Sunrise Realty (SUNS) 10% Owner Leonard Tannenbaum Buys 50,000 Shares

What Happened

• Leonard M. Tannenbaum, reported as a 10% owner of Sunrise Realty Trust, Inc. (SUNS), purchased 50,000 shares on 2026-08-13 at $7.50 per share, for a total reported cost of $375,000. The Form 4 lists the transaction type as a purchase (code P — open market or private purchase).

Key Details

• Transaction date: 2026-08-13; Price: $7.50; Total value: $375,000.
• Filing date / timeliness: Form 4 filed 2026-08-17. That is within the two-business-day SEC reporting window for this transaction date, so the filing appears timely.
• Shares owned after transaction: Not specified in the provided excerpt; the filing includes disclaimers about beneficial ownership (see footnotes).
• Notable footnotes: Shares are held by the Tannenbaum Family Foundation (he is President) and two family trusts; the Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest. The report also includes a general disclaimer that it should not be taken as admission of beneficial ownership.

Context

• This was a straightforward purchase (not an option exercise, gift, or award). Purchases by significant holders can draw attention from investors, but the filing’s trust/foundation disclosures and ownership disclaimers mean the reported shares are held in family vehicles rather than directly by the individual.