Chicago Atlantic Real Estate Finance REFI Insider Ownership

NASDAQ REFI

$9.04 -0.04 (-0.44%)

As of: Oct 21, 2026 · 1:45 PM EDT

Insider Holdings by Owner

3.34Mn Shares

Insider Ownership Statistics

as of 30 Sep, 2026

Insider Ownership

9.66%

▲+0.576% pp QoQ

Shares Held by Insiders

2.06Mn

filed for Sep 2026

▲+6.34% QoQ

Shares Outstanding

21.31Mn

21,314,392 shares

Direct Holdings

2.05Mn

Indirect: 13.00K

Net Shares Traded (QoQ)

+122.86K

net buying in Sep 2026

Insiders Holding Shares

with Form 4 holdings on file

Shares Owned by Insiders

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Shares Purchased/Sold by Insiders

Bought Sold

Latest quarter —

Net over range —

Buying quarters —

Insider Ownership Summary

Updated Oct 16, 2026

Across the past 12 months, open-market trades by Chicago Atlantic Real Estate Finance insiders were all purchases, totaling $1.39 million (130.86K shares).

Counted by insider, open-market buying of REFI stock in the past 12 months came from 3 insiders, with no insider selling.
Among Chicago Atlantic Real Estate Finance's insiders, John Mazarakis (Executive Chairman) was the largest open-market buyer over the past 12 months, purchasing $868,812 of stock (80.86K shares), most recently on August 27, 2026.
Away from the open market, REFI insiders received 75.89K shares in stock awards over the last 12 months.
Business Quant data puts insider holdings in REFI at 2.06Mn shares across insiders' latest Form 4 filings, up 6.34% from 1.94Mn shares at the end of Q2 2026.
Indirect holdings, through trusts, partnerships, family members and other entities, make up 0.63% (13K shares) of Chicago Atlantic Real Estate Finance's insider total, with the other 99.37% (2.05Mn shares) held directly.
Business Quant counts 10 insiders with holdings in Chicago Atlantic Real Estate Finance stock, among the officers, directors and 10% owners who have filed a Form 4 in the past two years.
Chicago Atlantic Real Estate Finance's three biggest insider holders are John Mazarakis (Executive Chairman, 531.56K shares), Anthony Cappell (Co-Chief Executive Officer, 466.71K shares) and Andreas Bodmeier (President and CIO, 391.53K shares), based on their latest Form 4 filings.
The holding of John Mazarakis makes up 25.81% of all shares held by Chicago Atlantic Real Estate Finance insiders.
Institutional holders reported 32.49% of Chicago Atlantic Real Estate Finance's outstanding shares for Q2 2026; insiders' latest Form 4 filings put their stake at about 9.66%, and other investors, including the public, hold the remaining 57.85%.
In the past year, 8 insiders of Chicago Atlantic Real Estate Finance submitted 18 Form 4 filings reporting trades, awards or other transactions.
Insider figures for REFI include Form 4 filings through August 28, 2026.

Form 4 Holdings

Insiders Holding REFI

Insiders 12

Shares held 3.34Mn

Of outstanding 15.67%

#	Insider	Position	Direct	Total	Share of Insiders	Last Filed
1	Anthony Cappell	Co Chief Executive Officer	888,412	888,412	26.6%	19 Aug, 2026
2	Donald E. Gulbrandsen	Co President And Cio	851,445	851,445	25.5%	03 Apr, 2024
3	John Mazarakis	Executive Chairman	526,562	526,562	15.8%	28 Aug, 2026
4	Andreas Bodmeier	President And Cio	391,534	391,534	11.7%	03 Apr, 2025
5	Michael L. Steiner	Director	274,109	274,109	8.2%	03 Apr, 2025
6	Peter Sack	Co Chief Executive Officer	123,356	123,356	3.7%	21 Aug, 2026
7	David Kite	President And Coo	96,615	96,615	2.9%	22 Apr, 2026
8	Phillip Silverman	Chief Financial Officer	71,516	71,516	2.1%	22 Apr, 2026
9	Jason D Papastavrou	Director	55,870	55,870	1.7%	22 Apr, 2026
10	Brandon Konigsberg	Director	33,870	33,870	1.0%	22 Apr, 2026
11	Frederick C Herbst	Director	19,475	19,475	0.6%	03 Apr, 2024
12	Elizabeth Mary Stavola	Director	6,324	6,324	0.2%	22 Apr, 2026

Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.

Form 4 Filings

94 Insider Transactions

Source SEC Form 4

Latest quarter Sep 2026

Date	Insider	Position	Transaction	Shares	Price	Value	Shares Held After	Ownership
26 Aug, 2026	John Mazarakis	Executive Chairman	Acquired P	40,181	$10.67	$428.59K	519,032	Direct
27 Aug, 2026	John Mazarakis	Executive Chairman	Acquired P	7,530	$10.67	$80.35K	526,562	Direct
21 Aug, 2026	John Mazarakis	Executive Chairman	Acquired P	145	$10.67	$1.55K	478,851	Direct
18 Aug, 2026	Peter Sack	Co Chief Executive Officer	Acquired P	1,500	$10.43	$15.65K	119,856	Direct
19 Aug, 2026	Peter Sack	Co Chief Executive Officer	Acquired P	1,500	$10.53	$15.79K	121,356	Direct
19 Aug, 2026	Peter Sack	Co Chief Executive Officer	Acquired P	2,000	$10.39	$20.78K	123,356	Direct
17 Aug, 2026	John Mazarakis	Executive Chairman	Acquired P	25,000	$10.25	$256.33K	478,706	Direct
17 Aug, 2026	Anthony Cappell	Co Chief Executive Officer	Acquired P	45,000	$10.41	$468.23K	466,706	Direct
20 Apr, 2026	Jason D Papastavrou	Director	Acquired A	6,324	$0.00	$0	55,870	Direct
20 Apr, 2026	Phillip Silverman	Chief Financial Officer	Acquired A	32,462	$0.00	$0	71,516	Direct
20 Apr, 2026	Peter Sack	Co Chief Executive Officer	Acquired A	37,099	$0.00	$0	118,356	Direct
20 Apr, 2026	Brandon Konigsberg	Director	Acquired A	6,324	$0.00	$0	33,870	Direct
20 Apr, 2026	Anthony Cappell	Co Chief Executive Officer	Acquired A	37,099	$0.00	$0	421,706	Direct
20 Apr, 2026	John Mazarakis	Executive Chairman	Acquired A	37,099	$0.00	$0	453,706	Direct
20 Apr, 2026	Elizabeth Mary Stavola	Director	Acquired A	6,324	$0.00	$0	6,324	Direct
20 Apr, 2026	David Kite	President And Coo	Acquired A	37,099	$0.00	$0	96,615	Direct
15 Oct, 2025	Jason D Papastavrou	Director	Acquired P	10,000	$12.62	$126.15K	49,546	Direct
14 Oct, 2025	Peter Sack	Co Chief Executive Officer	Acquired P	8,150	$12.43	$101.30K	81,257	Direct
14 Oct, 2025	David Kite	Chief Operating Officer	Acquired P	2,500	$12.31	$30.78K	57,016	Direct
14 Oct, 2025	Brandon Konigsberg	Director	Acquired P	7,000	$12.33	$86.30K	27,546	Direct

Showing 1 to 20 of 94 transactions