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  4. [Form 4] Sunrise Realty Trust, Inc. Insider Trading Activity

Sunrise Realty Trust (SUNS) executive chairman reports November share buys

Filing Impact
(Moderate)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Sunrise Realty Trust, Inc. (SUNS) reported insider buying by an executive chairman and 10% owner. On 11/18/2025, the reporting person purchased 17,790 shares of common stock at a weighted average price of $9.45. On 11/19/2025, they bought another 3,592 shares at $9.48, and on 11/20/2025 they acquired 21,408 shares at $9.39, in each case through multiple trades within narrow price ranges.

After these transactions, the reporting person directly owned 2,998,226 SUNS common shares. They also reported several indirect holdings, including shares held by family trusts, a family foundation, as custodian for a child, and by a spouse, with beneficial ownership in some cases disclaimed except to the extent of any pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider TANNENBAUM LEONARD M
Role Executive Chairman
Bought 42,790 shs ($403K)
Type Security Shares Price Value
Purchase Common Stock 21,408 $9.39 $201K
Purchase Common Stock 3,592 $9.48 $34K
Purchase Common Stock 17,790 $9.45 $168K
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 2,998,226 shares (Direct); Common Stock — 448,681 shares (Indirect, See footnote)
Footnotes (1)
  1. This transaction was executed in multiple trades ranging from $9.39 to $9.51; the price reported reflects the weighted average price. The Reporting Person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or any security holder of the issuer. This transaction was executed in multiple trades ranging from $9.47 to $9.50; the price reported reflects the weighted average price. The Reporting Person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or any security holder of the issuer. This transaction was executed in multiple trades ranging from $9.32 to $9.45; the price reported reflects the weighted average price. The Reporting Person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or any security holder of the issuer. These shares are held by the Tannenbaum Family Foundation (formerly known as the Leonard M. Tannenbaum Foundation), for which the Reporting Person serves as the President. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest. These shares are held by the Sunny 5 Irrevocable Trust for benefit of certain members of the Reporting Person's family, for which Jeffrey Boccuzzi is a Co-Trustee. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest. These shares are held by the Tannenbaum Family 2012 Trust for benefit of certain members of the Reporting Person's family, for which Jeffrey Boccuzzi is a Co-Trustee. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
Form 4 Insider Transactions: What Each Field Means →
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*
TANNENBAUM LEONARD M
(Last) (First) (Middle)
525 OKEECHOBEE BLVD
SUITE 1650
(Street)
WEST PALM BEACH FL 33401
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Sunrise Realty Trust, Inc. [ SUNS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Executive Chairman
3. Date of Earliest Transaction (Month/Day/Year)
11/18/2025
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
Common Stock 11/18/2025 P 17,790 A $9.45(1) 2,973,226 D
Common Stock 11/19/2025 P 3,592 A $9.48(2) 2,976,818 D
Common Stock 11/20/2025 P 21,408 A $9.39(3) 2,998,226 D
Common Stock 448,681 I See footnote(4)
Common Stock 15,000 I See footnote(5)
Common Stock 1,000 I By reporting person as UTMA custodian for son
Common Stock 58,958 I See footnote(6)
Common Stock 33,132 I Held by spouse(7)
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
Explanation of Responses:
1. This transaction was executed in multiple trades ranging from $9.39 to $9.51; the price reported reflects the weighted average price. The Reporting Person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or any security holder of the issuer.
2. This transaction was executed in multiple trades ranging from $9.47 to $9.50; the price reported reflects the weighted average price. The Reporting Person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or any security holder of the issuer.
3. This transaction was executed in multiple trades ranging from $9.32 to $9.45; the price reported reflects the weighted average price. The Reporting Person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or any security holder of the issuer.
4. These shares are held by the Tannenbaum Family Foundation (formerly known as the Leonard M. Tannenbaum Foundation), for which the Reporting Person serves as the President. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.
5. These shares are held by the Sunny 5 Irrevocable Trust for benefit of certain members of the Reporting Person's family, for which Jeffrey Boccuzzi is a Co-Trustee. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.
6. These shares are held by the Tannenbaum Family 2012 Trust for benefit of certain members of the Reporting Person's family, for which Jeffrey Boccuzzi is a Co-Trustee. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.
7. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
Remarks:
/s/ Brandon Hetzel, as Attorney-in-Fact 11/20/2025
** 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).
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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions were reported for SUNS on this Form 4?

The reporting person in Sunrise Realty Trust, Inc. (SUNS) disclosed open-market purchases of 17,790 shares at $9.45 on 11/18/2025, 3,592 shares at $9.48 on 11/19/2025, and 21,408 shares at $9.39 on 11/20/2025.

What is the reporting person’s role and relationship to SUNS?

The reporting person is a Director, Executive Chairman, and a reported 10% Owner of Sunrise Realty Trust, Inc. (SUNS).

How many SUNS shares does the insider own directly after these trades?

Following the reported transactions, the insider directly beneficially owned 2,998,226 shares of SUNS common stock.

What indirect SUNS shareholdings are reported on this Form 4?

Indirect holdings include 448,681 shares held by the Tannenbaum Family Foundation, 15,000 shares in the Sunny 5 Irrevocable Trust, 1,000 shares as UTMA custodian for a son, 58,958 shares in the Tannenbaum Family 2012 Trust, and 33,132 shares held by the spouse.

Does the reporting person claim full beneficial ownership of all indirect SUNS shares?

No. For several trusts and the family foundation, the reporting person disclaims beneficial ownership of the securities except to the extent of any pecuniary interest, and also disclaims beneficial ownership of shares held by the spouse.

How were the reported SUNS trade prices calculated on this Form 4?

Each reported price ($9.45, $9.48, and $9.39) is a weighted average for multiple trades within specified price ranges, with the reporting person undertaking to provide full trade details upon request.