| 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 | -18,400 | -0.17% | 10,692,668 | 25 May 2021 | By Arbor Commercial Mortgage, LLC | F1, F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ABR | Partnership Common Units | Other | -18,400 | -0.17% | 10,692,668 | 25 May 2021 | Common Stock, par value $0.01 per share | 18,400 | By Arbor Commercial Mortgage, LLC | F1, F2, F3 |
| Id | Content |
|---|---|
| F1 | On May 25, 2021, Arbor Commercial Mortgage, LLC ("ACM") distributed 18,400 Partnership Common Units and Special Voting Preferred Stock with a fair value of approximately $321.1 thousand to one of its members in consideration for the liquidation of their membership interest in ACM. The fair market value was determined in accordance with ACM's Operating Agreement, using the average closing stock price of the Company from May 20, 2021 through May 24, 2021 of $17.45 per share. |
| F2 | Mr. Kaufman disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein. |
| F3 | Not applicable. |