ABR

SEC source: 0001104659-20-031556 · a4.xml · nonDerivative · entry 2

Kilgore Gene · CIK 0001308193 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 419,114

F2 · kind: Represents shares that have been withheld by the Company to satisfy tax-withholding obligations in connection with the vesting of common stock.

SEC source: 0001104659-20-031556 · a4.xml · nonDerivative · entry 1

Kilgore Gene · CIK 0001308193 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 423,956

F1 · price: Shares of common stock par value $0.01 per share of Arbor Realty Trust, Inc. (the"Company") granted pursuant to the Company's 2017 Omnibus Stock Incentive Plan. One third vest on the date of grant, one third vest in one year and one third vest in two years.

SEC source: 0001104659-20-031559 · a4.xml · nonDerivative · entry 3

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 240,325

F2 · kind: Represents shares that have been reacquired by the Company to satisfy tax-withholding obligations in connection with the vesting of common stock.

SEC source: 0001104659-20-031559 · a4.xml · nonDerivative · entry 2

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 245,016

F2 · kind: Represents shares that have been reacquired by the Company to satisfy tax-withholding obligations in connection with the vesting of common stock.

SEC source: 0001104659-20-031559 · a4.xml · nonDerivative · entry 1

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 249,101

F1 · price: Shares of common stock par value $0.01 per share of Arbor Realty Trust, Inc. (the "Company") granted pursuant to the Company's 2017 Omnibus Stock Incentive Plan. One third vest on the date of grant, one third vest in one year and one third vest in two years.

SEC source: 0001104659-20-031553 · a4.xml · nonDerivative · entry 3

Caulfield John · CIK 0001696829 · COO, Agency Lending

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 146,482

F2 · kind: Represents shares that have been withheld by the Company to satisfy tax-withholding obligations in connection with the vesting of common stock.

SEC source: 0001104659-20-031553 · a4.xml · nonDerivative · entry 2

Caulfield John · CIK 0001696829 · COO, Agency Lending

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 150,235

F2 · kind: Represents shares that have been withheld by the Company to satisfy tax-withholding obligations in connection with the vesting of common stock.

SEC source: 0001104659-20-031553 · a4.xml · nonDerivative · entry 1

Caulfield John · CIK 0001696829 · COO, Agency Lending

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 154,691

F1 · price: Shares of common stock par value $0.01 per share of Arbor Realty Trust, Inc. (the"Company") granted pursuant to the Company's 2017 Omnibus Stock Incentive Plan. One third vest on the date of grant, one third vest in one year and one third vest in two years.

SEC source: 0001104659-20-031545 · a4.xml · nonDerivative · entry 1

Green William C · CIK 0001544002 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 112,771

F1 · price: Shares of common stock par value $0.01 per share of Arbor Realty Trust, Inc. (the "Company") granted pursuant to the Company's 2017 Omnibus Stock Incentive Plan.

SEC source: 0001104659-20-031551 · a4.xml · nonDerivative · entry 3

Elenio Paul · CIK 0001338657 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 399,671

F2 · kind: Represents shares that have been withheld by the Company to satisfy tax-withholding obligations in connection with the vesting of common stock.

SEC source: 0001104659-20-031551 · a4.xml · nonDerivative · entry 2

Elenio Paul · CIK 0001338657 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 406,238

F2 · kind: Represents shares that have been withheld by the Company to satisfy tax-withholding obligations in connection with the vesting of common stock.

SEC source: 0001104659-20-031551 · a4.xml · nonDerivative · entry 1

Elenio Paul · CIK 0001338657 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 411,437

F1 · price: Shares of common stock par value $0.01 per share of Arbor Realty Trust, Inc. (the"Company") granted pursuant to the Company's 2017 Omnibus Stock Incentive Plan. One third vest on the date of grant, one third vest in one year and one third vest in two years.

SEC source: 0001104659-20-031544 · a4.xml · nonDerivative · entry 1

Schwartz Elliot · CIK 0001742856 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,501

F1 · price: Shares of common stock par value $0.01 per share of Arbor Realty Trust, Inc. (the "Company") granted pursuant to the Company's 2017 Omnibus Stock Incentive Plan.

