[Form 4] ARBOR REALTY TRUST INC Insider Trading Activity

Rhea-AI Filing Summary

Arbor Realty Trust CEO Ivan Kaufman filed a Form 4 reporting internal transfers of his equity interests in the company. On 11/17/2025, he moved 334,700 shares of common stock and 80,161 shares of special voting preferred stock between his direct ownership and IK Main LLC, a limited liability company that he wholly owns and manages. The filing states these transfers were made for administrative convenience and did not involve any sale of securities or change in his beneficial ownership. He also reports indirect holdings through Arbor Commercial Mortgage, LLC and related partnership common units linked to Arbor Realty Trust common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KAUFMAN IVAN

(Last) (First) (Middle)

C/O ARBOR REALTY TRUST, INC.

333 EARLE OVINGTON BLVD, STE. 900

(Street)

UNIONDALE NY 11553

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ARBOR REALTY TRUST INC [ ABR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	COB, CEO and President

3. Date of Earliest Transaction (Month/Day/Year)
11/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.01 per share	11/17/2025		J(1)		334,700	A	$0.00	388,700	I	By IK Main LLC, wholly owned and managed by reporting person
Common Stock, par value $0.01 per share	11/17/2025		J(1)		334,700	D	$0.00	1,655,116	D
Common Stock, par value $0.01 per share								2,535,870(2)	I	By Arbor Commercial Mortgage, LLC
Special Voting Preferred Stock, par value $0.01 per share	11/17/2025		J(1)		80,161	A	$0.00	80,161	I	By IK Main LLC, wholly owned and managed by reporting person
Special Voting Preferred Stock, par value $0.01 per share	11/17/2025		J(1)		80,161	D	$0.00	0	D
Special Voting Preferred Stock, par value $0.01 per share								10,483,930(2)	I	By Arbor Commercial Mortgage, LLC

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Partnership Common Units	$0.00	11/17/2025		J(1)		80,161		(3)	(3)	Common Stock, par value $0.01 per share	80,161	$0.00	80,161	I	By IK Main LLC, wholly owned and managed by reporting person
Partnership Common Units	$0.00	11/17/2025		J(1)			80,161	(3)	(3)	Common Stock, par value $0.01 per share	80,161	$0.00	0	D
Partnership Common Units	$0.00							(3)	(3)	Common Stock, par value $0.01 per share	10,483,930(2)		10,483,930(2)	I	By Arbor Commercial Mortgage, LLC

Explanation of Responses:

1. Transfer of shares from direct ownership to IK Main LLC, a limited liability company wholly owned and controlled by Mr. Kaufman. The transfer was made for administrative convenience and did not involve a sale of securities or change in beneficial ownership.

2. Mr. Kaufman disclaims beneficial ownership of these shares of common stock, except to the extent of his pecuniary interest therein.

3. Not applicable.

	/s/ Ivan Kaufman	11/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did ABR report on this Form 4?

The Form 4 shows that Ivan Kaufman, Chairman, CEO and President of Arbor Realty Trust (ABR), transferred his holdings of common and special voting preferred stock between direct ownership and his wholly owned entity, IK Main LLC, on 11/17/2025. The filing specifies that these were internal transfers for administrative convenience.

How many Arbor Realty Trust (ABR) common shares did Ivan Kaufman transfer?

On 11/17/2025, Ivan Kaufman transferred 334,700 shares of common stock with par value $0.01 per share. These shares moved between his direct ownership and IK Main LLC, which is wholly owned and managed by him.

What happened to ABR special voting preferred stock in this filing?

The Form 4 reports that 80,161 shares of special voting preferred stock with par value $0.01 per share were transferred on 11/17/2025 between Ivan Kaufman’s direct holdings and IK Main LLC. After the reported transactions, his directly held special voting preferred stock balance was shown as zero, with additional indirect holdings reported through Arbor Commercial Mortgage, LLC.

Did the ABR insider transaction involve a sale or change in beneficial ownership?

No. The explanation states that the transfer of shares to IK Main LLC was made for administrative convenience and did not involve a sale of securities or change in beneficial ownership for Ivan Kaufman.

What indirect ownership structures are disclosed for ABR in this Form 4?

The filing shows indirect ownership through IK Main LLC, which is wholly owned and managed by Ivan Kaufman, and through Arbor Commercial Mortgage, LLC, which holds large positions in both common stock and special voting preferred stock. Kaufman also reports related partnership common units that are linked to Arbor Realty Trust common stock.

Does Ivan Kaufman disclaim any beneficial ownership of ABR shares?

Yes. The explanation notes that Mr. Kaufman disclaims beneficial ownership of certain shares of common stock held through Arbor Commercial Mortgage, LLC, except to the extent of his pecuniary interest in those shares.