AMREP insider buys 1,300 shares in open market

AMREP CORP. insider activity shows net share purchases.

Rhea-AI Filing Summary

AMREP CORP. insider activity shows net share purchases. Ten percent owner James H. Dahl reported two open-market purchases of AMREP common shares on 2026-02-19 totaling 1,300 shares at weighted average prices of $26.1070 and $26.4860 per share.

After these trades, Dahl directly held 460,198 common shares. Separate holdings reported include 229,151 shares in IRA accounts and 94,120 shares held by Dahl Family Foundation, Inc., where neither Dahl nor his family has any pecuniary interest, plus 173,750 shares held by Rainey E. Lancaster, a group member with Dahl under Section 13(d).

Insider Trade Summary

Net Buyer: 1,300 shares

Net Buy 5 txns

Insider DAHL JAMES H, Lancaster Rainey E.

Role 10% Owner | 10% Owner

Bought 1,300 shs ($34K)

Type	Security	Shares	Price	Value
Purchase	Common Shares	416	$26.107	$11K
Purchase	Common Shares	884	$26.486	$23K
holding	Common Shares	--	--	--
holding	Common Shares	--	--	--
holding	Common Shares	--	--	--

Holdings After Transaction: Common Shares — 633,948 shares (Direct); Common Shares — 229,151 shares (Indirect, IRA Accounts); Common Shares — 94,120 shares (Indirect, Trust)

Footnotes (6)

1. F1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $25.19 to $26.18 per share.
2. F2. The shares are held by James H. Dahl.
3. F3. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $26.24 to $26.52 per share.
4. F4. The shares are held in two IRA accounts as follows: 204,151 shares held by the ROTH Conversion Account and 25,000 shares held by the IRA Account.
5. F5. The shares are held by Dahl Family Foundation, Inc. Neither James H. Dahl nor any member of his family have any pecuniary interest in shares held by Dahl Family Foundation, Inc.
6. F6. The shares are held by Rainey E. Lancaster who is a member of a group with James H. Dahl for purposes of Section 13(d) of the Exchange Act.

FAQ

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

What insider transactions did AMREP (AXR) report for James H. Dahl?

AMREP (AXR) reported that ten percent owner James H. Dahl made two open-market purchases totaling 1,300 common shares on February 19, 2026, at weighted average prices of $26.1070 and $26.4860 per share.

How many AMREP (AXR) shares does James H. Dahl hold directly after the Form 4?

Following the reported transactions, James H. Dahl directly held 460,198 AMREP common shares. This figure reflects his direct ownership after buying 1,300 shares in open-market purchases disclosed for February 19, 2026.

What indirect AMREP (AXR) holdings related to James H. Dahl are disclosed?

The filing shows 229,151 shares held in two IRA accounts and 94,120 shares held by Dahl Family Foundation, Inc.. The footnotes state that neither Dahl nor his family has any pecuniary interest in shares held by the foundation.

Who is Rainey E. Lancaster in relation to AMREP (AXR) and James H. Dahl?

Rainey E. Lancaster is listed as a ten percent owner and a member of a group with James H. Dahl for Section 13(d) purposes. The filing reports 173,750 AMREP common shares held by Rainey E. Lancaster.

Were there any AMREP (AXR) insider share sales in this Form 4 filing?

The Form 4 shows no insider sales. It reports two open-market purchases totaling 1,300 shares by ten percent owner James H. Dahl and several updated holdings entries with no indicated buy or sell direction.

What prices were paid for the AMREP (AXR) shares bought by James H. Dahl?

The filing lists weighted average purchase prices of $26.1070 and $26.4860 per share for the two AMREP common share transactions, with footnotes noting multiple trades in ranges from $25.19 to $26.52 on February 19, 2026.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/20/2026 - 04:23 PM EST 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^*

DAHL JAMES H

(Last) (First) (Middle)

4314 PABLO OAKS COURT

(Street)

JACKSONVILLE FL 32224

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

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

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

	Form filed by One Reporting Person
X	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. 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 Shares	02/19/2026		P		416	A	$26.107(1)	459,314	D(2)
Common Shares	02/19/2026		P		884	A	$26.486(3)	460,198	D(2)
Common Shares								229,151	I	IRA Accounts(4)
Common Shares								94,120	I	Trust(5)
Common Shares								173,750	D(6)

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

1. Name and Address of Reporting Person^*

DAHL JAMES H

(Last) (First) (Middle)

4314 PABLO OAKS COURT

(Street)

JACKSONVILLE FL 32224

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Lancaster Rainey E.

(Last) (First) (Middle)

C/O JAMES H. DAHL

4314 PABLO OAKS COURT

(Street)

JACKSONVILLE FL 32224

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

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 $25.19 to $26.18 per share.

2. The shares are held by James H. Dahl.

3. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $26.24 to $26.52 per share.

4. The shares are held in two IRA accounts as follows: 204,151 shares held by the ROTH Conversion Account and 25,000 shares held by the IRA Account.

5. The shares are held by Dahl Family Foundation, Inc. Neither James H. Dahl nor any member of his family have any pecuniary interest in shares held by Dahl Family Foundation, Inc.

6. The shares are held by Rainey E. Lancaster who is a member of a group with James H. Dahl for purposes of Section 13(d) of the Exchange Act.

	/s/ Ivan A. Colao, Attorney-in-Fact for James H. Dahl	02/20/2026
	/s/ Ivan A. Colao, Attorney-in-Fact for Rainey E. Lancaster	02/20/2026
	** 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.
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