Jason Papastavrou - Oct 15, 2025 Form 4 Insider Report for Chicago Atlantic Real Estate Finance, Inc. (REFI)

Role
Director
Signature
/s/ Jason Papastavrou
Stock symbol
REFI
Transactions as of
Oct 15, 2025
Transactions value $
$227,740
Form type
4
Date filed
10/16/2025, 06:11 PM
Previous filing
May 15, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Papastavrou Jason D Director CHICAGO ATLANTIC REAL ESTATE FINANCE, 1680 MICHIGAN AVENUE, SUITE 700, MIAMI BEACH /s/ Jason Papastavrou 2025-10-16 0001329290

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REFI Common Stock Purchase $126K +10K +25.29% $12.62 49.5K Oct 15, 2025 Direct F1
transaction REFI Common Stock Purchase $63.6K +5K $12.71 5K Oct 15, 2025 By Self as Trustee for Michael Athans Trust F2
transaction REFI Common Stock Purchase $38K +3K $12.68 3K Oct 15, 2025 By Self as Custodian for Michael Athans F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 1, 2025, Dr. Papastavrou was awarded 5,071 restricted shares of common stock under the Chicago Atlantic Real Estate Finance, Inc. 2021 Omnibus Incentive Plan. Pursuant to the terms of the award agreement, the 5,071 restricted shares of common stock will vest over a one-year period.
F2 The Reporting Person disclaims beneficial ownership of shares held in trust for which he serves as trustee or co-trustee.
F3 The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.