0001842694-24-000007.txt : 20240712
0001842694-24-000007.hdr.sgml : 20240712
20240712194648
ACCESSION NUMBER: 0001842694-24-000007
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240711
FILED AS OF DATE: 20240712
DATE AS OF CHANGE: 20240712
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Tannenbaum Robyn
CENTRAL INDEX KEY: 0001842694
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-41971
FILM NUMBER: 241115577
MAIL ADDRESS:
STREET 1: 525 OKEECHOBEE BLVD., SUITE 1770
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_1720828001.xml
FORM 4
X0508
4
2024-07-11
0
0002012706
Sunrise Realty Trust, Inc.
SUNS
0001842694
Tannenbaum Robyn
525 OKEECHOBEE BLVD
SUITE 1650
WEST PALM BEACH
FL
33401
0
1
0
0
President
0
Common Stock
2024-07-11
4
P
0
3000
11.05
A
24959
D
Common Stock
2024-07-11
4
P
0
500
11.23
A
500
I
By reporting person as UTMA custodian for daughter
Common Stock
2024-07-11
4
P
0
500
11.10
A
500
I
By reporting person as UTMA custodian for daughter
Common Stock
1270763
I
Held by spouse
Common Stock
128219
I
See footnote
Common Stock
58958
I
See footnote
1. Includes 21,959 shares received in connection with the spin-off of the Issuer from AFC Gamma, Inc., of which 17,105 shares are restricted shares received in the spin-off from restricted common stock granted under AFC Gamma, Inc.s Stock Incentive Plan (the AFCG Plan) and 11,396 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 5,709 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 $11.05 to $11.26; 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.
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.
These shares are held by the Tannenbaum Family Foundation (formerly known as the Leonard M. Tannenbaum Foundation), for which the Reporting Persons spouse serves as the President. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of her pecuniary interest.
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.
/s/ Brandon Hetzel, as Attorney-in-Fact
2024-07-12