Sunrise Realty Trust Inc SEC Filings

Sunrise Realty Trust insider purchases increased reported ownership. Leonard M. Tannenbaum, Executive Chairman, Director and >10% owner, reported purchases of common stock on 08/22/2025 and 08/26/2025 totaling 30,200 shares at weighted-average prices of $11.00 and $10.79 respectively, bringing his direct beneficial ownership to 2,923,226 shares. The filing also discloses significant indirect holdings: 448,681 shares held by the Tannenbaum Family Foundation, 15,000 shares in the Sunny 5 Irrevocable Trust, 58,958 shares in the Tannenbaum Family 2012 Trust, 33,132 shares held by his spouse, and 1,000 shares held as UTMA custodian for his son. Several indirect positions are disclaimed as not directly beneficial to the reporting person.

Leonard M. Tannenbaum, Executive Chairman, Director and 10% owner of Sunrise Realty Trust, Inc. (SUNS), purchased 10,411 shares of SUNS common stock on 08/20/2025 at a weighted average price of $10.42 per share. After the reported purchase, the filing shows 2,893,026 shares held directly by the reporting person. The Form 4 also discloses additional indirect holdings: 448,681 shares held by the Tannenbaum Family Foundation, 15,000 shares in the Sunny 5 Irrevocable Trust, 1,000 shares held as UTMA custodian for his son, 58,958 shares in the Tannenbaum Family 2012 Trust, and 33,132 shares held by his spouse, with standard disclaimers of non-beneficial ownership where noted.

The Form 4 was signed by an attorney-in-fact on 08/21/2025 and includes an explanation that the reported transaction price is a weighted average of multiple trades between $10.40 and $10.44.

Amendment No. 4 to Schedule 13D reports that Leonard M. Tannenbaum increased his beneficial ownership in Sunrise Realty Trust, Inc. Common Stock to 3,391,254 shares, representing 25.3% of the outstanding class based on 13,420,986 shares outstanding as of August 1, 2025. The filing states the additional shares were purchased in multiple open market transactions using personal funds since April 30, 2025, and are detailed on an attached Schedule A. The filing discloses 2,883,615 shares held directly by the reporting person and 507,639 shares held by related family entities for which he disclaims beneficial ownership.

Leonard M. Tannenbaum, Executive Chairman, Director and >10% owner of Sunrise Realty Trust, Inc. (SUNS), reported an open-market purchase of 4,406 shares of the issuer's common stock on 08/15/2025 at a weighted-average price of $10.50 per share. After the reported transaction the filing shows the Reporting Person directly beneficially owns 2,882,615 shares and indirectly beneficially owns additional shares held across related foundations and trusts totaling 556,771 shares (448,681; 15,000; 1,000; 58,958; plus 33,132 held by spouse). The report includes footnotes that several indirect holdings are held by the Tannenbaum Family Foundation and family trusts for which Mr. Tannenbaum disclaims beneficial ownership except to the extent of his pecuniary interest. The Form 4 was executed by an attorney-in-fact on 08/19/2025.

Leonard M. Tannenbaum, Executive Chairman, Director and reported 10% owner of Sunrise Realty Trust (SUNS), purchased a total of 53,175 common shares in two open-market transactions: 20,900 shares on 08/11/2025 at a weighted average price of $10.17 and 32,275 shares on 08/12/2025 at a weighted average price of $10.48. Following these purchases, the report shows direct beneficial ownership of 2,878,209 shares. The filing also discloses additional indirect holdings: 448,681 shares held by the Tannenbaum Family Foundation, 15,000 shares in the Sunny 5 Irrevocable Trust, 58,958 shares in the Tannenbaum Family 2012 Trust, 1,000 held by the reporting person as UTMA custodian for his son, and 33,132 shares held by his spouse; the filing includes disclaimers of beneficial ownership for certain trust and family holdings. No derivative securities were reported in Table II.

Sunrise Realty Trust, Inc. entered an Equity Distribution Agreement on August 13, 2025 with Sunrise Manager LLC and Raymond James & Associates to offer and sell shares of its common stock having an aggregate offering price of up to $50,000,000. The shares may be sold in "at-the-market" transactions under Rule 415(a)(4) through Raymond James, which will use commercially reasonable efforts consistent with its normal sales and trading practices to sell shares as directed by the Company. The Company will pay a sales commission not to exceed 2.0% of gross sales price for shares sold through the Sales Agent. Shares, if sold, will be issued under the Company’s Form S-3 registration statement (No. 333-289188) and related prospectus dated August 6, 2025, as supplemented August 13, 2025. The filing references an attached Equity Distribution Agreement (Exhibit 1.1) and a legal opinion from Venable LLP (Exhibit 5.1).

Sunrise Realty Trust (SUNS) registered an "at the market" offering to sell up to $50,000,000 of common stock through Raymond James as sales agent.

Proceeds are designated to fund existing delayed-draw construction loan commitments, originate new commercial real estate (CRE) loans and for working capital or general corporate purposes, which may include repayment of debt. The company reported an aggregate loan portfolio principal of approximately $251 million as of June 30, 2025. As of August 12, 2025, Sunrise had approximately $67 million outstanding under its revolving credit facility at a 7.10% interest rate and no amounts outstanding under its SRTF credit facility.