Sunrise Realty (SUNS) 10% Owner Leonard Tannenbaum Buys Shares
$SUNS · Sunrise Realty Trust, Inc.Research Summary
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Sunrise Realty (SUNS) 10% Owner Leonard Tannenbaum Buys Shares
What Happened Leonard M. Tannenbaum, identified as a 10% owner of Sunrise Realty Trust, acquired a total of 48,109 shares of SUNS in two open-market purchases: 23,109 shares on 2026-08-07 at a weighted average price of $7.73 (≈ $178,633) and 25,000 shares on 2026-08-10 at a weighted average price of $7.79 (≈ $194,750). These were outright purchases (code P on the filing), which investors often view as more informative than routine sales.
Key Details
- Transaction dates and reported prices:
- 2026-08-07 — 23,109 shares at $7.73 (weighted avg; multiple trades ranged $7.66–$7.77) — ~$178,633. (Footnote F1)
- 2026-08-10 — 25,000 shares at $7.79 (weighted avg; multiple trades ranged $7.76–$7.80) — ~$194,750. (Footnote F2)
- Total acquired: 48,109 shares for about $373,383.
- Shares owned after transaction: not specified in the portion of the filing provided.
- Filing date: Form 4 was filed 2026-08-11. Based on standard Section 16 timing, this appears to be a timely filing for these trades.
- Notable footnotes:
- F1/F2: Prices are weighted averages from multiple trades; the reporting person can provide the per-trade breakdown on request.
- F3–F5: Some reported shares are held by family foundations/trusts (Tannenbaum Family Foundation, Sunny 5 Irrevocable Trust, Tannenbaum Family 2012 Trust); the reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.
- F6: Additional disclaimer of beneficial ownership.
Context As a 10% owner, Tannenbaum is a large shareholder rather than necessarily an operating executive; such purchases indicate an increase in ownership by a significant stakeholder. Several holdings are reported via family foundations or trusts and carry disclaimers, meaning the filing reflects affiliation and pecuniary interest rather than direct personal control in some cases. The weighted-average prices reflect multiple trades; full trade-level details can be requested from the SEC staff, the issuer, or security holders.