Arbor Realty Trust (ABR) director reports 1,161 fully vested RSUs on Form 4

Rhea-AI Filing Summary

Arbor Realty Trust director reports dividend-equivalent RSUs

Arbor Realty Trust, Inc. director Melvin F. Lazar reported receiving 1,161 fully vested restricted stock units (RSUs) of the company on November 26, 2025. These RSUs were granted in lieu of the dividend equivalent due on his existing RSUs and were paid by the company on the same date. Following this transaction, Mr. Lazar beneficially owned 36,101 derivative securities in the form of RSUs. He has elected to defer both his dividend equivalents and the receipt of the common stock issuable upon RSU conversion until his board service ends, or earlier upon a change in control, under a pre-established deferral election.

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^*

LAZAR MELVIN F

(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)
11/26/2025

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)	11/26/2025		A(1)		1,161		(1)	(1)	Common Stock, par value $0.01 per share	1,161	$9.03	36,101	D

Explanation of Responses:

1. On November 26, 2025, Mr. Lazar received 1,161 fully vested Restricted Stock Units ("RSUs") of Arbor Realty Trust, Inc. (the "Company") in lieu of the dividend equivalent due on Mr. Lazar's existing RSUs and paid by the Company on November 26, 2025. Mr. Lazar 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 Melvin F. Lazar	12/01/2025
	** 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).
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FAQ

What insider transaction did Arbor Realty Trust (ABR) report for Melvin F. Lazar?

Arbor Realty Trust director Melvin F. Lazar reported receiving 1,161 fully vested restricted stock units (RSUs) on November 26, 2025, issued as a dividend equivalent on his existing RSUs.

How many Arbor Realty Trust RSUs does Melvin F. Lazar beneficially own after this Form 4?

After the reported transaction, Melvin F. Lazar beneficially owned 36,101 derivative securities in the form of RSUs of Arbor Realty Trust, Inc.

Why did Melvin F. Lazar receive 1,161 Arbor Realty Trust RSUs?

The 1,161 RSUs were granted to Melvin F. Lazar by Arbor Realty Trust in lieu of a cash dividend equivalent owed on his existing RSUs, with the dividend paid on November 26, 2025.

When will Melvin F. Lazar receive Arbor Realty Trust common stock from these RSUs?

Melvin F. Lazar has elected to defer receipt of the common stock underlying his RSUs until his service as a director ends, or earlier if there is a change in control, under a pre-established deferral election.

Are the RSUs reported by Melvin F. Lazar immediately vested at Arbor Realty Trust (ABR)?

Yes. The filing states that on November 26, 2025, Melvin F. Lazar received 1,161 fully vested RSUs of Arbor Realty Trust, Inc. as dividend equivalents.