What was the net effect of David Erwin Friedman’s ABR trades on his share count?

Combined, the trades produced a net buy of 1,155 shares of Arbor Realty Trust common stock. He sold 7,685 shares directly but bought 8,840 through his Individual Retirement Account, ending with 68,478 shares held directly after the transactions.

Arbor Realty Trust (NYSE: ABR) CCO rebalances shares via IRA

Q: How many ABR shares does David Erwin Friedman hold directly after these transactions?

After the reported trades, he holds 68,478 common shares directly. This balance reflects a net increase of 1,155 shares from the combined sale and purchase activity disclosed for May 11, 2026 in the Form 4 report.

Q: What was the stated purpose of David Erwin Friedman’s ABR stock trades?

A footnote explains that, for tax planning purposes , Mr. Friedman is selling shares held directly and repurchasing the same number through his Individual Retirement Account. On May 11, 2026, he sold 7,685 shares directly and bought 8,840 shares in his IRA.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Arbor Realty Trust Inc executive David Erwin Friedman reported mixed trades in common stock on May 11, 2026 for tax planning purposes. He sold 7,685 shares held directly at $6.8700 per share and purchased 8,840 shares at $6.8400 per share through his Individual Retirement Account. Following these trades, he held 68,478 common shares directly, a net increase of 1,155 shares.

Insider Trade Summary

Net Buyer: 1,155 shares

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 — 68,478 shares (Direct)

Footnotes (1)

F1. 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.

Key Figures

Shares sold: 7,685 shares Sale price: $6.8700 per share Shares purchased: 8,840 shares +3 more

6 metrics

Shares sold 7,685 shares Common stock sale reported for 2026-05-11

Sale price $6.8700 per share Price for 7,685-share sale of common stock

Shares purchased 8,840 shares Common stock purchase reported for 2026-05-11

Purchase price $6.8400 per share Price for 8,840-share purchase via IRA

Net share change 1,155 shares Net buy shares from combined sale and purchase

Post-transaction holding 68,478 shares Direct holdings of common stock after reported trades

Key Terms

Individual Retirement Account ("IRA"), tax planning purposes, open market or private transaction

3 terms

Individual Retirement Account ("IRA") financial

"repurchasing the same number of shares through his Individual Retirement Account ("IRA")"

tax planning purposes financial

"For tax planning purposes, Mr. Friedman is selling shares held directly"

open market or private transaction financial

"Sale in open market or private transaction"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/13/2026 - 04:15 PM

FAQ

What trades in ABR stock did David Erwin Friedman report on May 11, 2026?

He reported selling 7,685 Arbor Realty Trust common shares at $6.8700 per share and buying 8,840 shares at $6.8400 through his Individual Retirement Account. These mixed trades were for tax planning purposes and resulted in a net increase of 1,155 shares.

How many ABR shares does David Erwin Friedman hold directly after these transactions?

After the reported trades, he holds 68,478 common shares directly. This balance reflects a net increase of 1,155 shares from the combined sale and purchase activity disclosed for May 11, 2026 in the Form 4 report.

Were David Erwin Friedman’s ABR trades made under a Rule 10b5-1 plan?

The Form 4’s Rule 10b5-1 checkbox is marked “no,” meaning the trades were not reported as made under a Rule 10b5-1 trading plan. A footnote instead describes them as undertaken for tax planning purposes involving his Individual Retirement Account.

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

A footnote explains that, for tax planning purposes, Mr. Friedman is selling shares held directly and repurchasing the same number through his Individual Retirement Account. On May 11, 2026, he sold 7,685 shares directly and bought 8,840 shares in his IRA.

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