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

Rhea-AI Filing Summary

Arbor Realty Trust director Kenneth J. Bacon received 248 fully vested Restricted Stock Units (RSUs) on 08/29/2025, issued in lieu of dividend equivalents on his existing RSUs. Each RSU conversion is reported at a price of $11.94 and following the award Mr. Bacon beneficially owns 10,091 shares of Arbor Realty Trust, Inc. (ABR). Mr. Bacon elected a pre-established deferral: the dividend equivalents and the common stock into which the RSUs convert will be deferred until January 1, 2027, or earlier upon a change in control or termination of his directorship. The Form 4 is signed by an attorney-in-fact and reports the issuance as an acquisition (A) of equity compensation.

Positive

• Received 248 fully vested RSUs, increasing the reporting person’s beneficial position to 10,091 shares
• Deferral election in place — dividend equivalents and stock receipt deferred until 01/01/2027 or earlier upon change in control/termination, indicating a pre-established compensation election

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine director equity award: 248 vested RSUs added to a 10,091-share beneficial position with deferred payout.

This Form 4 documents a non-derivative acquisition of 248 fully vested Restricted Stock Units by a company director, recorded at $11.94 per share. The filing is a standard disclosure of equity compensation rather than a market-timing trade. The reporting person elected a deferral of cash/stock conversion until 01/01/2027 (or upon change in control/termination), which is consistent with pre-established deferral plans and affects the timing of share delivery rather than immediate share sale or purchase activity. Impact on outstanding shares or dilution is not stated in the filing.

Corporate Governance Expert

TL;DR: Governance-standard compensation disclosure; deferral election aligns with typical director compensation practices.

The disclosure reflects governance-standard practice of granting dividend equivalents as RSUs and allowing directors to defer receipt. The filing shows no indication of abnormal insider trading or a change in control event. Because the award was fully vested when issued and the recipient deferred receipt of stock, this is primarily a timing/compensation matter with limited immediate governance implications. The filing does not indicate any new agreements or departures from standard practices.

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

OMB Number:			3235-0287
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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^*

BACON KENNETH J

(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)		248		(1)	(1)	Common Stock, par value $0.01 per share	248	$11.94	10,091	D

Explanation of Responses:

1. On August 29, 2025, Mr. Bacon received 248 fully vested Restricted Stock Units ("RSUs") of Arbor Realty Trust, Inc. (the "Company") in lieu of the dividend equivalent due on Mr. Bacon's existing RSUs and paid by the Company on August 29, 2025. Mr. Bacon has elected to defer his dividend equivalents and receipt of the common stock into which the RSUs are converted until January 1, 2027, or sooner upon a change in control or his service as a director is terminated, pursuant to a pre-established deferral election.

	/s/ John Bishar, Attomey-in-Fact for Kenneth J. Bacon	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 Kenneth J. Bacon report on the Form 4 for ABR?

He reported receiving 248 fully vested RSUs on 08/29/2025, in lieu of dividend equivalents, and now beneficially owns 10,091 shares.

What is the reported per-share price for the RSUs on the Form 4?

$11.94 per share is the price listed in the filing for the reported RSU transaction.

When will Kenneth J. Bacon receive the shares from the deferred RSUs?

Receipt is deferred until January 1, 2027, or sooner upon a change in control or termination of his service as a director, per his deferral election.

Does the Form 4 indicate a sale or disposition of shares by the director?

No. The filing records an acquisition (A) of RSUs and a deferral election; it does not report any disposals.

Is this Form 4 filing indicative of a change in control at Arbor Realty Trust (ABR)?

No. The filing notes that deferred receipt may accelerate upon a change in control, but it does not report any change in control event.