FRANK ALEXANDER C 4

What Happened

• Frank C. Alexander, a director of Sunrise Realty Trust, Inc. (SUNS), was granted 1,071 restricted shares on 2026-02-19. The award was recorded at $9.34 per share for a total value of $10,003. This was an equity award (grant/acquisition), not an open-market purchase or sale.

Key Details

• Transaction date and type: 2026-02-19 — Award/Grant (code A)
• Price/value: $9.34 per share; total reported value $10,003
• Shares acquired: 1,071 restricted shares
• Shares owned after transaction: Not specified in the provided filing
• Vesting/footnote: Footnote F1 — these restricted shares “shall become fully-vested on the first anniversary of January 2, 2026,” subject to early termination/adjustment under the grant agreement
• Filing timeliness: Form 4 filed 2026-02-23; filing appears timely (within required reporting window)

Context

• This was a compensation-related restricted stock grant. Such awards reflect compensation/retention practices rather than an open-market bet by the insider, and vesting conditions can affect when the shares become freely tradable. No sale or exercise occurred in this filing.