Friedman David Erwin 4

What Happened
Friedman David Erwin, Chief Credit Officer & Head of Non-Agency Products at Arbor Realty Trust (ABR), had 3,598 shares withheld by the company to satisfy tax-withholding obligations in connection with the vesting of common stock. The withholding was recorded at $7.67 per share for a total value of $27,597. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-03-14; Filing date: 2026-03-17 (Form 4 accession 0001104659-26-029704).
• Disposition: 3,598 shares withheld at $7.67/share; aggregate value reported $27,597.
• Shares owned after transaction: Not specified in the filing.
• Transaction code: F (tax withholding). Footnote: shares were withheld by the Company to satisfy tax-withholding obligations in connection with the vesting of common stock.
• No indication in the filing of a 10b5-1 plan or a late filing flag.

Context
Tax-withholding dispositions are routine when restricted stock vests or option exercises occur; the company withholds shares instead of paying cash to cover taxes. Such withholdings are administrative and do not necessarily signal an insider's view of the company’s prospects.