Beneficial Ownership Report · SCHEDULE 13G/A
Sunrise Realty Trust, Inc.
Beneficial Ownership Report
Structured filing — SCHEDULE 13G/A
primary_doc.xml
Amendment · This filing reports the amendment as submitted.
Subject company
- Company
- Sunrise Realty Trust, Inc.
- Company CIK
- 0002012706
- Street
- 525 Okeechobee Blvd
- Street (continued)
- Suite 1650
- City
- West Palm Beach
- State / country code
- FL
- Postal code
- 33401
Statement details
- Amendment number
- 1
- Security class
- Common Stock, par value $0.01 per share
- Event date
- 12/31/2025
- Rule designation
- Rule 13d-1(b)
Reporting person 1
- Name
- Caption Management, LLC
- Citizenship / organization
- DE
- Reporting person type
- IA · OO
- Aggregate amount owned
- 100,000.00
- Percent of class
- 0.75
- Sole voting power
- 0.00
- Shared voting power
- 100,000.00
- Sole dispositive power
- 0.00
- Shared dispositive power
- 100,000.00
Reporting person 2
- Name
- William Cooper
- Citizenship / organization
- X1
- Reporting person type
- IN · HC
- Aggregate amount owned
- 100,000.00
- Percent of class
- 0.75
- Sole voting power
- 0.00
- Shared voting power
- 100,000.00
- Sole dispositive power
- 0.00
- Shared dispositive power
- 100,000.00
Reporting person 3
- Name
- Jason Strasser
- Citizenship / organization
- X1
- Reporting person type
- IN · HC
- Aggregate amount owned
- 100,000.00
- Percent of class
- 0.75
- Sole voting power
- 0.00
- Shared voting power
- 100,000.00
- Sole dispositive power
- 0.00
- Shared dispositive power
- 100,000.00
Item 1
Issuer
Sunrise Realty Trust, Inc.
Principal executive office address
525 Okeechobee Blvd., Suite 1650, West Palm Beach, Florida, 33401
Item 2
Citizenship
Caption Management is a Delaware limited liability company. Mr. Cooper and Mr. Strasser are each United States citizens.
Filing person
This statement is filed by: (i) Caption Management, LLC ("Caption Management") with respect to shares of common stock, par value $0.01 per share ("Shares"), of the Issuer held by certain investment funds and managed accounts it manages; (ii) William Cooper ("Mr. Cooper") with respect to Shares beneficially owned by Caption Management; and (iii) Jason Strasser ("Mr. Strasser") with respect to Shares beneficially owned by Caption Management.
Principal business or residence address
The address of the principal business office of Caption Management, Mr. Cooper and Mr. Strasser is 499 W Sheridan Ave., Suite 2250, Oklahoma City, Oklahoma, 73102.
Item 3
Not applicable indication
N
Type of filing person
IA · HC
Item 4
Percent of class
See each cover page hereof.
Amount beneficially owned
The information contained in rows 5, 6, 7, 8, 9, 10 and 11 on each of the cover pages of this Schedule 13G is incorporated by reference in its entirety into this item 4. Pursuant to investment management agreements, Caption Management maintains investment and voting power with respect to the securities held by certain investment funds and managed accounts it manages. Mr. Cooper and Mr. Strasser share control of Caption Management. As of December 31, 2025, each of Caption Management, Mr. Cooper, and Mr. Strasser may be deemed to beneficially own call options exercisable for 100,000 Shares, or 0.75% of the Shares based on 13,420,986 shares outstanding as of November 7, 2025 as reported in the Quarterly Report on Form 10-Q filed by the Issuer with the Securities and Exchange Commission on November 13, 2025. Each of Caption Management, Mr. Cooper and Mr. Strasser disclaims beneficial ownership of any of the securities covered by this statement.
Sole voting power
See each cover page hereof.
Shared voting power
See each cover page hereof.
Sole dispositive power
See each cover page hereof.
Shared dispositive power
See each cover page hereof.
Item 5
Not applicable indication
N
Ownership of 5% or less
Y
Item 6
Not applicable indication
Y
Item 7
Not applicable indication
N
Subsidiaries
See Exhibit 99.2
Item 8
Not applicable indication
Y
Item 9
Not applicable indication
Y
Item 10
Not applicable indication
N
Certifications
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
Exhibits
99.2 Item 7 Information
Signature 1
- Reporting person
- Caption Management, LLC
- Signed
- /s/ William Cooper
- Title
- William Cooper, Managing Member
- Date
- 01/26/2026
Signature 2
- Reporting person
- William Cooper
- Signed
- /s/ William Cooper
- Title
- William Cooper
- Date
- 01/26/2026
Signature 3
- Reporting person
- Jason Strasser
- Signed
- /s/ Jason Strasser
- Title
- Jason Strasser
- Date
- 01/26/2026
Filed exhibits
- EXHIBIT 99.2 ↗ef20063915_ex99-2.htm
Company context
Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) is an institutional commercial real estate (“CRE”) lender providing flexible financing solutions to sponsors of CRE projects located primarily in the Southern United States. It focuses on transitional CRE business plans with the potential for near-term value creation, collateralized by top-tier assets predominantly located in established and rapidly expanding Southern markets. For additional information regarding the Company, please visit www.sunriserealtytrust.com.