[Form 4] Arbor Realty Trust, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Arbor Realty Trust director William C. Green received 1,089 fully vested restricted stock units (RSUs) on 08/29/2025 in lieu of dividend equivalents. Each RSU converts into one share of common stock at a reported attributable value of $11.94, and the transaction increased Mr. Green's direct beneficial ownership to 44,428 shares. Mr. Green elected to defer receipt of the underlying common stock until his director service ends or sooner upon a change in control pursuant to a pre-established deferral election.

Positive

• Director compensation settled in equity aligns management and shareholder interests by increasing director share exposure
• RSUs are fully vested, indicating immediate economic ownership (subject to deferral of settlement)

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: A routine director compensation adjustment converting dividend equivalents into vested RSUs with deferred settlement, maintaining direct ownership.

The reported issuance reflects a standard compensation mechanism where dividend equivalents on existing RSUs were settled as additional RSUs rather than cash. The RSUs are fully vested and subject to a deferral election for settlement of shares, which preserves the director's economic exposure while delaying share issuance. This is a non-dilutive, executive-compensation administration measure and does not indicate a change in control, policy, or governance structure.

Securities Analyst

TL;DR: Small, routine insider compensation event with immaterial immediate market impact given size.

The transaction added 1,089 RSUs valued at $11.94 each to a director's holdings, bringing direct beneficial ownership to 44,428 shares. The amount is modest relative to typical outstanding share counts for public REITs and is recorded as an in-kind settlement of dividend equivalents. There are no indications of stock sales or leverage changes by the reporting person; therefore, the event is unlikely to be material to ABR's capitalization or near-term trading dynamics.

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

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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^*

Green William C

(Last) (First) (Middle)

C/O ARBOR REALTY TRUST, INC.

333 EARLE OVINGTON BLVD, SUITE 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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

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

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
Restricted Stock Units	(1)	08/29/2025		A(1)		1,089		(1)	(1)	Common Stock, par value $0.01 per share	1,089	$11.94	44,428	D

Explanation of Responses:

1. On August 29, 2025, Mr. Green received 1,089 fully vested Restricted Stock Units ("RSUs") of Arbor Realty Trust, Inc. (the "Company") in lieu of the dividend equivalent due on Mr. Green's existing RSUs and paid by the Company on August 29, 2025. Mr. Green has elected to defer his dividend equivalents and receipt of the common stock into which the RSUs are converted until his service as a director is terminated, or sooner upon a change in control, pursuant to a pre-established deferral election.

	/s/ Maysa Vahidi, Attorney-in-Fact for William C. Green	09/03/2025
	** 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.
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FAQ

What did William C. Green report on the Form 4 for ABR?

He received 1,089 fully vested RSUs in lieu of dividend equivalents, increasing his direct beneficial ownership to 44,428 shares.

Were the RSUs received by Mr. Green settled immediately into common stock?

No. Mr. Green elected to defer receipt of the common stock into which the RSUs convert until his director service ends or upon a change in control.

What was the reported price or value associated with the RSU transaction?

$11.94 is the reported attributable price per share for the RSU settlement.

Does this Form 4 show any sale or disposal of ABR shares by the reporting person?

No. The filing shows an acquisition of RSUs (equity compensation) and an increase in beneficial ownership; no disposals were reported.

Is this transaction likely to materially affect Arbor Realty Trust's share count or market capitalization?

The filing provides no indication of material dilution or significant market impact; the reported RSU amount is modest and represents compensation settlement.