Chicago Atlantic (REFI) Executive Chairman John Mazarakis Buys 47,711 Shares

What Happened John Mazarakis, Executive Chairman and a director of Chicago Atlantic Real Estate Finance, Inc. (REFI), acquired a total of 47,711 common shares via open-market purchases on August 26–27, 2026. The filings report purchases of 40,181 shares on 2026-08-26 for $428,595 and 7,530 shares on 2026-08-27 for $80,345. The weighted-average price reported is $10.67 per share (total value ≈ $508,940). These were purchases (code P), which are purchases of company stock rather than sales.

Key Details

• Transaction dates: 2026-08-26 (40,181 sh @ weighted avg $10.67; prices that day ranged $10.65–$10.67) and 2026-08-27 (7,530 sh @ $10.67).
• Total acquired: 47,711 shares for approximately $508,940.
• Filing: Form 4 filed 2026-08-28 for report period 2026-08-26 — filed within the normal two-business-day window (not marked late).
• Footnotes: (F1) price shown is a weighted average across multiple discrete trades (range $10.65–$10.67); reporting person will provide a breakdown on request. (F2) the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
• Shares owned after transaction: not specified in the provided filing details.

Context Open-market purchases by insiders are often noted by investors as a potentially positive signal, but filings do not state the insider’s motive. This transaction was straightforward (cash purchases, code P), not an option exercise or award, and the filing appears timely.