Director James C. Fagan granted 1,071 SUNS shares in equity award

Rhea-AI Filing Summary

Fagan James C. reported acquisition or exercise transactions in this Form 4 filing.

Sunrise Realty Trust director James C. Fagan received an equity award of 1,071 shares of common stock at $9.34 per share. These shares are restricted stock granted under the company’s Stock Incentive Plan and are scheduled to become fully vested on the first anniversary of January 2, 2026, subject to early termination and adjustment under the grant agreement.

After this grant, Fagan directly holds 11,664 common shares. The filing also notes an additional 8,840 common shares held indirectly through Civic Reserve LLC, a Wyoming limited liability company wholly owned by Fagan and his spouse.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Fagan James C.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,071	$9.34	$10K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 11,664 shares (Direct); Common Stock — 8,840 shares (Indirect, See footnote)

Footnotes (1)

1. Represents restricted stock granted under the Issuer's Stock Incentive Plan and shall become fully-vested on the first anniversary of January 2, 2026, subject to early termination and adjustment as provided in the applicable restricted stock grant agreement. The shares are held directly by Civic Reserve LLC, a Wyoming limited liability company. Civic Reserve LLC is wholly owned by the Reporting Person and the Reporting Person's spouse.

Form 4 Insider Transactions: What Each Field Means →

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^*

Fagan James C.

(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		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

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	02/19/2026		A		1,071(1)	A	$9.34	11,664	D
Common Stock								8,840	I	See footnote(2)

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. Represents restricted stock granted under the Issuer's Stock Incentive Plan and shall become fully-vested on the first anniversary of January 2, 2026, subject to early termination and adjustment as provided in the applicable restricted stock grant agreement.

2. The shares are held directly by Civic Reserve LLC, a Wyoming limited liability company. Civic Reserve LLC is wholly owned by the Reporting Person and the Reporting Person's spouse.

Remarks:

	/s/ Brandon Hetzel, as Attorney-in-Fact	02/23/2026
	** 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.

FAQ

What insider transaction did Sunrise Realty Trust (SUNS) report for James C. Fagan?

Sunrise Realty Trust reported that director James C. Fagan received a grant of 1,071 shares of restricted common stock. The award was priced at $9.34 per share and was made under the company’s Stock Incentive Plan as an equity-based compensation grant.

How many Sunrise Realty Trust (SUNS) shares does James C. Fagan hold after this Form 4?

Following the restricted stock grant, James C. Fagan directly holds 11,664 shares of Sunrise Realty Trust common stock. The filing also reports 8,840 additional common shares held indirectly through Civic Reserve LLC, which is wholly owned by Fagan and his spouse.

What are the vesting terms of the Sunrise Realty Trust (SUNS) restricted stock granted to James C. Fagan?

The 1,071 restricted shares granted to James C. Fagan are scheduled to become fully vested on the first anniversary of January 2, 2026. Vesting is subject to early termination and adjustment provisions described in the applicable restricted stock grant agreement.

How are James C. Fagan’s indirect holdings in Sunrise Realty Trust (SUNS) structured?

James C. Fagan’s indirect Sunrise Realty Trust holdings are owned through Civic Reserve LLC, a Wyoming limited liability company. The filing states Civic Reserve LLC is wholly owned by Fagan and his spouse, and it holds 8,840 shares of the company’s common stock.

Did the Sunrise Realty Trust (SUNS) Form 4 show any stock sales by James C. Fagan?

The Form 4 does not report any stock sales by James C. Fagan. It shows one acquisition of 1,071 restricted shares as an equity grant, along with an updated report of indirect holdings through Civic Reserve LLC without a specified transaction code.