John Natalone - 26 Feb 2025 Form 4 Insider Report for ARBOR REALTY TRUST INC (ABR)

Role: EVP, Treasury and Servicing
Signature: /s/ John Bishar, Attorney-in-Fact for John Natalone
Issuer symbol: ABR
Transactions as of: 26 Feb 2025
Net transactions value: $0
Form type: 4
Filing time: 28 Feb 2025, 16:16:14 UTC
Previous filing: 13 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ABR	Special Voting Preferred Stock, par value $0.01 per share	Other		+113,636	+310%		150,310	26 Feb 2025	Direct	F1
transaction	ABR	Special Voting Preferred Stock, par value $0.01 per share	Other		-113,636	-76%		36,674	26 Feb 2025	Direct	F1
holding	ABR	Special Voting Preferred Stock, par value $0.01 per share						702,335	26 Feb 2025	By The KFT 2018 NY Trust	F3
holding	ABR	Special Voting Preferred Stock, par value $0.01 per share						3,000,000	26 Feb 2025	By The KFT DT LLC	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ABR	Partnership Common Units	Other		+113,636	+310%		150,310	26 Feb 2025	Common Stock, par value $0.01 per share	113,636		Direct	F1, F2
transaction	ABR	Partnership Common Units	Other		-113,636	-76%		36,674	26 Feb 2025	Common Stock, par value $0.01 per share	113,636		Direct	F1, F2
holding	ABR	Partnership Common Units						702,335	26 Feb 2025	Common Stock, par value $0.01 per share	702,335		By The KFT 2018 NY Trust	F2, F3
holding	ABR	Partnership Common Units						3,000,000	26 Feb 2025	Common Stock, par value $0.01 per share	3,000,000		By The KFT DT LLC	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 26, 2025, Arbor Commercial Mortgage, LLC ("ACM") distributed 113,636 Partnership Common Units and Special Voting Preferred Stock valued at $1,500,000 to the reporting person for a portion of their membership interest in ACM. The fair value was determined in accordance with ACM's Operating Agreement, using the average closing stock price of Arbor Realty Trust, Inc. ("the Company") from February 11, 2025 through February 25, 2025 of $13.20 per share. In addition the Company redeemed such distributed shares from the reporting person for cash totalling approximately $1.5 million, which was based on the same $13.20 fair market value described above.
F2	Not applicable
F3	These estate planning vehicles were set up for the benefit of the immediate family of Arbor Realty Trust, Inc.'s Chief Executive Officer, Ivan Kaufman. Mr. Natalone shares in the voting and investment power of these vehicles and disclaims beneficial ownership over these securities.