Leonard Tannenbaum Acquires 53,175 SUNS Shares; Direct Stake 2.88M

Rhea-AI Filing Summary

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.

Positive

• Insider purchases totaling 53,175 shares on 08/11/2025 and 08/12/2025 at weighted average prices of $10.17 and $10.48 respectively
• Direct beneficial ownership increased to 2,878,209 shares, and the filing discloses multiple indirect holdings (foundation, trusts, spouse, UTMA) with stated disclaimers

Negative

• None.

Insights

Financial Analyst

Insider purchased 53,175 SUNS shares in two trades, increasing direct holdings to 2,878,209 shares.

The Form 4 documents open-market purchases totaling 53,175 common shares executed on 08/11/2025 and 08/12/2025 at weighted average prices of $10.17 and $10.48 respectively. Such purchases increase the reporting person's direct stake to 2,878,209 shares. The filing provides transparent pricing ranges and commits to supplying detailed trade information on request. The transactions are straightforward purchases with no associated derivative activity reported.

Corporate Governance Expert

Routine Section 16 disclosure: purchases and multiple indirect holdings disclosed with customary disclaimers.

The report identifies the reporting person as Executive Chairman, Director and 10% owner and lists family- and foundation-held shares with disclaimers of beneficial ownership except to the extent of any pecuniary interest. The filing was signed by an attorney-in-fact, indicating use of a representative for execution. No sales or derivative transactions are reported; this is a routine insider purchase disclosure rather than a corporate-action filing.

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)
08/11/2025

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	08/11/2025		P		20,900	A	$10.17(1)	2,845,934	D
Common Stock	08/12/2025		P		32,275	A	$10.48(2)	2,878,209	D
Common Stock								448,681	I	See footnote(3)
Common Stock								15,000	I	See footnote(4)
Common Stock								1,000	I	By reporting person as UTMA custodian for son
Common Stock								58,958	I	See footnote(5)
Common Stock								33,132	I	Held by spouse(6)

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 $10.08 to $10.19; 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 $10.44 to $10.50; 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. 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.

4. 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.

5. 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.

6. 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	08/13/2025
	** 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.

FAQ

What transactions did Leonard M. Tannenbaum report on Form 4 for SUNS?

The Form 4 reports purchases of 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, totaling 53,175 shares.

What is Leonard M. Tannenbaum's role at Sunrise Realty Trust (SUNS)?

The filing lists the reporting person as Executive Chairman, a Director, and a reported 10% owner of the issuer.

How many SUNS shares does Tannenbaum directly and indirectly hold after these transactions?

Direct holdings are reported as 2,878,209 shares. Indirect holdings disclosed include 448,681 (Tannenbaum Family Foundation), 15,000 (Sunny 5 Irrevocable Trust), 58,958 (Tannenbaum Family 2012 Trust), 1,000 (UTMA custodian), and 33,132 (spouse), with disclaimers noted.

Were any derivative securities reported for SUNS in this Form 4?

No. Table II of the filing shows no derivative securities acquired, disposed of, or beneficially owned.

Who signed the Form 4 for the reporting person?

The filing is executed by Brandon Hetzel as Attorney-in-Fact for the reporting person.