Robyn Tannenbaum, President of Sunrise Realty Trust, Inc., filed a Form 4 on November 6, 2026 reporting the acquisition of 45,913 shares of common stock on November 5, 2026 upon completion of a merger between Southern Realty Trust Inc. and a wholly owned subsidiary of Sunrise Realty Trust.

Key Highlights

  • Merger acquisition: Tannenbaum received 45,913 shares of Sunrise Realty Trust common stock at a price of $0 on November 5, 2026, via transaction code J, in connection with the SRT merger.
  • Conversion terms: According to the filing, each share of Southern Realty Trust Inc. 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 included: The 45,913 shares include 9,663 restricted shares received in exchange for 6,664 SRT restricted shares, which remain subject to the original vesting schedule with installments on January 2, 2027, 2028, and 2029.
  • Direct beneficial ownership: Following the transaction, Tannenbaum directly owns 92,429 shares of Sunrise Realty Trust common stock.
  • Indirect holdings: The filing also reports indirect beneficial ownership across multiple entities, including 5,298,092 shares held by her spouse and 585,681 shares held by the Tannenbaum Family Foundation.
  • Disclaimers noted: Tannenbaum disclaims beneficial ownership of shares held through several family trusts and the Tannenbaum Family Foundation, except to the extent of her pecuniary interest, according to the filing.

Sunrise Realty Trust President Reports Post-Merger Share Changes

According to the Form 4 filed with the SEC on November 6, 2026, Robyn Tannenbaum, identified as President of Sunrise Realty Trust, Inc. (NASDAQ:SUNS), received 45,913 shares of Sunrise Realty Trust common stock on November 5, 2026. The filing states the shares were received upon completion of the merger of Southern Realty Trust Inc. with and into a wholly owned subsidiary of Sunrise Realty Trust. The transaction was coded J and carried a price of $0.

The filing breaks down the 45,913 acquired shares into two components: 9,663 restricted shares issued in exchange for 6,664 SRT restricted shares, subject to vesting in substantially equal annual installments on January 2, 2027, 2028, and 2029; and 36,250 fully vested shares issued in exchange for 25,000 SRT shares. Following this transaction, Tannenbaum's direct beneficial ownership stands at 92,429 shares of Sunrise Realty Trust common stock.

The filing also details several indirect ownership positions. These include 326,250 shares held by Gleams Jr LLC, wholly owned by the Tannenbaum Family 2012 Trust; 58,958 shares held directly by the Tannenbaum Family 2012 Trust; 15,000 shares held by the Sunny 5 Irrevocable Trust; 1,000 shares held by the reporting person as UTMA custodian for her daughters; 585,681 shares held by the Tannenbaum Family Foundation; and 5,298,092 shares held by her spouse. The filing states that Tannenbaum disclaims beneficial ownership of the securities held by the trusts, the foundation, and her spouse, except to the extent of her pecuniary interest, and that the report "shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose."

What Was Disclosed

Robyn Tannenbaum, President of Sunrise Realty Trust, reported a merger-driven acquisition of 45,913 shares of common stock at $0 on November 5, 2026, with post-transaction direct ownership of 92,429 shares and substantial additional indirect holdings across family entities.