SEC source: 0001104659-20-031549 · a4.xml · nonDerivative · entry 4

KAUFMAN IVAN · CIK 0000942473 · Director · COB, CEO and President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,018,943

F2 · kind: Represents shares that have been withheld by the Company to satisfy tax-withholding obligations in connection with the vesting of common stock.

SEC source: 0001104659-20-031562 · a4.xml · nonDerivative · entry 4

Ridings Thomas J. · CIK 0001409876 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 100,691

F2 · kind: Represents shares that have been withheld by the Company to satisfy tax-withholding obligations in connection with the vesting of common stock.

SEC source: 0001104659-20-031563 · a4.xml · nonDerivative · entry 4

WEBER FRED · CIK 0001285199 · EVP-Structured Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 469,523

F2 · kind: Represents shares that have been withheld by the Company to satisfy tax-withholding obligations in connection with the vesting of common stock.

SEC source: 0001104659-20-031564 · a4.xml · nonDerivative · entry 4

GUZIEWICZ ANDREW · CIK 0001571180 · Chief Credit Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 56,020

F2 · kind: Represents shares that have been withheld by the Company to satisfy tax-withholding obligations in connection with the vesting of common stock.

SEC source: 0001104659-20-031556 · a4.xml · nonDerivative · entry 4

Kilgore Gene · CIK 0001308193 · EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 409,815

F2 · kind: Represents shares that have been withheld by the Company to satisfy tax-withholding obligations in connection with the vesting of common stock.

SEC source: 0001104659-20-031559 · a4.xml · nonDerivative · entry 4

Natalone John · CIK 0001696122 · EVP, Treasury and Servicing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 236,782

F2 · kind: Represents shares that have been reacquired by the Company to satisfy tax-withholding obligations in connection with the vesting of common stock.

SEC source: 0001104659-20-031553 · a4.xml · nonDerivative · entry 4

Caulfield John · CIK 0001696829 · COO, Agency Lending

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 142,617

F2 · kind: Represents shares that have been withheld by the Company to satisfy tax-withholding obligations in connection with the vesting of common stock.

SEC source: 0001104659-20-031551 · a4.xml · nonDerivative · entry 4

Elenio Paul · CIK 0001338657 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 395,161

F2 · kind: Represents shares that have been withheld by the Company to satisfy tax-withholding obligations in connection with the vesting of common stock.

SEC source: 0001104659-20-025383 · a4.xml · nonDerivative · entry 1

LAZAR MELVIN F · CIK 0001218403 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 210,000

SEC source: 0001104659-20-021997 · a4.xml · derivative · entry 13

KAUFMAN IVAN · CIK 0000942473 · Director · COB, CEO and President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Arbor Commercial Mortgage, LLC

Disclosed balance after: 14,669,101

Underlying: Common Stock, par value $0.01 per share · 16,628 shares

Expires not disclosed

F8 · derivative.exercise_price: On July 14, 2016, Arbor Realty Limited Partnership, a Delaware limited partnership, issued OP Units to ACM and, therefore, the Company issued Special Voting Preferred Stock ("Preferred Shares") to ACM. On February 14, 2020, ACM distributed 16,628 OP Units and Preferred Shares with a fair market value of approximately $250,000 to one of its partners for a portion of his respective membership interest. The fair market value was determined using the average closing stock price of the Company from January 31, 2020 to February 13, 2020 of $15.04.

F8 · kind: On July 14, 2016, Arbor Realty Limited Partnership, a Delaware limited partnership, issued OP Units to ACM and, therefore, the Company issued Special Voting Preferred Stock ("Preferred Shares") to ACM. On February 14, 2020, ACM distributed 16,628 OP Units and Preferred Shares with a fair market value of approximately $250,000 to one of its partners for a portion of his respective membership interest. The fair market value was determined using the average closing stock price of the Company from January 31, 2020 to February 13, 2020 of $15.04.

F8 · price: On July 14, 2016, Arbor Realty Limited Partnership, a Delaware limited partnership, issued OP Units to ACM and, therefore, the Company issued Special Voting Preferred Stock ("Preferred Shares") to ACM. On February 14, 2020, ACM distributed 16,628 OP Units and Preferred Shares with a fair market value of approximately $250,000 to one of its partners for a portion of his respective membership interest. The fair market value was determined using the average closing stock price of the Company from January 31, 2020 to February 13, 2020 of $15.04.

