Chicago Atlantic (REFI) CEO Peter Sack Buys Stock

What Happened

• Peter Sack, CEO of Chicago Atlantic Real Estate Finance, Inc. (REFI), made three open-market purchases totaling 5,000 shares for $52,220. Transactions: 1,500 shares @ $10.43 on 2026-08-18 ($15,645); 1,500 shares @ $10.53 on 2026-08-19 ($15,795); and 2,000 shares @ $10.39 on 2026-08-19 ($20,780). These were purchases (insider buys), which investors often watch as a potential positive signal.

Key Details

• Transaction dates and prices:
  • 2026-08-18: P — 1,500 sh @ $10.43 = $15,645
  • 2026-08-19: P — 1,500 sh @ $10.53 = $15,795
  • 2026-08-19: P — 2,000 sh @ $10.39 = $20,780
• Total: 5,000 shares for $52,220.
• Shares owned after transaction: Not specified in the provided filing.
• Filing/timeliness: Form 4 was filed 2026-08-21. The Aug 18 trade was reported one business day after the two-business-day Form 4 deadline (i.e., appears late); the Aug 19 trades were reported within the typical two-business-day window.
• Footnote: On April 20, 2026, Mr. Sack was awarded 37,099 restricted shares under the 2021 Omnibus Incentive Plan; those shares vest one-third after 12, 24 and 36 months (see footnote F1).

Context

• These were straightforward open-market purchases (transaction code P). The filing also discloses a prior restricted-stock award that vests over three years, which is a separate compensation event. The dollar amount of these purchases ($52k) is modest; investors may view insider buys as a signal but should consider overall ownership, company fundamentals, and size of the transactions before drawing conclusions.