David Kite - 14 Oct 2025 Form 4 Insider Report for Chicago Atlantic Real Estate Finance, Inc. (REFI)

Role: Chief Operating Officer
Signature: /s/ David Kite
Issuer symbol: REFI
Transactions as of: 14 Oct 2025
Net transactions value: +$62,525
Form type: 4
Filing time: 16 Oct 2025, 17:26:59 UTC
Previous filing: 03 Apr 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Kite David	Chief Operating Officer	CHICAGO ATLANTIC REAL ESTATE FINANCE,, INC. 420 NORTH WABASH AVENUE, SUITE 500, CHICAGO	/s/ David Kite	16 Oct 2025	0001884240

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	REFI	Common Stock	Purchase	$30,775	+2,500	+4.6%	$12.31	57,016	14 Oct 2025	Direct	F1
transaction	REFI	Common Stock	Purchase	$31,750	+2,500	+4.4%	$12.70	59,516	15 Oct 2025	Direct	F1

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

Explanation of Responses:

Id	Content
F1	On April 1, 2025, Mr. Kite was awarded 28,398 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 28,398 restricted shares of common stock will vest over a three-year period, with one-third of the restricted stock vesting after 12 months, 24 months and 36 months, respectively.