Chicago Atlantic (REFI) CEO Anthony Cappell Buys 45,000 Shares

What Happened

• CEO Anthony Cappell purchased 45,000 shares of Chicago Atlantic Real Estate Finance, Inc. (REFI) in open-market transactions on August 17, 2026. The reported weighted-average purchase price was $10.40 per share for a total reported cost of $468,225. This was a purchase (acquisition), which is generally viewed as a more informative signal than routine sales.

Key Details

• Transaction date: 2026-08-17; Form 4 filed: 2026-08-19 (filed within the SEC’s typical 2-business-day window).
• Transaction type/code: Open-market purchase (P).
• Shares purchased: 45,000; weighted-average price: $10.40; total value reported: $468,225.
• Footnote: The $10.40 figure is a weighted-average across three discrete trades on the transaction date; prices ranged from $10.32 to $10.42. The reporting person will provide the per-trade breakdown to the issuer, any shareholder, or the SEC staff upon request.
• Shares owned after transaction: not specified in the information provided in this summary.

Context

• This was a straightforward open-market purchase (not an option exercise, award, or gift). The filing does not indicate a 10b5-1 plan or other automated trading arrangement. Purchases by executives can signal confidence but are not proof of future company performance; retail investors should consider this alongside other company fundamentals and disclosures.