Sunrise Realty Trust CFO receives 14,134 merger shares

The merger exchange included restricted shares that remain subject to their original vesting schedules.

Available on EDGAR 11/06/2026 - 04:45 PM EST Accepted by SEC EDGAR 11/06/2026 - 04:45 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Sunrise Realty Trust, Inc. (SUNS) CFO and Treasurer Brandon Hetzel received 14,134 common shares on November 5, 2026, when Southern Realty Trust Inc. merged into a wholly owned subsidiary of Sunrise Realty Trust. Each Southern Realty Trust share converted into 1.45 Sunrise Realty Trust shares, rounded up to a whole share, plus $0.05 cash. Of Hetzel’s shares, 12,321 were restricted and remain under their original vesting schedules, and 1,813 were fully vested. He directly held 40,134 shares after the transaction.

Insider Trade Summary

Other: 14,134 shares

Other 1 txn

Insider Hetzel Brandon

Role CFO and Treasurer

Type	Security	Shares	Price	Value
Other	Common Stock F1, F2	14,134	$0.00	$0.00

Holdings After Transaction: Common Stock — 40,134 shares (Direct)

Holdings Before and After: Common Stock, 26,000 to 40,134 shares (Direct)

Footnotes (2)

1. F1. Shares of Sunrise Realty Trust, Inc. (the "Issuer") common stock received on November 5, 2026 upon completion of the merger of Southern Realty Trust Inc. ("SRT") with and into a wholly owned subsidiary of the Issuer, in which each share of SRT common stock was converted into (i) 1.45 shares of Issuer common stock, rounded up to the nearest whole share and (ii) a cash amount equal to $0.05.
2. F2. Includes (i) 12,321 restricted shares of Issuer common stock received in exchange for 8,497 shares of SRT restricted common stock, which remain subject to the original vesting schedules: 3,625 shares vest in equal installments on January 2, 2027 and January 2, 2028, and 8,696 shares vest in substantially equal annual installments on January 2, 2027, 2028 and 2029 and (ii) 1,813 fully vested shares of Issuer common stock received in exchange for 1,250 shares of SRT common stock.

Key Figures

Common shares received: 14,134 shares Direct shares held after transaction: 40,134 shares Restricted shares received: 12,321 shares +4 more

7 metrics

Common shares received 14,134 shares November 5, 2026

Direct shares held after transaction 40,134 shares Following the November 5, 2026 transaction

Restricted shares received 12,321 shares Remain subject to original vesting schedules

Fully vested shares received 1,813 shares Received in exchange for 1,250 Southern Realty Trust common shares

Southern Realty Trust restricted shares exchanged 8,497 shares Exchanged for 12,321 restricted Sunrise Realty Trust shares

Merger exchange ratio 1.45 Sunrise Realty Trust shares per Southern Realty Trust share Shares rounded up to the nearest whole share

Cash amount per Southern Realty Trust share $0.05 Merger exchange consideration

Key Terms

restricted shares, vesting schedules, wholly owned subsidiary

3 terms

restricted shares financial

"12,321 restricted shares of Issuer common stock"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

vesting schedules financial

"remain subject to the original vesting schedules"

wholly owned subsidiary technical

"with and into a wholly owned subsidiary of the Issuer"

A wholly owned subsidiary is a company whose entire ownership is held by another company (the parent), so the parent controls decisions, operations, and finances. Think of it as a fully controlled branch that runs as its own legal entity but whose results flow straight into the parent’s financial statements; investors watch these structures because they affect consolidated revenue, risk exposure, and how profits, liabilities, and cash flow are allocated across the corporate group.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many SUNS shares did CFO and Treasurer Brandon Hetzel receive in the merger?

Brandon Hetzel received 14,134 shares of Sunrise Realty Trust common stock on November 5, 2026. He directly held 40,134 shares after the transaction. The shares were received upon completion of Southern Realty Trust’s merger into a wholly owned subsidiary of Sunrise Realty Trust.

What vesting schedule applies to Brandon Hetzel’s restricted SUNS shares?

12,321 shares remain subject to their original vesting schedules. Of these, 3,625 shares vest in equal installments on January 2, 2027 and January 2, 2028; 8,696 shares vest in substantially equal annual installments on January 2, 2027, 2028 and 2029.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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^*

Hetzel Brandon

(Last) (First) (Middle)

525 OKEECHOBEE BLVD

SUITE 1650

(Street)

WEST PALM BEACH FLORIDA 33401

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Sunrise Realty Trust, Inc. [ SUNS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO and Treasurer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	11/05/2026		J(1)		14,134(2)	A	$0	40,134	D

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. Shares of Sunrise Realty Trust, Inc. (the "Issuer") common stock received on November 5, 2026 upon completion of the merger of Southern Realty Trust Inc. ("SRT") with and into a wholly owned subsidiary of the Issuer, in which each share of SRT common stock was converted into (i) 1.45 shares of Issuer common stock, rounded up to the nearest whole share and (ii) a cash amount equal to $0.05.

2. Includes (i) 12,321 restricted shares of Issuer common stock received in exchange for 8,497 shares of SRT restricted common stock, which remain subject to the original vesting schedules: 3,625 shares vest in equal installments on January 2, 2027 and January 2, 2028, and 8,696 shares vest in substantially equal annual installments on January 2, 2027, 2028 and 2029 and (ii) 1,813 fully vested shares of Issuer common stock received in exchange for 1,250 shares of SRT common stock.

Remarks:

	/s/ Brandon Hetzel	11/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)