Here are the Form 4 insider transactions from Chicago Atlantic Real Estate Finance, Inc. (REFI) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow REFI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full REFI filings page.
Chicago Atlantic Real Estate Finance, Inc. (REFI) Executive Chairman and director John Mazarakis reported open-market purchases of the company’s common stock. On August 26, 2026, he purchased 40,181 shares at a weighted-average price of $10.6666 per share, with trade prices ranging from $10.65 to $10.67. On August 27, 2026, he purchased an additional 7,530 shares at $10.67 per share. The filing also reports indirect holdings of 5,000 shares held by his spouse and 31,524 shares held through Joppa Seasoning, LLC, for which he disclaims beneficial ownership except to the extent of his pecuniary interest. The Rule 10b5-1 checkbox is not marked, indicating these trades were not reported as made under a trading plan.
Chicago Atlantic Real Estate Finance, Inc. (REFI) reported an insider purchase by Executive Chairman John Mazarakis. On 2026-08-21 he purchased 145 shares of common stock at $10.67 per share, bringing his direct holdings to 478,851 shares. He is also reported as having indirect holdings of 5,000 shares by his spouse and 31,524 shares through Joppa Seasoning, LLC, for which he disclaims beneficial ownership except to the extent of his pecuniary interest. The Rule 10b5-1 checkbox was not marked as being pursuant to a trading plan.
Chicago Atlantic Real Estate Finance, Inc. (REFI) director and Co-Chief Executive Officer Peter Sack reported open-market purchases of a total of 5,000 shares of common stock on August 18–19, 2026 at prices between $10.39 and $10.53 per share. A related footnote states that on April 20, 2026, he was awarded 37,099 restricted shares under the company’s 2021 Omnibus Incentive Plan, vesting in three equal annual installments over 36 months.
Chicago Atlantic Real Estate Finance, Inc. (REFI) director and Executive Chairman John Mazarakis reported purchasing 25,000 shares of common stock on August 17, 2026 at a weighted-average price of $10.25 per share, in multiple trades between $10.17 and $10.29. Following this open-market purchase, he directly holds 478,706 shares. He also reports indirect holdings of 5,000 shares held by his spouse and 31,524 shares held through interests in Joppa Seasoning, LLC, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
Chicago Atlantic Real Estate Finance, Inc. (REFI) reported that Co-Chief Executive Officer and director Anthony Cappell purchased 45,000 shares of common stock on August 17, 2026 in an open-market or private transaction. The weighted-average purchase price was $10.405 per share, with individual trade prices ranging from $10.32 to $10.42. Following this transaction, Cappell directly holds 466,706 REFI shares.
Konigsberg Brandon reported acquisition or exercise transactions in this Form 4 filing.
Chicago Atlantic Real Estate Finance director Brandon Konigsberg received a stock award, increasing his direct holdings. On April 20, 2026, he was granted 6,324 restricted shares of common stock under the company’s 2021 Omnibus Incentive Plan at no cash cost. These restricted shares will vest over a one-year period according to the award terms. Following this grant, he directly owns 33,870 shares of the company’s common stock.
Kite David reported acquisition or exercise transactions in this Form 4 filing.
Chicago Atlantic Real Estate Finance, Inc. reported that President and COO David Kite received a grant of 37,099 restricted shares of common stock on April 20, 2026 under the company’s 2021 Omnibus Incentive Plan. These restricted shares vest in three equal installments after 12, 24 and 36 months, tying value to ongoing service. Following this award, Kite directly holds 96,615 common shares. The grant is compensation-related rather than an open-market purchase.
Silverman Phillip reported acquisition or exercise transactions in this Form 4 filing.
Chicago Atlantic Real Estate Finance, Inc. Chief Financial Officer Phillip Silverman received a grant of 32,462 restricted shares of common stock on April 20, 2026 under the company’s 2021 Omnibus Incentive Plan. These restricted shares vest in three equal installments over three years, and following the award he directly holds 71,516 common shares.
Stavola Elizabeth Mary reported acquisition or exercise transactions in this Form 4 filing.
Chicago Atlantic Real Estate Finance, Inc. director Elizabeth Mary Stavola received an equity award of 6,324 shares of common stock on April 20, 2026. The filing shows these are restricted shares granted at no cash cost as part of her compensation package.
According to the award terms, the 6,324 restricted shares will vest over a one-year period, meaning she earns full ownership gradually during that time. After this grant, she holds 6,324 common shares directly, indicating this is a relatively small, routine compensation-related equity award rather than an open-market stock purchase or sale.
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.
Chicago Atlantic Real Estate Finance, Inc. director and Co-Chief Executive Officer Anthony Cappell received a grant of 37,099 restricted shares of common stock as equity compensation. The award was made under the company’s 2021 Omnibus Incentive Plan and carries no cash exercise price.
The 37,099 restricted shares will vest in three equal installments over three years, with one-third vesting after 12, 24, and 36 months, respectively. Following this grant, Cappell directly holds a total of 421,706 shares of common stock, reflecting both existing holdings and the new award.
Papastavrou Jason D reported acquisition or exercise transactions in this Form 4 filing.
Chicago Atlantic Real Estate Finance, Inc. director Jason D. Papastavrou received a grant of 6,324 restricted shares of common stock on April 20, 2026 under the company’s 2021 Omnibus Incentive Plan. These restricted shares will vest over a one-year period.
Following this award, he directly holds 55,870 common shares. The filing also lists 3,000 shares held by him as custodian for Michael Athans and 5,000 shares held by him as trustee for the Michael Athans Trust, for which he disclaims beneficial ownership except for any pecuniary interest.
Sack Peter reported acquisition or exercise transactions in this Form 4 filing.
Chicago Atlantic Real Estate Finance, Inc. director and Co-Chief Executive Officer Peter Sack received an equity award of 37,099 restricted shares of common stock on April 20, 2026 under the company’s 2021 Omnibus Incentive Plan. These restricted shares vest in three equal installments after 12, 24 and 36 months, tying compensation to continued service and future performance. Following this grant, Sack holds a total of 118,356 shares of common stock directly.