Fagan James C. 4

What Happened

• James C. Fagan, a director of Sunrise Realty Trust (SUNS), was granted 1,071 restricted shares (transaction code A) on 2026-02-19 at a reported $9.34 per share, a total value of $10,003. This was an equity award (restricted stock), not an open-market purchase or sale.

Key Details

• Date: 2026-02-19; Shares: 1,071; Price per share: $9.34; Total value: $10,003.
• Vesting: The restricted shares "shall become fully-vested on the first anniversary of January 2, 2026," subject to the terms of the grant agreement (see footnote).
• Ownership: The shares are held directly by Civic Reserve LLC, a Wyoming LLC wholly owned by the reporting person and the reporting person’s spouse.
• Filing timeliness: Form 4 was filed 2026-02-23 (within the standard two-business-day reporting window).

Context

• This was a compensation-related restricted stock grant, commonly used to align directors with shareholder interests; such awards are routine and do not necessarily indicate a personal market view. The shares vest per the grant terms and are held through a family-owned LLC as noted above.