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REFI - Chicago Atlantic Real Estate Finance, Inc.

Insider Purchase by Papastavrou Jason D (Dir)

6 Months
After Trade
Before Trade

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Trade Summary

4 months ago, Papastavrou Jason D, serving as Dir at Chicago Atlantic Real Estate Finance, Inc. (REFI), purchased 18,000 shares at $12.65 per share, for a total transaction value of $227,740.00. Following this transaction, Papastavrou Jason D now holds 57,546 shares of REFI.

This purchase represents a 46.00% increase in Papastavrou Jason D's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Wednesday, October 15, 2025 and publicly disclosed via SEC Form 4 filing on Thursday, October 16, 2025, 1 day after the trade was made.

Chicago Atlantic Real Estate Finance, Inc. operates in the REAL ESTATE sector, specifically within the REIT - MORTGAGE industry. Insider buying activity in this sector can provide valuable signals about industry trends and company-specific developments.

Papastavrou Jason D

Dir

Jason D. Papastavrou, Ph.D., age 62, is the Lead Independent Director of Chicago Atlantic Real Estate Finance, Inc. (REFI), a position he has held since 2021.[[1]](https://fintool.com/app/research/companies/REFI/people/jason-papastavrou)[[5]](https://www.marketscreener.com/insider/JASON-PAPASTAVROU-A08CH9/) He serves as an independent director under Nasdaq and Rule 10A-3 standards and is designated as an audit committee financial expert, contributing expertise in financial markets, capital raising, and risk oversight.[[1]](https://fintool.com/app/research/companies/REFI/people/jason-papastavrou) Papastavrou is the founder and CEO of ARIS Capital Management, LLC since 2004, with prior leadership roles including founder and managing director of the fund-of-hedge-funds strategies group at Banc of America Capital Management, president of BACAP Alternative Advisors, and senior portfolio manager at Deutsche Asset Management.[[1]](https://fintool.com/app/research/companies/REFI/people/jason-papastavrou) A tenured professor in Industrial Engineering at Purdue University, he holds a B.S. in Mathematics, M.S., and Ph.D. in Electrical Engineering & Computer Science from MIT.[[1]](https://fintool.com/app/research/companies/REFI/people/jason-papastavrou) Recently, as a director, he acquired shares in REFI, including a $227,000 purchase, owning approximately 39,546 to 57,546 shares as of early 2026.[[1]](https://fintool.com/app/research/companies/REFI/people/jason-papastavrou)[[2]](https://www.gurufocus.com/insider/20816/jason-d-papastavrou)[[4]](https://www.investing.com/news/insider-trading-news/chicago-atlantic-director-papastavrou-buys-227k-in-refi-93CH-4293541)[[6]](https://businessquant.com/stocks/refi/insiders)

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Trade Price

$12.65

Quantity

18,000

Total Value

$227,740.00

Shares Owned

57,546

Trade Date

Wednesday, October 15, 2025

130 days ago

SEC Filing Date

Thursday, October 16, 2025

Filed 1 day after trade

REAL ESTATEREIT - MORTGAGE

About Chicago Atlantic Real Estate Finance, Inc.

Company Overview

No company information available
View news mentioning REFI

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