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
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.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 32,275 | $10.48 | $338K |
| Purchase | Common Stock | 20,900 | $10.17 | $213K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (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. 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. 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.