F7 · derivative.exercise_date: Not applicable.

F7 · derivative.expiration_date: Not applicable.

F5 · balance_after: Mr. Kaufman disclaims beneficial ownership of these shares of common stock except to the extent of his pecuniary interest therein.

SEC source: 0001104659-20-021997 · a4.xml · derivative · entry 12

KAUFMAN IVAN · CIK 0000942473 · Director · COB, CEO and President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Arbor Management, LLC

Disclosed balance after: 0

Underlying: Common Stock, par value $0.01 per share · 39,024 shares

Expires not disclosed

F7 · derivative.exercise_price: Not applicable.

F4 · kind: As previously agreed to, the Company used a portion of the net proceeds received from its December 12, 2019 public offering of 7,475,000 shares of common stock (the "Offering") to purchase an aggregate of 747,500 shares of the Company's common stock and/or Partnership Common Units ("OP Units") held by Mr. Kaufman, Arbor Commercial Mortgage, LLC ("ACM") and Arbor Management, LLC for $13.93 per share, which is the same price at which the underwriters purchased the shares in the Offering.

F4 · price: As previously agreed to, the Company used a portion of the net proceeds received from its December 12, 2019 public offering of 7,475,000 shares of common stock (the "Offering") to purchase an aggregate of 747,500 shares of the Company's common stock and/or Partnership Common Units ("OP Units") held by Mr. Kaufman, Arbor Commercial Mortgage, LLC ("ACM") and Arbor Management, LLC for $13.93 per share, which is the same price at which the underwriters purchased the shares in the Offering.

F7 · derivative.exercise_date: Not applicable.

F7 · derivative.expiration_date: Not applicable.

SEC source: 0001104659-20-021997 · a4.xml · derivative · entry 11

KAUFMAN IVAN · CIK 0000942473 · Director · COB, CEO and President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock, par value $0.01 per share · 75,805 shares

Expires not disclosed

F7 · derivative.exercise_price: Not applicable.

F4 · kind: As previously agreed to, the Company used a portion of the net proceeds received from its December 12, 2019 public offering of 7,475,000 shares of common stock (the "Offering") to purchase an aggregate of 747,500 shares of the Company's common stock and/or Partnership Common Units ("OP Units") held by Mr. Kaufman, Arbor Commercial Mortgage, LLC ("ACM") and Arbor Management, LLC for $13.93 per share, which is the same price at which the underwriters purchased the shares in the Offering.

F4 · price: As previously agreed to, the Company used a portion of the net proceeds received from its December 12, 2019 public offering of 7,475,000 shares of common stock (the "Offering") to purchase an aggregate of 747,500 shares of the Company's common stock and/or Partnership Common Units ("OP Units") held by Mr. Kaufman, Arbor Commercial Mortgage, LLC ("ACM") and Arbor Management, LLC for $13.93 per share, which is the same price at which the underwriters purchased the shares in the Offering.

F7 · derivative.exercise_date: Not applicable.

F7 · derivative.expiration_date: Not applicable.

SEC source: 0001104659-20-021997 · a4.xml · nonDerivative · entry 9

KAUFMAN IVAN · CIK 0000942473 · Director · COB, CEO and President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Arbor Commercial Mortgage, LLC

Disclosed balance after: 14,669,101

F8 · kind: On July 14, 2016, Arbor Realty Limited Partnership, a Delaware limited partnership, issued OP Units to ACM and, therefore, the Company issued Special Voting Preferred Stock ("Preferred Shares") to ACM. On February 14, 2020, ACM distributed 16,628 OP Units and Preferred Shares with a fair market value of approximately $250,000 to one of its partners for a portion of his respective membership interest. The fair market value was determined using the average closing stock price of the Company from January 31, 2020 to February 13, 2020 of $15.04.

F8 · price: On July 14, 2016, Arbor Realty Limited Partnership, a Delaware limited partnership, issued OP Units to ACM and, therefore, the Company issued Special Voting Preferred Stock ("Preferred Shares") to ACM. On February 14, 2020, ACM distributed 16,628 OP Units and Preferred Shares with a fair market value of approximately $250,000 to one of its partners for a portion of his respective membership interest. The fair market value was determined using the average closing stock price of the Company from January 31, 2020 to February 13, 2020 of $15.04.

