Ivan Kaufman - 21 May 2021 Form 4 Insider Report for ARBOR REALTY TRUST INC (ABR)

Role: COB, CEO and President, Director, 10%+ Owner
Signature: /s/ Ivan Kaufman
Issuer symbol: ABR
Transactions as of: 21 May 2021
Net transactions value: $0
Form type: 4
Filing time: 25 May 2021, 18:21:24 UTC
Next filing: 27 May 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ABR	Common Stock, par value $0.01 per share	Other	$0	-4,008	-0.37%	$0.000000	1,073,285	21 May 2021	Direct	F1
transaction	ABR	Special Voting Preferred Stock, par value $0.01 per share	Other		-1,190,000	-10%		10,711,068	24 May 2021	By Arbor Commercial Mortgage, LLC	F2, F3
holding	ABR	Common Stock, par value $0.01 per share						3,428,629	21 May 2021	By Arbor Commercial Mortgage, LLC	F2
holding	ABR	Common Stock, par value $0.01 per share						3,632	21 May 2021	By son, Maurice Kaufman
holding	ABR	Common Stock, par value $0.01 per share						1,632	21 May 2021	By son, Adam Kaufman

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		-1,190,000	-10%		10,711,068	24 May 2021	Common Stock, par value $0.01 per share	1,190,000		By Arbor Commercial Mortgage, LLC	F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	On May 21, 2021, the reporting person transferred 4,008 shares of the issuer's stock to Lisa Kaufman in accordance with the terms of a post-nuptial agreement between Mr. and Mrs. Kaufman. The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of these shares for the purpose of Section 16, or for any other purpose.
F2	Mr. Kaufman disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
F3	On May 24, 2021, Arbor Commercial Mortgage, LLC ("ACM") distributed 1,190,000 Partnership Common Units ("OP Units") and Special Voting Preferred Stock ("Preferred Shares") with a fair market value of approximately $20.9 million to Lisa Kaufman in consideration of the liquidation of her membership interest in ACM, such liquidation made in accordance with the terms of a post-nuptial agreement between Mr. and Mrs. Kaufman. The fair market value was determined in accordance with ACM's Operating Agreement, using the average closing stock price of Arbor Realty Trust, Inc. (the "Company") from May 19, 2021 through May 21, 2021 of $17.55 per share.
F4	Not applicable.