Sunrise Realty Trust CEO acquires 159,404 merger shares

The shares received included 24,168 restricted shares that retain a two-date vesting schedule.

Available on EDGAR 11/06/2026 - 04:47 PM EST Accepted by SEC EDGAR 11/06/2026 - 04:46 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Sunrise Realty Trust, Inc. Chief Executive Officer and director Brian Sedrish acquired 159,404 shares of common stock directly on November 5, 2026, upon completion of Southern Realty Trust Inc.’s merger 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 the nearest whole share, plus $0.05 cash. The acquired shares included 135,236 fully vested shares and 24,168 restricted shares, which remain subject to their original vesting schedule in substantially equal installments on January 2, 2027 and January 2, 2028. Sedrish held 210,043 shares after the transaction. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Other: 159,404 shares

Other 1 txn

Insider SEDRISH BRIAN

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Other	Common Stock F1, F2	159,404	$0.00	$0.00

Holdings After Transaction: Common Stock — 210,043 shares (Direct)

Holdings Before and After: Common Stock, 50,639 to 210,043 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) 24,168 restricted shares of Issuer common stock received in exchange for 16,667 shares of SRT restricted common stock, which remain subject to the original vesting schedule and vest in substantially equal installments on January 2, 2027 and January 2, 2028 and (ii) 135,236 fully vested shares of Issuer common stock received in exchange for 93,266 shares of SRT common stock.

Key Figures

Common shares acquired: 159,404 shares Common shares held after transaction: 210,043 shares Fully vested shares received: 135,236 shares +3 more

6 metrics

Common shares acquired 159,404 shares Received on November 5, 2026 upon completion of the merger

Common shares held after transaction 210,043 shares Brian Sedrish’s direct holdings

Fully vested shares received 135,236 shares Received in exchange for Southern Realty Trust common shares

Restricted shares received 24,168 shares Remain subject to the original vesting schedule

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

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

Key Terms

wholly owned subsidiary, restricted shares, vesting schedule, fully vested shares

4 terms

wholly owned subsidiary technical

"merged 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.

restricted shares financial

"24,168 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 schedule financial

"remain subject to the original vesting schedule"

A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.

fully vested shares financial

"135,236 fully vested shares of Issuer common stock"

FAQ

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

How many SUNS shares did Brian Sedrish acquire?

Brian Sedrish acquired 159,404 shares of Sunrise Realty Trust common stock on November 5, 2026, and held 210,043 shares afterward. The shares were received upon completion of Southern Realty Trust Inc.’s merger into a wholly owned subsidiary of Sunrise Realty Trust. No Rule 10b5-1 plan is reported.

What were the SUNS merger exchange terms?

Each Southern Realty Trust Inc. common share converted into 1.45 Sunrise Realty Trust common shares, rounded up to the nearest whole share, plus a cash amount of $0.05.

When do Brian Sedrish’s restricted SUNS shares vest?

24,168 restricted shares remain subject to their original vesting schedule and vest in substantially equal installments on January 2, 2027 and January 2, 2028.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

SEDRISH BRIAN

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

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)		159,404(2)	A	$0	210,043	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) 24,168 restricted shares of Issuer common stock received in exchange for 16,667 shares of SRT restricted common stock, which remain subject to the original vesting schedule and vest in substantially equal installments on January 2, 2027 and January 2, 2028 and (ii) 135,236 fully vested shares of Issuer common stock received in exchange for 93,266 shares of SRT common stock.

Remarks:

	/s/ Brandon Hetzel, as Attorney-in-Fact	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)