[SCHEDULE 13D/A] Sunrise Realty Trust, Inc. SEC Filing

Rhea-AI Filing Summary

Amendment No. 4 to Schedule 13D reports that Leonard M. Tannenbaum increased his beneficial ownership in Sunrise Realty Trust, Inc. Common Stock to 3,391,254 shares, representing 25.3% of the outstanding class based on 13,420,986 shares outstanding as of August 1, 2025. The filing states the additional shares were purchased in multiple open market transactions using personal funds since April 30, 2025, and are detailed on an attached Schedule A. The filing discloses 2,883,615 shares held directly by the reporting person and 507,639 shares held by related family entities for which he disclaims beneficial ownership.

Positive

• Aggregate stake increased to 25.3%, indicating material ownership concentration
• Additional purchases made with personal funds, showing clear personal investment by the reporting person
• Transactions are disclosed and include an attached Schedule A, improving transparency about the timing and size of purchases

Negative

• None.

Insights

Financial Analyst

TL;DR: Reporting person increased stake to 25.3% via personal purchases, a materially large ownership position that could influence control dynamics.

The filing confirms that Mr. Tannenbaum used personal funds to buy shares in multiple open market transactions since April 30, 2025, pushing his aggregate beneficial ownership to 25.3% of outstanding common stock. A stake above one quarter is material for investors because it represents concentrated ownership and may affect voting outcomes or strategic direction. The filing also distinguishes between shares held directly and shares held by family vehicles for which he disclaims beneficial ownership, clarifying the composition of the position. No other transactions beyond those in Schedule A were reported.

Corporate Governance Expert

TL;DR: A 25.3% stake reported on Schedule 13D signals significant influence and requires careful governance monitoring.

The amendment shows a substantial ownership level that typically triggers heightened investor attention and potential engagement with management or the board. The disclosure segregates directly held shares from those held by family entities and notes disclaimers of beneficial ownership for certain family-held positions. The filing does not indicate agreements, group status, or planned changes in control; it solely reports purchases and ownership composition. Investors should note the materiality of the percentage but the filing contains no statements of intent or proposed actions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)

Sunrise Realty Trust, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

867981102

(CUSIP Number)

Leonard M. Tannenbaum
525 Okeechobee Blvd., Suite 1650,
West Palm Beach, FL, 33401
(561) 530-3315

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/15/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 867981102

1

Name of reporting person

Leonard M. Tannenbaum

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 2,883,615.00
8	Shared Voting Power 507,639.00
9	Sole Dispositive Power 2,883,615.00
10	Shared Dispositive Power 507,639.00

11

Aggregate amount beneficially owned by each reporting person

3,391,254.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

25.3 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

This Amendment No. 4 to Schedule 13D (this "Amendment No. 4") amends and supplements the Schedule 13D originally filed with the Securities and Exchange Commission (the "SEC") by Leonard M. Tannenbaum (the "Reporting Person") with respect to Sunrise Realty Trust, Inc. (the "Issuer") on December 26, 2024 (the "Schedule 13D"), as amended by Amendment No. 1 to Schedule 13D filed on January 30, 2025, Amendment No. 2 to Schedule 13D filed on March 20, 2025, and Amendment No. 3 to Schedule 13D filed on May 2, 2025. This Amendment No. 4 is being filed solely to report purchases of Common Stock that in aggregate exceeded a 1% change in beneficial ownership since the Reporting Person's last Schedule 13D/A filing. The Schedule 13D is hereby amended and supplemented to include the information set forth herein. Capitalized terms not defined herein have the meanings given to such terms in the Schedule 13D. Except as set forth herein, the Schedule 13D is unmodified. Lines 7 and 9 consist of 2,883,615 shares of Common Stock, par value $0.01 per share, of the Issuer (the "Common Stock") held directly by the Reporting Person, including 91,238 shares of restricted stock held by the Reporting Person and 1,000 shares of Common Stock held in a Uniform Transfer to Minors Act ("UTMA") account for the son of the Reporting Person. Lines 8 and 10 consist of 448,681 shares of Common Stock held by the Tannenbaum Family Foundation, formerly known as the Leonard M. Tannenbaum Foundation, for which the Reporting Person serves as the President, and 58,958 shares of Common Stock held by Tannenbaum Family 2012 Trust for the benefit of certain members of the Reporting Person's family, for which the Reporting Person serves as the Investment Advisor and over which, in each case, the Reporting Person disclaims beneficial ownership. Excludes 33,132 shares of Common Stock held by Robyn Tannenbaum, the Reporting Person's spouse, over which the Reporting Person disclaims beneficial ownership. Line 13 is based on the 13,420,986 shares of Common Stock outstanding as of August 1, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q, filed with the SEC on August 7, 2025.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: Sunrise Realty Trust, Inc.
(c)	Address of Issuer's Principal Executive Offices: 525 Okeechobee Blvd., Suite 1650, West Palm Beach, FLORIDA , 33401.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 of the Schedule 13D is hereby amended and supplemented by the addition of the following information: Since April 30, 2025, the Reporting Person purchased shares of Common Stock in multiple open market transactions using personal funds, as listed on Schedule A, attached hereto, and incorporated herein.
Item 5.	Interest in Securities of the Issuer
(a)	See Items 7-11 and 13 of the cover page above and Item 3.
(b)	See Items 7-11 and 13 of the cover page above and Item 3.
(c)	Transactions in the Common Stock since the last Schedule 13D/A filing are set forth in Schedule A and are incorporated herein. Other than those transactions listed on Schedule A, no transactions in the shares of Common Stock have been effected by the Reporting Person since the filing of Amendment No. 3 to Schedule 13D on May 2, 2025.
Item 7.	Material to be Filed as Exhibits.
	Ex 99.1 - Schedule A - Attached here.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Leonard M. Tannenbaum

Signature:	/s/ Leonard M. Tannenbaum
Name/Title:	Leonard M. Tannenbaum
Date:	08/19/2025

FAQ

What percentage of SUNS does Leonard M. Tannenbaum own after this filing?

The filing reports 3,391,254 shares representing 25.3% of SUNS common stock based on 13,420,986 shares outstanding as of August 1, 2025.

When were the additional SUNS shares purchased?

The filing states purchases occurred in multiple open market transactions since April 30, 2025, with details provided on Schedule A.

Were the purchases made with personal or external funds?

The reporting person used personal funds to acquire the additional Common Stock, as disclosed in Item 3.

How many shares does Mr. Tannenbaum hold directly versus indirectly?

Lines 7 and 9 report 2,883,615 shares held directly. Lines 8 and 10 report 507,639 shares held by family entities for which he disclaims beneficial ownership.

Does the filing state any plans or agreements to change control of Sunrise Realty Trust?

No. This amendment solely reports purchases and ownership; it does not state any plans, intentions, or agreements to change control.