Are there indications of further ABR share sales by David Erwin Friedman?

The footnote notes that the remaining 1,155 shares from this tax planning strategy may be sold in the next few days. This language suggests potential near-term additional sales, though the exact timing and execution are not guaranteed.

Arbor Realty Trust (ABR) CCO shifts shares via IRA in mixed buy-sell

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Arbor Realty Trust’s Chief Credit Officer and Head of Non-Agency Product, David Erwin Friedman, reported both buying and selling company stock on May 11, 2026. He purchased 8,840 shares of common stock in an open-market transaction at $6.84 per share and sold 7,685 shares at $6.87 per share.

According to a footnote, these trades are for tax planning purposes, shifting shares he held directly into his Individual Retirement Account. The transactions resulted in a net increase of 1,155 shares, and he now directly owns 59,638 shares of Arbor Realty Trust common stock. The footnote states the remaining 1,155 shares may be sold in the next few days.

Insider Trade Summary

Net Buyer: 1,155 shares ($60,466)

Net Buy 2 txns

Insider Friedman David Erwin

Role CCO & Head of Non-Agcy Prod

Bought 8,840 shs ($60K)

Sold 7,685 shs ($53K)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.01 per share	7,685	$6.87	$53K
Purchase	Common Stock, par value $0.01 per share	8,840	$6.84	$60K

Holdings After Transaction: Common Stock, par value $0.01 per share — 59,638 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares purchased: 8,840 shares Purchase price: $6.84 per share Shares sold: 7,685 shares +3 more

6 metrics

Shares purchased 8,840 shares Open-market purchase at $6.84 on May 11, 2026

Purchase price $6.84 per share Common stock open-market buy on May 11, 2026

Shares sold 7,685 shares Open-market sale at $6.87 on May 11, 2026

Sale price $6.87 per share Common stock open-market sale on May 11, 2026

Net share change 1,155 shares Net buy across reported transactions

Shares owned after transactions 59,638 shares Direct ownership following May 11, 2026 trades

Key Terms

open-market purchase, open-market sale, Individual Retirement Account ("IRA"), tax planning purposes

4 terms

open-market purchase financial

"He purchased 8,840 shares of common stock in an open-market transaction at $6.84 per share"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

open-market sale financial

"and sold 7,685 shares at $6.87 per share in an open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Individual Retirement Account ("IRA") financial

"shifting shares he held directly into his Individual Retirement Account ("IRA") for tax planning purposes"

tax planning purposes financial

"According to a footnote, these trades are for tax planning purposes"

Form 4 Insider Transactions: What Each Field Means →

05/13/2026 - 04:15 PM

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
Estimated average burden
hours per response:			0.5

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^*

Friedman David Erwin

(Last)

(First)

(Middle)

C/O ARBOR REALTY TRUST, INC.

333 EARLE OVINGTON BLVD, SUITE 900

(Street)

UNIONDALE

NEW YORK

11553

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CCO & Head of Non-Agcy Prod

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.01 per share	05/11/2026		S⁽¹⁾		7,685	D	$6.87	59,638	D
Common Stock, par value $0.01 per share	05/11/2026		P⁽¹⁾		8,840	A	$6.84	68,478	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. For tax planning purposes, Mr. Friedman is selling shares held directly and repurchasing the same number of shares through his Individual Retirement Account ("IRA"). On May 11, 2026, Mr. Friedman sold 7,685 shares he held directly and purchased 8,840 shares through his IRA. The remaining 1,155 shares may be sold in the next few days.

	/s/ Maysa Vahidi, Attorney-in-Fact for David E. Friedman	05/13/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did David Erwin Friedman report for Arbor Realty Trust (ABR)?

David Erwin Friedman reported both a purchase and a sale of Arbor Realty Trust common stock on May 11, 2026. He bought 8,840 shares at $6.84 and sold 7,685 shares at $6.87, resulting in a small net share increase.

At what prices did David Erwin Friedman trade ABR shares on May 11, 2026?

He purchased Arbor Realty Trust common stock at $6.84 per share and sold shares at $6.87 per share. Both were open-market transactions, reflecting closely similar prices during the same trading day for tax and account-planning purposes.

How many Arbor Realty Trust (ABR) shares does David Erwin Friedman hold after these transactions?

Following the reported transactions, David Erwin Friedman directly owns 59,638 shares of Arbor Realty Trust common stock. This reflects a net increase of 1,155 shares compared with his position before the May 11, 2026 trades disclosed in the filing.

What was the purpose of David Erwin Friedman’s recent ABR stock trades?

A filing footnote states the trades were for tax planning purposes. Friedman sold 7,685 shares held directly and repurchased 8,840 shares through his Individual Retirement Account, effectively moving his position into the IRA structure while modestly increasing his total shares.

Did David Erwin Friedman’s ABR transactions result in a net buy or net sale of shares?

Overall, the activity represents a net buy of Arbor Realty Trust shares. He purchased 8,840 shares and sold 7,685 shares, increasing his holdings by 1,155 shares while also shifting ownership into his Individual Retirement Account.