0001200461-24-000009.txt : 20240712
0001200461-24-000009.hdr.sgml : 20240712
20240712194903
ACCESSION NUMBER: 0001200461-24-000009
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240710
FILED AS OF DATE: 20240712
DATE AS OF CHANGE: 20240712
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: TANNENBAUM LEONARD M
CENTRAL INDEX KEY: 0001200461
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-41971
FILM NUMBER: 241115579
MAIL ADDRESS:
STREET 1: 525 OKEECHOBEE BLVD., SUITE 1650
CITY: WEST PALM BEACH
STATE: FL
ZIP: 33401
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Sunrise Realty Trust, Inc.
CENTRAL INDEX KEY: 0002012706
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
ORGANIZATION NAME: 05 Real Estate & Construction
IRS NUMBER: 000000000
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 525 OKEECHOBEE BLVD., SUITE 1650
CITY: WEST PALM BEACH
STATE: FL
ZIP: 33401
BUSINESS PHONE: 561-510-2390
MAIL ADDRESS:
STREET 1: 525 OKEECHOBEE BLVD., SUITE 1650
CITY: WEST PALM BEACH
STATE: FL
ZIP: 33401
4
1
wk-form4_1720828136.xml
FORM 4
X0508
4
2024-07-10
0
0002012706
Sunrise Realty Trust, Inc.
SUNS
0001200461
TANNENBAUM LEONARD M
525 OKEECHOBEE BLVD
SUITE 1650
WEST PALM BEACH
FL
33401
1
1
1
0
Executive Chairman
0
Common Stock
2024-07-10
4
P
0
10000
8.73
A
1270763
D
Common Stock
2024-07-10
4
P
0
58958
10.56
A
58958
I
See footnote
Common Stock
2024-07-11
4
P
0
68086
11.49
A
128219
I
See footnote
Common Stock
24959
I
Held by spouse
Includes 1,260,763 shares received in connection with the spin-off of the Issuer from AFC Gamma, Inc., of which 48,455 shares are restricted shares received in the spin-off from restricted common stock granted under AFC Gamma, Inc. Stock Incentive Plan (the AFCG Plan) and 37,037 shares shall vest over a three-year period with approximately 33% vesting on each of the first, second and third anniversaries of January 2, 2024, subject to early termination and adjustment as provided in the applicable restricted stock grant agreement, and 11,418 shares are restricted shares received in the spin-off from restricted common stock granted under the AFCG Plan on January 3, 2023, with approximately 50% of the remaining restricted shares vesting on each of January 3, 2025 and 2026, subject to early termination and adjustment as provided in the applicable restricted stock grant agreement.
This transaction was executed in multiple trades at prices ranging from $8.94 to $11.25; 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 a security holder of the issuer.
These shares are held by the Tannenbaum Family 2012 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.
This transaction was executed in multiple trades at prices ranging from $10.85 to $12.54; 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 a security holder of the issuer.
Includes 60,133 shares of common stock received in connection with the spin-off of the Issuer from AFC Gamma, Inc.
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.
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.
/s/ Brandon Hetzel, as Attorney-in-Fact
2024-07-12