F5 · balance_after: Mr. Kaufman disclaims beneficial ownership of these shares of common stock except to the extent of his pecuniary interest therein.

SEC source: 0001104659-20-021997 · a4.xml · nonDerivative · entry 8

KAUFMAN IVAN · CIK 0000942473 · Director · COB, CEO and President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Arbor Management, LLC

Disclosed balance after: 0

F4 · kind: As previously agreed to, the Company used a portion of the net proceeds received from its December 12, 2019 public offering of 7,475,000 shares of common stock (the "Offering") to purchase an aggregate of 747,500 shares of the Company's common stock and/or Partnership Common Units ("OP Units") held by Mr. Kaufman, Arbor Commercial Mortgage, LLC ("ACM") and Arbor Management, LLC for $13.93 per share, which is the same price at which the underwriters purchased the shares in the Offering.

F4 · price: As previously agreed to, the Company used a portion of the net proceeds received from its December 12, 2019 public offering of 7,475,000 shares of common stock (the "Offering") to purchase an aggregate of 747,500 shares of the Company's common stock and/or Partnership Common Units ("OP Units") held by Mr. Kaufman, Arbor Commercial Mortgage, LLC ("ACM") and Arbor Management, LLC for $13.93 per share, which is the same price at which the underwriters purchased the shares in the Offering.

SEC source: 0001104659-20-021997 · a4.xml · nonDerivative · entry 7

KAUFMAN IVAN · CIK 0000942473 · Director · COB, CEO and President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F4 · kind: As previously agreed to, the Company used a portion of the net proceeds received from its December 12, 2019 public offering of 7,475,000 shares of common stock (the "Offering") to purchase an aggregate of 747,500 shares of the Company's common stock and/or Partnership Common Units ("OP Units") held by Mr. Kaufman, Arbor Commercial Mortgage, LLC ("ACM") and Arbor Management, LLC for $13.93 per share, which is the same price at which the underwriters purchased the shares in the Offering.

F4 · price: As previously agreed to, the Company used a portion of the net proceeds received from its December 12, 2019 public offering of 7,475,000 shares of common stock (the "Offering") to purchase an aggregate of 747,500 shares of the Company's common stock and/or Partnership Common Units ("OP Units") held by Mr. Kaufman, Arbor Commercial Mortgage, LLC ("ACM") and Arbor Management, LLC for $13.93 per share, which is the same price at which the underwriters purchased the shares in the Offering.

SEC source: 0001104659-20-021997 · a4.xml · nonDerivative · entry 4

KAUFMAN IVAN · CIK 0000942473 · Director · COB, CEO and President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Arbor Commercial Mortgage, LLC

Disclosed balance after: 3,898,554

F4 · kind: As previously agreed to, the Company used a portion of the net proceeds received from its December 12, 2019 public offering of 7,475,000 shares of common stock (the "Offering") to purchase an aggregate of 747,500 shares of the Company's common stock and/or Partnership Common Units ("OP Units") held by Mr. Kaufman, Arbor Commercial Mortgage, LLC ("ACM") and Arbor Management, LLC for $13.93 per share, which is the same price at which the underwriters purchased the shares in the Offering.

F4 · price: As previously agreed to, the Company used a portion of the net proceeds received from its December 12, 2019 public offering of 7,475,000 shares of common stock (the "Offering") to purchase an aggregate of 747,500 shares of the Company's common stock and/or Partnership Common Units ("OP Units") held by Mr. Kaufman, Arbor Commercial Mortgage, LLC ("ACM") and Arbor Management, LLC for $13.93 per share, which is the same price at which the underwriters purchased the shares in the Offering.

F5 · balance_after: Mr. Kaufman disclaims beneficial ownership of these shares of common stock except to the extent of his pecuniary interest therein.

