard M. Tannenbaum, Schedule 13D, Beneficial Ownership, Insider Buying, Common Stock, Real Estate Investment Trust, REIT