ARBOR REALTY TRUST INC — Director's Dealing 2021

Oct 1, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARBOR REALTY TRUST INC (ABR)
CIK: 0001253986
Period of Report: 2021-09-29

Reporting Person: ARBOR COMMERCIAL MORTGAGE LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-29	Special Voting Preferred Stock, par value $0.01 per share	J	27138	—	Disposed	10665530	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-29	Partnership Common Units	$	J	27138	Disposed		Common Stock, par value $0.01 per share (27138)	Direct

Footnotes

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 September 29,2021, ACM distributed 27,138 OP Units and Preferred Shares valued at $499,882 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 September 24,2021 through September 28,2021, of $18.42 per share.

F2: Not applicable.