SEC source: 0001104659-20-021997 · a4.xml · nonDerivative · entry 3

KAUFMAN IVAN · CIK 0000942473 · Director · COB, CEO and President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 993,615

F4 · kind: As previously agreed to, the Company used a portion of the net proceeds received from its December 12, 2019 public offering of 7,475,000 shares of common stock (the "Offering") to purchase an aggregate of 747,500 shares of the Company's common stock and/or Partnership Common Units ("OP Units") held by Mr. Kaufman, Arbor Commercial Mortgage, LLC ("ACM") and Arbor Management, LLC for $13.93 per share, which is the same price at which the underwriters purchased the shares in the Offering.

F4 · price: As previously agreed to, the Company used a portion of the net proceeds received from its December 12, 2019 public offering of 7,475,000 shares of common stock (the "Offering") to purchase an aggregate of 747,500 shares of the Company's common stock and/or Partnership Common Units ("OP Units") held by Mr. Kaufman, Arbor Commercial Mortgage, LLC ("ACM") and Arbor Management, LLC for $13.93 per share, which is the same price at which the underwriters purchased the shares in the Offering.

SEC source: 0001104659-20-022001 · a4.xml · derivative · entry 3

ARBOR COMMERCIAL MORTGAGE LLC · CIK 0001285910 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,669,101

Underlying: Common Stock, par value $0.01 per share · 16,628 shares

Expires not disclosed

F3 · derivative.exercise_price: On July 14, 2016, Arbor Realty Limited Partnership, a Delaware limited partnership, issued Partnership Common Units ("OP Units") to ACM and, therefore, the Company issued Special Voting Preferred Stock ("Preferred Shares") to ACM. On February 14, 2020, ACM distributed 16,628 OP Units and Preferred Shares with a fair market value of approximately $250,000 to one of its partners for a portion of his respective membership interest. The fair market value was determined using the average closing stock price of the Company from January 31, 2020 to February 13, 2020 of $15.04.

F3 · kind: On July 14, 2016, Arbor Realty Limited Partnership, a Delaware limited partnership, issued Partnership Common Units ("OP Units") to ACM and, therefore, the Company issued Special Voting Preferred Stock ("Preferred Shares") to ACM. On February 14, 2020, ACM distributed 16,628 OP Units and Preferred Shares with a fair market value of approximately $250,000 to one of its partners for a portion of his respective membership interest. The fair market value was determined using the average closing stock price of the Company from January 31, 2020 to February 13, 2020 of $15.04.

F3 · price: On July 14, 2016, Arbor Realty Limited Partnership, a Delaware limited partnership, issued Partnership Common Units ("OP Units") to ACM and, therefore, the Company issued Special Voting Preferred Stock ("Preferred Shares") to ACM. On February 14, 2020, ACM distributed 16,628 OP Units and Preferred Shares with a fair market value of approximately $250,000 to one of its partners for a portion of his respective membership interest. The fair market value was determined using the average closing stock price of the Company from January 31, 2020 to February 13, 2020 of $15.04.

F2 · derivative.exercise_date: Not applicable.

F2 · derivative.expiration_date: Not applicable.

SEC source: 0001104659-20-022001 · a4.xml · nonDerivative · entry 2

ARBOR COMMERCIAL MORTGAGE LLC · CIK 0001285910 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,669,101

F3 · kind: On July 14, 2016, Arbor Realty Limited Partnership, a Delaware limited partnership, issued Partnership Common Units ("OP Units") to ACM and, therefore, the Company issued Special Voting Preferred Stock ("Preferred Shares") to ACM. On February 14, 2020, ACM distributed 16,628 OP Units and Preferred Shares with a fair market value of approximately $250,000 to one of its partners for a portion of his respective membership interest. The fair market value was determined using the average closing stock price of the Company from January 31, 2020 to February 13, 2020 of $15.04.

F3 · price: On July 14, 2016, Arbor Realty Limited Partnership, a Delaware limited partnership, issued Partnership Common Units ("OP Units") to ACM and, therefore, the Company issued Special Voting Preferred Stock ("Preferred Shares") to ACM. On February 14, 2020, ACM distributed 16,628 OP Units and Preferred Shares with a fair market value of approximately $250,000 to one of its partners for a portion of his respective membership interest. The fair market value was determined using the average closing stock price of the Company from January 31, 2020 to February 13, 2020 of $15.04.

