ARBOR REALTY TRUST INC — Director's Dealing 2021

Feb 19, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARBOR REALTY TRUST INC (ABR)
CIK: 0001253986
Period of Report: 2021-02-17

Reporting Person: KAUFMAN IVAN (Director, COB, CEO and President, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-17	Common Stock, par value $0.01 per share	M	448980	—	Acquired	1402043	Direct
2021-02-17	Common Stock, par value $0.01 per share	F	219897	$15.63	Disposed	1182146	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-17	Restricted Stock Units	$	M	448980	Disposed		Common Stock, par value $0.01 per share (448980)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.01 per share	3528083	Indirect
Common Stock, par value $0.01 per share	3632	Indirect
Common Stock, par value $0.01 per share	1632	Indirect

Footnotes

F1: In 2017, Mr. Kaufman was granted up to 448,980 of Restricted Stock Units, which were issuable based on the achievement of certain four-year shareholder return objectives ending December 31, 2020 of Arbor Realty Trust, Inc. (the "Company"). Based on the Company's results, 448,980 Restricted Stock Units vested.

F2: Represents shares that have been withheld by the Company to satisfy tax-withholding obligations in connection with the vesting of Mr. Kaufman's Restricted Stock Units.

F3: Mr. Kaufman disclaims beneficial ownership of these shares of common stock except to the extent of his pecuniary interest therein.

F4: Each Restricted Stock Unit represents the contingent right to receive one share of common stock upon vesting of the unit.

F5: Not applicable.