Sunrise Realty Trust (SUNS) chair Leonard Tannenbaum purchases 20,000 shares at $7.60
Rhea-AI Filing Summary
Sunrise Realty Trust, Inc. Executive Chairman and 10% owner Leonard M. Tannenbaum purchased 20,000 shares of common stock on August 11, 2026 at a weighted average price of $7.60 per share, in trades ranging from $7.58 to $7.60. Following this open-market purchase, he directly holds 3,092,719 shares of common stock. Additional indirect positions are reported through a family foundation, several family trusts, an UTMA custodial account holding 1,000 shares for his son, and 46,516 shares held by his spouse, with Tannenbaum disclaiming beneficial ownership of most indirect holdings except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 20,000 shares
Net Buy
6 txns
Insider
TANNENBAUM LEONARD M
Role
Executive Chairman
Bought
20,000 shs ($152K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 20,000 | $7.60 | $152K |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,092,719 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 (5)
- F1. This transaction was executed in multiple trades ranging from $7.58 to $7.60; 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. 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.
- F3. 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.
- F4. 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.
- F5. 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: 20,000 shares
Purchase price: $7.60 per share
Direct holdings after transaction: 3,092,719 shares
+2 more
5 metrics
Shares purchased
20,000 shares
Common stock bought by Leonard M. Tannenbaum on August 11, 2026
Purchase price
$7.60 per share
Weighted average price; trades ranged from $7.58 to $7.60
Direct holdings after transaction
3,092,719 shares
Common stock directly held by Leonard M. Tannenbaum after the purchase
UTMA custodial holdings
1,000 shares
Indirectly held as UTMA custodian for son
Spouse-held shares
46,516 shares
Indirect holdings reported as held by spouse; beneficial ownership disclaimed
Key Terms
weighted average price, pecuniary interest, UTMA custodian, beneficial ownership, +1 more
5 terms
weighted average price financial
"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"
UTMA custodian financial
"By reporting person as UTMA custodian for son"
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.
irrevocable trust financial
"Sunny 5 Irrevocable Trust for benefit of certain members"
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 transaction did SUNS Executive Chairman Leonard Tannenbaum report?
Leonard Tannenbaum reported a purchase of 20,000 shares of Sunrise Realty Trust common stock on August 11, 2026 at a weighted average price of $7.60 per share, in multiple trades between $7.58 and $7.60.
Was the SUNS insider purchase under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is unchecked, and the footnotes do not reference any trading plan. The reported 20,000-share purchase therefore is not identified as made under a pre-arranged 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
