Sunrise Realty (SUNS) Insider Purchase: Tannenbaum Adds 10,411 Shares

Rhea-AI Filing Summary

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.

Positive

• Insider purchase disclosed: 10,411 shares acquired on 08/20/2025 at a weighted average price of $10.42
• Direct holdings remain substantial: reporting person holds 2,893,026 shares directly after the transaction
• Transparent disclosures: footnotes explain foundation and trust holdings and provide price range for multiple trades

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider purchase increased direct stake; transaction appears routine and small relative to total holdings.

The 10,411-share open-market purchase at a weighted average of $10.42 raised Mr. Tannenbaum's direct holdings to 2,893,026 shares. This filing is a standard Section 16 disclosure showing an insider accumulation through multiple trades. The transaction size and the presence of multiple indirect family and foundation holdings suggest concentrated long-term exposure, but the filing does not disclose overall float percentage or market-impacting details.

Corporate Governance Expert

TL;DR: Filing is a routine, compliant disclosure of an insider purchase with appropriate ownership disclaimers.

The report properly identifies roles (Executive Chairman, Director, 10% owner), discloses direct and indirect holdings, and provides explanatory footnotes for foundation and trust holdings with disclaimers of beneficial ownership to the extent stated. Execution was via multiple trades with a disclosed weighted average price and an attorney-in-fact signature, consistent with standard governance and reporting practices.

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

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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)
08/20/2025

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	08/20/2025		P		10,411	A	$10.42(1)	2,893,026	D
Common Stock								448,681	I	See footnote(2)
Common Stock								15,000	I	See footnote(3)
Common Stock								1,000	I	By reporting person as UTMA custodian for son
Common Stock								58,958	I	See footnote(4)
Common Stock								33,132	I	Held by spouse(5)

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 $10.40 to $10.44; 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. 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.

3. 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.

4. 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.

5. 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	08/21/2025
	** 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 transaction did Leonard M. Tannenbaum report for SUNS on 08/20/2025?

He purchased 10,411 shares of Sunrise Realty Trust common stock in multiple trades at a weighted average price of $10.42 per share.

How many SUNS shares does the reporting person hold directly after the Form 4 transaction?

2,893,026 shares are reported as directly beneficially owned following the purchase.

Are there additional indirect holdings disclosed by the reporting person in the Form 4?

Yes: 448,681 shares (Tannenbaum Family Foundation), 15,000 shares (Sunny 5 Irrevocable Trust), 1,000 shares (UTMA custodian), 58,958 shares (Tannenbaum Family 2012 Trust), and 33,132 shares held by spouse.

What price range did the Form 4 disclose for the multiple trades underlying the reported purchase?

Trades ranged from $10.40 to $10.44, with the file reporting a weighted average of $10.42.

When was the Form 4 signed and by whom?

Signed by an attorney-in-fact, Brandon Hetzel, on 08/21/2025 on behalf of the reporting person.