Sunrise Realty Trust, Inc. (SUNS) Form SCHEDULE 13D/A — Nov 9, 2026
Leonard M. Tannenbaum filed Amendment No. 6 to his Schedule 13D on Sunrise Realty Trust, reporting beneficial ownership of 6,269,981 shares, or 28.5% of the common stock, as of the November 5, 2026 merger closing. The increased stake reflects three sources: open-market purchases of roughly 118,000 shares in August 2026 at $7.50-$7.80, a 13,384-share restricted stock grant at $9.34, and the conversion of his Southern Realty Trust shares into 2,155,373 Sunrise shares at the 1.45 exchange ratio plus $0.05 cash per share.
Key figures
- Shares Outstanding
- 22,000,000 approx (implied; not stated)
- Grant Price
- 9.34
- Percent Owned
- 28.5%
- Sole Voting Power
- 5299092
- Merger Closing Date
- 2026-11-05
- Shared Voting Power
- 970889
- Merger Exchange Ratio
- 1.45 SUNS shares per SRT share
- Restricted Stock Grant
- 13384
- Merger Cash Consideration
- $0.05 per SRT share
- Shares Beneficially Owned
- 6269981
AI analysis
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