Alpine Income Property (PINE) director sells 3,000 shares of stock

Rhea-AI Filing Summary

Alpine Income Property Trust director Andrew C. Richardson reported an open-market sale of 3,000 shares of common stock. The shares were sold on May 8, 2026 at a weighted-average price of $19.3454 per share in multiple trades. Following the sale, he directly holds 14,376 shares.

Insider Trade Summary

Net Seller: 3,000 shares ($58,036)

Net Sell 1 txn

Insider Richardson Andrew C

Role null

Sold 3,000 shs ($58K)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.01 per share	3,000	$19.3454	$58K

Holdings After Transaction: Common Stock, par value $0.01 per share — 14,376 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 3,000 shares Weighted-average sale price: $19.3454 per share Post-transaction holdings: 14,376 shares +1 more

4 metrics

Shares sold 3,000 shares Open-market sale on May 8, 2026

Weighted-average sale price $19.3454 per share Common Stock, par value $0.01 per share

Post-transaction holdings 14,376 shares Direct ownership after sale

Trade price range $19.27–$19.48 Range of individual sale prices in the transaction

Key Terms

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

4 terms

weighted-average price financial

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

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.

Common Stock, par value $0.01 per share financial

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

Form 4 regulatory

"Form 4 notes that the reported $19.3454 price is a weighted-average price."

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)
05/08/2026

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	05/08/2026		S		3,000	D	$19.3454(1)	14,376	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 $19.27 to $19.48, 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	05/11/2026
	** 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 transaction did Andrew C. Richardson report at Alpine Income Property Trust (PINE)?

Director Andrew C. Richardson reported selling 3,000 shares of Alpine Income Property Trust common stock. The transaction was an open-market sale on May 8, 2026, at a weighted-average price of $19.3454 per share, leaving him with 14,376 directly held shares afterward.

At what price did the PINE director sell his 3,000 shares?

The 3,000 PINE shares were sold at a weighted-average price of $19.3454 per share. According to the footnote, individual trades occurred in a price range from $19.27 to $19.48, and full details are available upon request from the company or the SEC.

How many Alpine Income Property Trust (PINE) shares does Andrew C. Richardson hold after this sale?

After the reported sale, Andrew C. Richardson directly holds 14,376 shares of Alpine Income Property Trust common stock. This post-transaction balance is disclosed in the Form 4 and reflects his remaining direct ownership following the 3,000-share open-market sale on May 8, 2026.

Was the PINE insider transaction an open-market sale or another type of trade?

The PINE insider transaction was an open-market sale of common stock. The Form 4 lists transaction code “S,” described as a sale in open market or private transaction, and classifies the event as a non-derivative transaction involving common stock, par value $0.01 per share.

Does the Form 4 for Alpine Income Property Trust mention a weighted-average price for the insider sale?

Yes. The Form 4 notes that the reported $19.3454 price is a weighted-average price. The shares were sold in multiple transactions between $19.27 and $19.48, and the reporting person offers to provide full price-by-price details to the issuer, shareholders, or SEC staff upon request.