SEC source: 0001104659-20-022001 · a4.xml · nonDerivative · entry 1

ARBOR COMMERCIAL MORTGAGE LLC · CIK 0001285910 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,898,554

F1 · kind: As previously agreed to, Arbor Realty Trust, Inc. (the "Company") used a portion of the net proceeds received from its December 12, 2019 public offering of 7,475,000 shares of common stock (the "Offering") to purchase 387,140 shares of the Company's common stock held by Arbor Commercial Mortgage, LLC ("ACM") for $13.93 per share, which is the same price at which the underwriters purchased the shares in the Offering.

F1 · price: As previously agreed to, Arbor Realty Trust, Inc. (the "Company") used a portion of the net proceeds received from its December 12, 2019 public offering of 7,475,000 shares of common stock (the "Offering") to purchase 387,140 shares of the Company's common stock held by Arbor Commercial Mortgage, LLC ("ACM") for $13.93 per share, which is the same price at which the underwriters purchased the shares in the Offering.

SEC source: 0001104659-20-021997 · a4.xml · derivative · entry 10

KAUFMAN IVAN · CIK 0000942473 · Director · COB, CEO and President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,182,910

Underlying: Common Stock, par value $0.01 per share · 421,348 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F6 · derivative.exercise_price: Each Restricted Stock Unit represents the contingent right to receive one share of common stock upon vesting of the unit.

F1 · kind: In 2016, Mr. Kaufman was granted up to 421,348 of Restricted Stock Units, which were issuable based on the achievement of certain four-year shareholder return objectives ending December 31, 2019 of Arbor Realty Trust, Inc. (the "Company"). Based on the Company's results, 421,348 Restricted Stock Units vested.

F7 · derivative.expiration_date: Not applicable.

SEC source: 0001104659-20-021997 · a4.xml · nonDerivative · entry 2

KAUFMAN IVAN · CIK 0000942473 · Director · COB, CEO and President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,239,146

F2 · kind: 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.

SEC source: 0001104659-20-021997 · a4.xml · nonDerivative · entry 1

KAUFMAN IVAN · CIK 0000942473 · Director · COB, CEO and President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,445,480

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: In 2016, Mr. Kaufman was granted up to 421,348 of Restricted Stock Units, which were issuable based on the achievement of certain four-year shareholder return objectives ending December 31, 2019 of Arbor Realty Trust, Inc. (the "Company"). Based on the Company's results, 421,348 Restricted Stock Units vested.

F3 · price: Each Restricted Stock Unit represents the contingent right to receive one share of common stock upon vesting of the unit.

SEC source: 0001104659-19-050586 · a4.xml · nonDerivative · entry 5

Green William C · CIK 0001544002 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 103,672

SEC source: 0001104659-19-050586 · a4.xml · nonDerivative · entry 4

Green William C · CIK 0001544002 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 104,072

SEC source: 0001104659-19-050586 · a4.xml · nonDerivative · entry 3

Green William C · CIK 0001544002 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 112,011

SEC source: 0001104659-19-050586 · a4.xml · nonDerivative · entry 2

Green William C · CIK 0001544002 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 121,465

SEC source: 0001104659-19-050586 · a4.xml · nonDerivative · entry 1

Green William C · CIK 0001544002 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 121,265

SEC source: 0001104659-19-045933 · a4.xml · nonDerivative · entry 1

LAZAR MELVIN F · CIK 0001218403 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 205,000

SEC source: 0001104659-19-043771 · a4.xml · nonDerivative · entry 1

KAUFMAN IVAN · CIK 0000942473 · Director · COB, CEO and President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,024,132

F1 · price: Shares of common stock par value $0.01 per share of Arbor Realty Trust, lnc. (the "Company") granted pursuant to the Company's 2017 Amended Omnibus Stock lncentive Plan. The shares vest in full three years after the grant date.

SEC source: 0001104659-19-041634 · a4.xml · nonDerivative · entry 2

van der Reis Dennis · CIK 0001783121 · EVP, Structured Asset Mgmt

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 111,952

F2 · kind: Represents shares that have been reacquired by the Company to satisfy tax-withholding obligations in connection with the vesting of Dennis van der Reis's common stock.

