Brandon Hetzel, CFO and Treasurer of Sunrise Realty Trust, Inc., filed a Form 4 on November 6, 2026, disclosing the acquisition of 14,134 shares of common stock on November 5, 2026, through the completion of a merger between Southern Realty Trust Inc. and a wholly owned subsidiary of Sunrise Realty Trust.

Key Highlights

  • Transaction type: Code J acquisition of 14,134 shares of Sunrise Realty Trust common stock at a price of $0 to the reporting person.
  • Merger conversion: Each share of Southern Realty Trust Inc. (SRT) common stock was converted into 1.45 shares of Sunrise Realty Trust common stock, rounded up to the nearest whole share, plus a cash amount of $0.05 per share.
  • Restricted shares: 12,321 of the acquired shares are restricted shares received in exchange for 8,497 SRT restricted shares, subject to original vesting schedules through January 2, 2029.
  • Fully vested shares: 1,813 shares are fully vested, received in exchange for 1,250 SRT common shares.
  • Post-transaction ownership: Hetzel beneficially owns 40,134 shares of Sunrise Realty Trust common stock directly following the reported transaction.
  • Issuer: Sunrise Realty Trust, Inc., trading on NASDAQ:SUNS.

Brandon Hetzel's Share Acquisition Through Sunrise Realty Trust and SRT Merger

According to the filing, Brandon Hetzel, serving as CFO and Treasurer of Sunrise Realty Trust, Inc. (NASDAQ:SUNS), received 14,134 shares of the company's common stock on November 5, 2026, upon the completion of the merger of Southern Realty Trust Inc. into a wholly owned subsidiary of Sunrise Realty Trust. The transaction was coded "J," indicating a form of acquisition other than an open-market purchase, and the price to the reporting person was listed as $0.

The filing explains that of the 14,134 shares acquired, 12,321 are restricted shares of Sunrise Realty Trust common stock received in exchange for 8,497 shares of SRT restricted common stock. These restricted shares remain subject to their original vesting schedules: 3,625 shares vest in equal installments on January 2, 2027 and January 2, 2028, while 8,696 shares vest in substantially equal annual installments on January 2, 2027, 2028, and 2029. The remaining 1,813 shares are fully vested and were received in exchange for 1,250 previously held shares of SRT common stock.

Following these transactions, the filing reports that Hetzel directly beneficially owns 40,134 shares of Sunrise Realty Trust common stock. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

The Form 4 discloses that CFO and Treasurer Brandon Hetzel acquired 14,134 shares of Sunrise Realty Trust common stock on November 5, 2026, through the SRT merger conversion, bringing his direct beneficial ownership to 40,134 shares, with a portion remaining subject to vesting.