Chicago Atlantic (REFI) chair awarded 37,099 restricted shares in equity grant
Rhea-AI Filing Summary
Mazarakis John reported acquisition or exercise transactions in this Form 4 filing.
Chicago Atlantic Real Estate Finance, Inc. disclosed that Executive Chairman John Mazarakis was granted 37,099 restricted shares of common stock under its 2021 Omnibus Incentive Plan. The award vests in three equal installments after 12, 24 and 36 months.
Following this grant, Mazarakis directly holds 453,706 common shares. Additional indirect holdings are 31,524 shares through interests in Joppa Seasoning, LLC and 5,000 shares held by his spouse, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 37,099 shares
Net Buy
3 txns
Insider
Mazarakis John
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 37,099 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 453,706 shares (Direct);
Common Stock — 5,000 shares (Indirect, By spouse);
Common Stock — 31,524 shares (Indirect, Held through ownership of interests in Joppa Seasoning, LLC)
Footnotes (2)
- F1. On April 20, 2026, Mr. Mazarakis was awarded 37,099 restricted shares of common stock under the Chicago Atlantic Real Estate Finance, Inc. 2021 Omnibus Incentive Plan. Pursuant to the terms of the award agreement, the 37,099 restricted shares of common stock will vest over a three-year period, with one-third of the restricted stock vesting after 12 months, 24 months and 36 months, respectively.
- F2. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
Key Figures
Restricted stock award: 37,099 shares
Direct holdings after award: 453,706 shares
Indirect LLC holdings: 31,524 shares
+2 more
5 metrics
Restricted stock award
37,099 shares
Granted on April 20, 2026 under 2021 Omnibus Incentive Plan
Direct holdings after award
453,706 shares
Common stock directly owned by John Mazarakis after grant
Indirect LLC holdings
31,524 shares
Held through interests in Joppa Seasoning, LLC
Spousal holdings
5,000 shares
Common stock held by spouse; beneficial ownership disclaimed except pecuniary interest
Vesting structure
Three equal tranches
Vests in thirds after 12, 24 and 36 months
Key Terms
restricted shares, 2021 Omnibus Incentive Plan, beneficial ownership, pecuniary interest, +1 more
5 terms
2021 Omnibus Incentive Plan financial
"under the Chicago Atlantic Real Estate Finance, Inc. 2021 Omnibus Incentive Plan"
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
indirect ownership financial
"Held through ownership of interests in Joppa Seasoning, LLC"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Chicago Atlantic (REFI) Executive Chairman John Mazarakis report in this Form 4?
John Mazarakis reported receiving 37,099 restricted shares of Chicago Atlantic common stock as an award. The filing also lists his updated direct and indirect holdings following this equity grant.