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