Jason Papastavrou - Dec 8, 2021 Form 4 Insider Report for Chicago Atlantic Real Estate Finance, Inc. (REFI)

Role: Director
Signature: /s/ Jason Papastavrou
Stock symbol: REFI
Transactions as of: Dec 8, 2021
Transactions value $: $80,000
Form type: 4
Date filed: 12/10/2021, 07:42 PM
Previous filing: Dec 7, 2021
Next filing: Jan 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	REFI	Common Stock	Purchase	$80K	+5K		$16.00	5K	Dec 8, 2021	Direct	F1
transaction	REFI	Common Stock	Award	$0	+4.69K	+93.76%	$0.00	9.69K	Dec 10, 2021	Direct	F2

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

Explanation of Responses:

Id	Content
F1	All of the shares held by Mr. Papastavrou are subject to a 180-day lockup that ends on June 5, 2022.
F2	On December 10, 2021, Mr. Papastavrou 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.

Content

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

On December 10, 2021, Mr. Papastavrou 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.