Leonard M. Tannenbaum filed Amendment No. 6 to Schedule 13D with the SEC on November 9, 2026, disclosing a beneficial ownership position of 6,269,981 shares, or 28.5%, of Sunrise Realty Trust, Inc. common stock following open market purchases and the November 5, 2026 closing of a merger with Southern Realty Trust Inc.

Key Highlights

  • Aggregate beneficial ownership: Tannenbaum beneficially owns 6,269,981 shares of Sunrise Realty Trust common stock, representing 28.5% of the class.
  • Sole voting and dispositive power: Tannenbaum holds sole voting and dispositive power over 5,299,092 shares, including 75,951 shares of restricted stock and 1,000 shares held in a UTMA account for his son.
  • Shared power: An additional 970,889 shares are subject to shared voting and dispositive power, held across the Tannenbaum Family Foundation, Tannenbaum Family 2012 Trust, and Gleams Jr LLC.
  • Merger completed November 5, 2026: Southern Realty Trust Inc. merged into Sunrise Merger Sub, LLC, a wholly owned subsidiary of Sunrise Realty Trust, with each SRT share converted into 1.45 shares of Sunrise Realty Trust common stock plus $0.05 in cash from SUNS Manager.
  • Shares outstanding: The 28.5% figure is based on 21,980,828 shares of common stock outstanding as of November 9, 2026.
  • Open market purchases: Since December 31, 2025, Tannenbaum purchased shares in multiple open market transactions using personal funds, as detailed in the attached Schedule A.
  • Restricted stock vesting: Tannenbaum received restricted stock under the issuer's Stock Incentive Plan, vesting approximately 33% on each of the first, second, and third anniversaries of January 2, 2026.

Tannenbaum's Position in Sunrise Realty Trust After SRT Merger Closing

According to the filing, this Amendment No. 6 was submitted solely to report purchases of common stock that in aggregate exceeded a 1% change in beneficial ownership since the previous Schedule 13D/A filing. The Reporting Person, Leonard M. Tannenbaum, is based at 525 Okeechobee Blvd., Suite 1650, West Palm Beach, Florida 33401, the same address listed as the issuer's principal executive offices. The source of funds is listed as "PF, OO," indicating personal funds and other sources.

The filing describes the November 5, 2026 consummation of a merger under an Agreement and Plan of Merger dated August 5, 2026, among Sunrise Realty Trust, Inc., Southern Realty Trust Inc., Sunrise Merger Sub, LLC, and Sunrise Manager LLC. Pursuant to that agreement, SRT merged into Merger Sub, surviving as a wholly owned subsidiary of the issuer. At the effective time, each outstanding SRT share was converted into the right to receive 1.45 shares of Sunrise Realty Trust common stock and $0.05 in cash per share from SUNS Manager.

The 970,889 shares over which Tannenbaum reports shared voting and dispositive power are distributed as follows: 585,681 shares held by the Tannenbaum Family Foundation (formerly the Leonard M. Tannenbaum Foundation), for which he serves as President; 58,958 shares held by the Tannenbaum Family 2012 Trust; and 326,250 shares held by Gleams Jr LLC, wholly owned by that trust. The filing states the Reporting Person disclaims beneficial ownership over each of those blocks, as well as over 92,429 shares held by his spouse, Robyn Tannenbaum, which are excluded from the totals.

What Was Disclosed

Tannenbaum filed Amendment No. 6 to Schedule 13D disclosing a 28.5% beneficial ownership stake in Sunrise Realty Trust, Inc., reflecting open market stock purchases since December 31, 2025, restricted stock grants, and the November 5, 2026 closing of the SRT merger, based on 21,980,828 shares outstanding.