Sunrise Realty Trust (SUNS) chair Leonard Tannenbaum adds 48,109 SUNS shares in open-market buys
Rhea-AI Filing Summary
Sunrise Realty Trust, Inc. Executive Chairman and 10% owner Leonard M. Tannenbaum reported open-market purchases of the company’s Common Stock. He bought 23,109 shares at $7.73 on August 7, 2026 and 25,000 shares at $7.79 on August 10, 2026, totaling 48,109 shares acquired. The filing also lists indirect holdings, including shares held by family trusts, a family foundation, a UTMA custodial account, and the reporting person’s spouse, with multiple footnotes disclaiming beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 48,109 shares
Net Buy
7 txns
Insider
TANNENBAUM LEONARD M
Role
Executive Chairman
Bought
48,109 shs ($373K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F2 | 25,000 | $7.79 | $195K |
| Purchase | Common Stock F1 | 23,109 | $7.73 | $179K |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,072,719 shares (Direct);
Common Stock — 659,639 shares (Indirect, See footnote);
Common Stock — 1,000 shares (Indirect, By reporting person as UTMA custodian for son);
Common Stock — 46,516 shares (Indirect, Held by spouse)
Footnotes (6)
- F1. This transaction was executed in multiple trades ranging from $7.66 to $7.77; 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.
- F2. This transaction was executed in multiple trades ranging from $7.76 to $7.80; 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.
- F3. 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.
- F4. 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.
- F5. These shares are held by the Tannenbaum Family 2012 Trust for benefit of certain members of the Reporting Person's family, for which Gabriel Katz is a Co-Trustee. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.
- F6. 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.
Key Figures
Shares purchased 2026-08-10: 25,000 shares at $7.79 per share
Shares purchased 2026-08-07: 23,109 shares at $7.73 per share
Total shares purchased: 48,109 shares
+4 more
7 metrics
Shares purchased 2026-08-10
25,000 shares at $7.79 per share
Open-market purchase of Common Stock by Executive Chairman Leonard M. Tannenbaum
Shares purchased 2026-08-07
23,109 shares at $7.73 per share
Open-market purchase of Common Stock by Leonard M. Tannenbaum
Total shares purchased
48,109 shares
Sum of reported open-market purchases in this Form 4
Price range 2026-08-07 trades
$7.66 to $7.77
Footnote F1 range; weighted average price reported as $7.73
Price range 2026-08-10 trades
$7.76 to $7.80
Footnote F2 range; weighted average price reported as $7.79
UTMA custodial holding
1,000 shares
Indirect ownership by reporting person as UTMA custodian for son
Spousal indirect holding
46,516 shares
Indirect ownership reported as held by spouse with beneficial ownership disclaimed
Key Terms
weighted average price, pecuniary interest, beneficial ownership, UTMA custodian, +1 more
5 terms
weighted average price financial
"the price reported reflects the weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
pecuniary interest financial
"disclaims beneficial ownership ... except to the extent of his pecuniary interest"
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the reported securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
UTMA custodian financial
"By reporting person as UTMA custodian for son"
irrevocable trust financial
"These shares are held by the Sunny 5 Irrevocable Trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
FAQ
What insider transactions did SUNS Executive Chairman Leonard M. Tannenbaum report?
Leonard M. Tannenbaum reported two open-market purchases of Sunrise Realty Trust (SUNS) Common Stock, acquiring 48,109 shares in total on August 7 and August 10, 2026 at per-share prices around $7.73–$7.79, according to the Form 4 filing.
Were Leonard M. Tannenbaum’s SUNS trades made under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked as affirmatively used, and no footnote states the purchases were made under a Rule 10b5-1 or similar pre-arranged trading plan, based on the information provided in the filing data.
AI-generated analysis. How Rhea-AI works. Not financial advice.
