Ivan Kaufman - 09 May 2022 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: 09 May 2022
Net transactions value: $0
Form type: 4
Filing time: 10 May 2022, 17:00:40 UTC
Previous filing: 15 Mar 2022
Next filing: 01 Aug 2023
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		-31,506	-0.3%		10,634,024	09 May 2022	By Arbor Commercial Mortgage, LLC	F1, F2

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		-31,506	-0.3%		10,634,024	09 May 2022	Common Stock, par value $0.01 per share	31,506		By Arbor Commercial Mortgage, LLC	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	On July 14, 2016, Arbor Realty Limited Partnership, a Delaware limited partnership, issued Partnership Common Units ("OP Units") to Arbor Commercial Mortgage, LLC ("ACM") and, in connection therewith, Arbor Realty Trust, Inc. (the "Company") issued Special Voting Preferred Stock ("Preferred Shares") to ACM. On May 9, 2022, ACM distributed 31,506 OP Units and Preferred Shares valued at $548,534 to one of its members for the member's remaining 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 4, 2022 through May 6, 2022 of $17.41 per share.
F2	Mr. Kaufman disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
F3	Not applicable.