SCHEDULE 13G/A 0001140361-25-018174 0001706766 XXXXXXXX LIVE 1 Common Stock, par value $0.01 per share 12/31/2025 0002012706 Sunrise Realty Trust, Inc. 867981102 525 Okeechobee Blvd Suite 1650 West Palm Beach FL 33401 Rule 13d-1(b) Caption Management, LLC DE 0.00 100000.00 0.00 100000.00 100000.00 0.75 IA OO William Cooper X1 0.00 100000.00 0.00 100000.00 100000.00 0.75 IN HC Jason Strasser X1 0.00 100000.00 0.00 100000.00 100000.00 0.75 IN HC Sunrise Realty Trust, Inc. 525 Okeechobee Blvd., Suite 1650, West Palm Beach, Florida, 33401 This statement is filed by: (i) Caption Management, LLC ("Caption Management") with respect to shares of common stock, par value $0.01 per share ("Shares"), of the Issuer held by certain investment funds and managed accounts it manages; (ii) William Cooper ("Mr. Cooper") with respect to Shares beneficially owned by Caption Management; and (iii) Jason Strasser ("Mr. Strasser") with respect to Shares beneficially owned by Caption Management. The address of the principal business office of Caption Management, Mr. Cooper and Mr. Strasser is 499 W Sheridan Ave., Suite 2250, Oklahoma City, Oklahoma, 73102. Caption Management is a Delaware limited liability company. Mr. Cooper and Mr. Strasser are each United States citizens. N IA HC The information contained in rows 5, 6, 7, 8, 9, 10 and 11 on each of the cover pages of this Schedule 13G is incorporated by reference in its entirety into this item 4. Pursuant to investment management agreements, Caption Management maintains investment and voting power with respect to the securities held by certain investment funds and managed accounts it manages. Mr. Cooper and Mr. Strasser share control of Caption Management. As of December 31, 2025, each of Caption Management, Mr. Cooper, and Mr. Strasser may be deemed to beneficially own call options exercisable for 100,000 Shares, or 0.75% of the Shares based on 13,420,986 shares outstanding as of November 7, 2025 as reported in the Quarterly Report on Form 10-Q filed by the Issuer with the Securities and Exchange Commission on November 13, 2025. Each of Caption Management, Mr. Cooper and Mr. Strasser disclaims beneficial ownership of any of the securities covered by this statement. See each cover page hereof. See each cover page hereof. See each cover page hereof. See each cover page hereof. See each cover page hereof. N Y Y N See Exhibit 99.2 Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. 99.2 Item 7 Information Caption Management, LLC /s/ William Cooper 01/26/2026 William Cooper /s/ William Cooper 01/26/2026 Jason Strasser /s/ Jason Strasser 01/26/2026