Alpine Income (NYSE: PINE) director sells 2,000 shares in May

Rhea-AI Filing Summary

Alpine Income Property Trust, Inc. director Andrew C. Richardson reported open-market sales of company common stock. He sold 500 shares on May 22, 2026 at $18.87 per share and 1,500 shares on May 26, 2026 at a weighted-average price of $19.3859 per share.

The 1,500-share sale was executed in multiple trades at prices ranging from $19.315 to $19.41. Following these transactions, Richardson directly holds 12,376 shares of Alpine Income Property Trust common stock.

Insider Trade Summary

Net Seller: 2,000 shares ($38,514)

Net Sell 2 txns

Insider Richardson Andrew C

Role null

Sold 2,000 shs ($39K)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.01 per share	1,500	$19.3859	$29K
Sale	Common Stock, par value $0.01 per share	500	$18.87	$9K

Holdings After Transaction: Common Stock, par value $0.01 per share — 12,376 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold on May 22, 2026: 500 shares Price on May 22, 2026: $18.87/share Shares sold on May 26, 2026: 1,500 shares +3 more

6 metrics

Shares sold on May 22, 2026 500 shares Open-market sale at $18.87 per share

Price on May 22, 2026 $18.87/share Non-derivative common stock sale

Shares sold on May 26, 2026 1,500 shares Open-market sale at weighted-average price

Weighted-average price May 26, 2026 $19.3859/share Multiple trades between $19.315 and $19.41

Total shares sold 2,000 shares Sum of May 22 and May 26 sales

Shares owned after transactions 12,376 shares Director’s direct holdings following May 26, 2026 sale

Key Terms

open-market sale, weighted-average price, Common Stock, par value $0.01 per share, Form 4

4 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted-average price financial

"The price reported is a weighted-average price."

Common Stock, par value $0.01 per share financial

"security_title": "Common Stock, par value $0.01 per share""

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Richardson Andrew C

(Last) (First) (Middle)

1140 N. WILLIAMSON BLVD., SUITE 140

(Street)

DAYTONA BEACH FLORIDA 32114

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Alpine Income Property Trust, Inc. [ PINE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	05/22/2026		S		500	D	$18.87	13,876	D
Common Stock, par value $0.01 per share	05/26/2026		S		1,500	D	$19.3859(1)	12,376	D

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. 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: 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

Explanation of Responses:

1. The price reported is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $19.315 to $19.41, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or 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 above.

	/s/ Daniel E. Smith, attorney-in-fact for Andrew C. Richardson	05/27/2026
	** Signature of Reporting Person	Date
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 Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did PINE director Andrew C. Richardson report?

Director Andrew C. Richardson reported two open-market sales totaling 2,000 PINE common shares. He sold 500 shares on May 22, 2026 and 1,500 shares on May 26, 2026, according to the Form 4 insider filing.

At what prices did Andrew C. Richardson sell PINE stock in May 2026?

Richardson sold 500 PINE shares at $18.87 per share on May 22, 2026. He then sold 1,500 shares at a $19.3859 weighted-average price on May 26, 2026, with trades ranging from $19.315 to $19.41.

How many Alpine Income Property Trust (PINE) shares does Richardson still own?

After the reported transactions, Andrew C. Richardson directly owns 12,376 shares of Alpine Income Property Trust common stock. This post-transaction holding is disclosed in the Form 4 as the total shares following the May 26, 2026 sale.

Were Andrew C. Richardson’s PINE stock sales open-market transactions?

Yes. Both transactions are coded as “S” open-market sales of non-derivative common stock. The filing describes them as sales in the open market or private transactions, with specified per-share prices for each sale date.

Does the PINE Form 4 mention a weighted-average sale price?

Yes. The May 26, 2026 sale of 1,500 PINE shares used a weighted-average price of $19.3859. A footnote explains these shares were sold in multiple trades between $19.315 and $19.41, and detailed price breakdowns are available upon request.