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 OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

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                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
COB, CEO and President
(Last)          (First)          (Middle)

C/O ARBOR REALTY TRUST, INC., 33 EARLE OVINGTON BLVD., STE. 900
3. Date of Earliest Transaction (MM/DD/YYYY)

3/11/2022
(Street)

UNIONDALE, NY 1 1553
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units  (1)3/11/2022  A (1)  189873     (1) (1)Common Stock, par value $0.01 per share 189873 $0 817869 D  

Explanation of Responses:
(1) On March 11, 2022, Mr. Kaufman was granted 189,873 restricted stock units ("RSUs") of Arbor Realty Trust, Inc. (the "Company") from the Company's 2020 Amended Omnibus Stock Incentive Plan. The grant was made pursuant to the Second Amended and Restated Annual Incentive Agreement entered into between Mr. Kaufman and the Company in April 2021. The RSUs vest in full three years after the grant date. Mr. Kaufman has elected to defer receipt of the common stock into which the RSUs are converted until March 15, 2027, or sooner in the case of termination, pursuant to a pre-established deferral election.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
KAUFMAN IVAN
C/O ARBOR REALTY TRUST, INC.
33 EARLE OVINGTON BLVD., STE. 900
UNIONDALE, NY 1 1553
X
COB, CEO and President

Signatures
/s/ Ivan Kaufman3/15/2022
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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