Donald E. Gulbrandsen - 10 Dec 2021 Form 4 Insider Report for Chicago Atlantic Real Estate Finance, Inc. (REFI)

Role: Director
Signature: /s/ Donald Gulbrandsen
Issuer symbol: REFI
Transactions as of: 10 Dec 2021
Net transactions value: $0
Form type: 4
Filing time: 10 Dec 2021, 19:35:11 UTC
Previous filing: 07 Dec 2021
Next filing: 04 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	* Price $	Shares After	Date	Ownership	Footnotes
transaction	REFI	Common Stock	Award	$0	+4,688	$0.000000	4,688	10 Dec 2021	Direct	F1
holding	REFI	Common Stock					270,693	10 Dec 2021	Held through ownership of interests in Chicago Atlantic Fund QP, LLC	F2
holding	REFI	Common Stock					510,187	10 Dec 2021	Held through ownership of interests in Chicago Atlantic CRE Holdings, LLC	F2

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

Explanation of Responses:

Id	Content
F1	On December 10, 2021, Mr. Gulbrandsen was awarded 4,688 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 4,688 restricted shares of common stock will vest in three years, with one-third of the restricted stock vesting after 12 months, and one-twenty fourth of the restricted stock vesting on a monthly basis thereafter.
F2	All of the shares held by Mr. Gulbrandsen are subject to a 180-day lockup that ends on June 5, 2022.

Content

On December 10, 2021, Mr. Gulbrandsen was awarded 4,688 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 4,688 restricted shares of common stock will vest in three years, with one-third of the restricted stock vesting after 12 months, and one-twenty fourth of the restricted stock vesting on a monthly basis thereafter.

All of the shares held by Mr. Gulbrandsen are subject to a 180-day lockup that ends on June 5, 2022.