Sunrise Realty (SUNS) chair adds 50,000 shares in open-market buy
Rhea-AI Filing Summary
Sunrise Realty Trust, Inc. (SUNS) Executive Chairman, director, and more-than-10% owner Leonard M. Tannenbaum reported purchasing 50,000 shares of common stock on 2026-08-13 at $7.50 per share in an open-market or private transaction. Following this transaction, he directly holds 3,142,719 shares of common stock. Additional common shares are reported as held indirectly through a family foundation and family trusts, where he serves in certain roles and disclaims beneficial ownership except to the extent of his pecuniary interest, as well as 1,000 shares held as UTMA custodian for his son and 46,516 shares held by his spouse, for which he also disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 50,000 shares
Net Buy
6 txns
Insider
TANNENBAUM LEONARD M
Role
Executive Chairman
Bought
50,000 shs ($375K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 50,000 | $7.50 | $375K |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,142,719 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 (4)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. 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: 50,000 shares
Purchase price: $7.50 per share
Direct holdings after transaction: 3,142,719 shares
+2 more
5 metrics
Shares purchased
50,000 shares
Common Stock purchase on 2026-08-13
Purchase price
$7.50 per share
Common Stock transaction on 2026-08-13
Direct holdings after transaction
3,142,719 shares
Common Stock directly held following the 50,000-share purchase
UTMA custodian holdings
1,000 shares
Common Stock held by reporting person as UTMA custodian for son
Spouse-held shares
46,516 shares
Common Stock held by spouse, with beneficial ownership disclaimed
Key Terms
pecuniary interest, beneficial ownership, UTMA custodian, more-than-10% owner
4 terms
pecuniary interest financial
"except to the extent of his pecuniary interest"
beneficial ownership financial
"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"
more-than-10% owner financial
"is_ten_percent_owner": 1"
FAQ
What insider transaction did SUNS Executive Chairman Leonard M. Tannenbaum report on this Form 4?
Leonard M. Tannenbaum reported purchasing 50,000 shares of Sunrise Realty Trust (SUNS) common stock on 2026-08-13 at $7.50 per share. The transaction is coded as a purchase in an open-market or private transaction, increasing his directly held common shares.
Does this SUNS Form 4 state that the transaction was under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not affirmed, and there is no footnote indicating that the 50,000-share purchase was made pursuant to a pre-arranged trading plan, so the transaction is not reported as 10b5-1.
What is Leonard M. Tannenbaum’s role at Sunrise Realty Trust (SUNS) as shown in this filing?
He is identified as Executive Chairman, a director, and a more-than-10% owner of Sunrise Realty Trust, Inc. These roles are explicitly checked in the reporting person information section of the Form 4 submission.
AI-generated analysis. How Rhea-AI works. Not financial advice.
