AMREP director buys 1,765 shares in open market

AMREP CORP. director Timothy S. McNaney reported an open-market purchase of 1,765 shares of Common Stock.

Rhea-AI Filing Summary

AMREP CORP. director Timothy S. McNaney reported an open-market purchase of 1,765 shares of Common Stock. The shares were bought on April 21, 2026 at a weighted average price of $28.17 per share, in multiple trades ranging from $27.97 to $28.20 per share.

Following this transaction, McNaney’s Individual Retirement Account holds 1,765 indirectly owned shares of AMREP CORP. common stock as reported in this filing.

Insider Trade Summary

Net Buyer: 1,765 shares

Net Buy 1 txn

Insider McNaney Timothy S

Role Director

Bought 1,765 shs ($50K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	1,765	$28.17	$50K

Holdings After Transaction: Common Stock — 1,765 shares (Indirect, IRA Account)

Footnotes (2)

1. F1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $27.97 to $28.20 per share. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
2. F2. The reported securities are held directly by the Reporting Person's Individual Retirement Account.

Key Figures

Shares purchased: 1,765 shares Weighted average price: $28.17 per share Price range of trades: $27.97–$28.20 per share +1 more

4 metrics

Shares purchased 1,765 shares Open-market purchase on April 21, 2026

Weighted average price $28.17 per share Common Stock purchase on April 21, 2026

Price range of trades $27.97–$28.20 per share Multiple transactions included in the reported purchase

Shares held after transaction 1,765 shares Indirectly owned via Individual Retirement Account

Key Terms

open-market purchase, weighted average price, Individual Retirement Account

3 terms

open-market purchase financial

"The transaction is described as an open-market purchase of Common Stock."

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Individual Retirement Account financial

"The reported securities are held directly by the Reporting Person's Individual Retirement Account."

A tax-advantaged retirement account owned by an individual that holds investments such as stocks, bonds, mutual funds or cash and is governed by rules about how much can be contributed and when money can be withdrawn. It matters to investors because the account’s specific tax rules and withdrawal limits affect how savings grow and when taxes are paid; think of it as a labeled box for retirement money that comes with special tax treatment and rules about when you can open it.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did AMREP CORP. (AXR) report for Timothy S. McNaney?

AMREP CORP. reported that director Timothy S. McNaney made an open-market purchase of 1,765 shares of Common Stock. The transaction occurred on April 21, 2026 and is reported as an indirect holding through his Individual Retirement Account.

How many AMREP CORP. (AXR) shares did Timothy S. McNaney buy and at what price?

Timothy S. McNaney bought 1,765 AMREP CORP. Common Stock shares at a weighted average price of $28.17. The filing notes the individual trades were executed between $27.97 and $28.20 per share across multiple transactions that day.

How are Timothy S. McNaney’s AMREP CORP. (AXR) shares held after this Form 4?

After the reported transaction, 1,765 AMREP CORP. shares are held indirectly through Timothy S. McNaney’s Individual Retirement Account. The filing specifies this IRA ownership in the nature of ownership field and associated footnote describing the account.

Was the AMREP CORP. (AXR) Form 4 transaction a purchase or a sale?

The Form 4 discloses a purchase transaction. It is coded as an open-market purchase of Common Stock, with the transaction direction identified as a buy, and no sales, gifts, or derivative exercises reported in this particular filing.

What does the weighted average price mean in the AMREP CORP. (AXR) Form 4?

The weighted average price of $28.17 reflects multiple trades executed between $27.97 and $28.20 per share. The filing explains that shares were purchased in several transactions and offers to provide exact share counts at each specific price upon request.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/22/2026 - 04:30 PM EDT Learn about SEC filing dates

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^*

McNaney Timothy S

(Last) (First) (Middle)

C/O AMREP CORPORATION

850 WEST CHESTER PIKE, SUITE 205

(Street)

HAVERTOWN PENNSYLVANIA 19083

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AMREP CORP. [ AXR ]

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)
04/21/2026

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	04/21/2026		P		1,765	A	$28.17(1)	1,765	I	IRA Account(2)

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 in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $27.97 to $28.20 per share. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

2. The reported securities are held directly by the Reporting Person's Individual Retirement Account.

	/s/ Christopher V. Vitale, as attorney-in-fact for Timothy S. McNaney	04/22/2026
	** 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)