SEC source: 0001104659-19-041634 · a4.xml · nonDerivative · entry 1

van der Reis Dennis · CIK 0001783121 · EVP, Structured Asset Mgmt

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 124,069

F1 · price: Shares of common stock par value $0.01 per share of Arbor Realty Trust, Inc. (the "Company") granted pursuant to the Company's 2017 Omnibus Stock Incentive Plan. One fourth vest on the date of grant, one fourth vest in one year, one fourth vest in two years and one fourth vest in three years.

SEC source: 0001104659-19-034845 · a4.xml · nonDerivative · entry 2

KAUFMAN IVAN · CIK 0000942473 · Director · COB, CEO and President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · By Arbor Commercial Mortgage, LLC

Disclosed balance after: 4,285,694

F1 · kind: Arbor Realty Trust, Inc. (the "Company") used a portion of the net proceeds received from its May 20, 2019 public offering of 9,200,000 shares of common stock (the "Offering") to purchase an aggregate of 920,000 shares of the Company's common stock held by Mr. Kaufman and Arbor Commercial Mortgage, LLC for $12.58 per share, which is the same price at which the underwriters purchased the shares in the Offering.

F1 · price: Arbor Realty Trust, Inc. (the "Company") used a portion of the net proceeds received from its May 20, 2019 public offering of 9,200,000 shares of common stock (the "Offering") to purchase an aggregate of 920,000 shares of the Company's common stock held by Mr. Kaufman and Arbor Commercial Mortgage, LLC for $12.58 per share, which is the same price at which the underwriters purchased the shares in the Offering.

F2 · balance_after: Mr. Kaufman disclaims beneficial ownership of these shares of Common Stock except to the extent of his pecuniary interest therein.

SEC source: 0001104659-19-034845 · a4.xml · nonDerivative · entry 1

KAUFMAN IVAN · CIK 0000942473 · Director · COB, CEO and President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 777,624

F1 · kind: Arbor Realty Trust, Inc. (the "Company") used a portion of the net proceeds received from its May 20, 2019 public offering of 9,200,000 shares of common stock (the "Offering") to purchase an aggregate of 920,000 shares of the Company's common stock held by Mr. Kaufman and Arbor Commercial Mortgage, LLC for $12.58 per share, which is the same price at which the underwriters purchased the shares in the Offering.

F1 · price: Arbor Realty Trust, Inc. (the "Company") used a portion of the net proceeds received from its May 20, 2019 public offering of 9,200,000 shares of common stock (the "Offering") to purchase an aggregate of 920,000 shares of the Company's common stock held by Mr. Kaufman and Arbor Commercial Mortgage, LLC for $12.58 per share, which is the same price at which the underwriters purchased the shares in the Offering.

SEC source: 0001104659-19-034846 · a4.xml · nonDerivative · entry 1

ARBOR COMMERCIAL MORTGAGE LLC · CIK 0001285910 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,285,694

F1 · kind: Arbor Realty Trust, Inc. (the "Company") used a portion of the net proceeds received from its May 20, 2019 public offering of 9,200,000 shares of common stock (the "Offering") to purchase an aggregate of 709,042 shares of the Company's common stock held by Arbor Commercial Mortgage, LLC for $12.58 per share, which is the same price at which the underwriters purchased the shares in the Offering.

F1 · price: Arbor Realty Trust, Inc. (the "Company") used a portion of the net proceeds received from its May 20, 2019 public offering of 9,200,000 shares of common stock (the "Offering") to purchase an aggregate of 709,042 shares of the Company's common stock held by Arbor Commercial Mortgage, LLC for $12.58 per share, which is the same price at which the underwriters purchased the shares in the Offering.

SEC source: 0001104659-19-029372 · a4.xml · nonDerivative · entry 1

Kenny Daniel · CIK 0001696124 · EVP, CAM, Servicing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,639

F1 · kind: The reporting person will be retiring effective May 31, 2019.

F2 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.98 to $13.12 per share. The reporting person will provide to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3 · balance_after: The remaining 13,639 shares held following the reported transaction are unvested.

SEC source: 0001104659-19-016856 · a4.xml · nonDerivative · entry 1

KAUFMAN IVAN · CIK 0000942473 · Director · COB, CEO and President · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 988,582

F1 · kind: Represents shares that have been reaquired by Arbor Realty Trust, Inc. to satisfy tax-withholding obligations in connection with the vesting of Mr. Kaufman's common stock.