Sec Form 4 Filing - KAUFMAN IVAN @ ARBOR REALTY TRUST INC - 2021-02-17

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person KAUFMAN IVAN 2. Issuer Name and Ticker or Trading Symbol ARBOR REALTY TRUST INC [ ABR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director X __ 10% Owner X __ Officer (give title below) _____ Other (specify below) COB, CEO and President (Last) (First) (Middle) C/O ARBOR REALTY TRUST, INC., 333 EARLE OVINGTON BLVD., STE. 900 3. Date of Earliest Transaction (MM/DD/YY) 02/17/2021 (Street) UNIONDALE, NY11553 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock, par value $0.01 per share 02/17/2021 M( 1 ) 448,980 A $ 0 1,402,043 D Common Stock, par value $0.01 per share 02/17/2021 F( 2 ) 219,897 D $ 15.63 1,182,146 D Common Stock, par value $0.01 per share 3,528,083 ( 3 ) I By Arbor Commercial Mortgage, LLC Common Stock, par value $0.01 per share 3,632 I By son, Maurice Kaufman Common Stock, par value $0.01 per share 1,632 I By son, Adam Kaufman

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Stock Units ( 4 ) 02/17/2021 M( 1 ) 448,980 02/17/2021 ( 5 ) Common Stock, par value $0.01 per share 448,980 $ 0 1,009,499 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other KAUFMAN IVAN C/O ARBOR REALTY TRUST, INC. 333 EARLE OVINGTON BLVD., STE. 900 UNIONDALE, NY11553 X X COB, CEO and President Signatures /s/ Ivan Kaufman 02/19/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )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. ( 2 )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. ( 3 )Mr. Kaufman disclaims beneficial ownership of these shares of common stock except to the extent of his pecuniary interest therein. ( 4 )Each Restricted Stock Unit represents the contingent right to receive one share of common stock upon vesting of the unit. ( 5 )Not applicable.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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