Chicago Atlantic RE Finance (REFI) Exec Chair John Mazarakis Buys 25,000 Shares

What Happened John Mazarakis, Executive Chairman and Director of Chicago Atlantic Real Estate Finance, Inc. (REFI), acquired 25,000 shares on August 17, 2026 in an open-market purchase (Transaction code: P). The filing reports a weighted-average price of $10.25 per share and a total transaction value of $256,325. This was a purchase (buy), which investors often view as a more informative signal than routine sales.

Key Details

• Transaction date: August 17, 2026; filing date: August 19, 2026 (filed two days after the trade).
• Reported price: weighted-average $10.25; actual execution prices ranged from $10.17 to $10.29 per share (per footnote).
• Shares acquired: 25,000; reported total value: $256,325.
• Shares owned after transaction: not specified in this Form 4.
• Footnotes: F1 notes the weighted-average reflects several discrete trades and that the reporting person can provide a breakdown of shares at each price on request. F2 states the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
• Timeliness: filing appears timely (filed two days after the transaction); no late-filing flag indicated.

Context This was a straightforward open-market purchase (not an option exercise or award). The footnote about disclaimed beneficial ownership suggests the shares may be held in a manner where legal ownership differs from pecuniary interest (common in trusts or managed accounts); it does not change the fact of the reported purchase.