AMREP Corp. (AXR) grants CFO Adrienne Uleau 2,250 restricted shares

Rhea-AI Filing Summary

Uleau Adrienne reported acquisition or exercise transactions in this Form 4 filing.

AMREP CORP. CFO and VP Adrienne Uleau received a grant of 2,250 shares of restricted common stock under the AMREP Corporation 2016 Equity Compensation Plan. The award vests in three equal tranches of 750 shares on July 13, 2027, 2028 and 2029, subject to her continued employment. Following the grant, she directly holds 10,574 shares of AMREP common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Uleau Adrienne

Role CFO and VP

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,250	$0.00	--

Holdings After Transaction: Common Stock — 10,574 shares (Direct)

Footnotes (1)

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Key Figures

Restricted stock granted: 2,250 shares Grant price: $0.0000 per share Shares held after grant: 10,574 shares +2 more

5 metrics

Restricted stock granted 2,250 shares Grant of restricted common stock to CFO and VP Adrienne Uleau

Grant price $0.0000 per share Reported transaction price per share for the restricted stock award

Shares held after grant 10,574 shares Total AMREP common shares held directly by Adrienne Uleau following the award

Vesting tranche size 750 shares Each of three vesting installments scheduled in 2027, 2028 and 2029

First vesting date July 13, 2027 Initial 750-share tranche of restricted stock vests on this date

Key Terms

restricted stock, Equity Compensation Plan, vest

3 terms

restricted stock financial

"Grant of restricted stock under the AMREP Corporation 2016 Equity Compensation Plan."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Equity Compensation Plan financial

"Grant of restricted stock under the AMREP Corporation 2016 Equity Compensation Plan."

A plan by which a company gives employees, directors or contractors ownership or the right to buy ownership in the company through stock, options or similar awards — think of promising slices of the company pie as part of someone's pay. It matters to investors because these awards can change the number of shares outstanding, affect reported profits and influence management’s decisions; large or generous plans can dilute existing holders and alter incentives over time.

vest financial

"The restricted stock will vest as follows: 750 shares on July 13, 2027..."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/14/2026 - 04:47 PM Accepted by SEC EDGAR 07/14/2026 - 04:45 PM Learn about SEC filing dates

FAQ

What stock award did AMREP (AXR) grant to CFO Adrienne Uleau?

AMREP granted CFO and VP Adrienne Uleau 2,250 shares of restricted common stock. The award was issued under the AMREP Corporation 2016 Equity Compensation Plan and represents a non-cash equity grant as part of her overall compensation package.

What is the vesting schedule for Adrienne Uleau’s restricted stock at AMREP (AXR)?

The 2,250 restricted shares vest in three equal tranches of 750 shares each. Vesting dates are July 13, 2027, July 13, 2028 and July 13, 2029, and each tranche is conditioned on Ms. Uleau’s continued employment on that date.

At what price were the AMREP (AXR) restricted shares granted to Adrienne Uleau?

The restricted stock grant to Adrienne Uleau was reported at a transaction price of $0.0000 per share. This reflects a compensation award rather than an open-market purchase, aligning with standard practice for equity-based executive compensation grants.

How many AMREP (AXR) shares does Adrienne Uleau hold after this grant?

After the restricted stock grant, Adrienne Uleau directly holds 10,574 shares of AMREP common stock. This figure includes the newly awarded restricted shares, which will become fully vested over time if the specified employment conditions are satisfied.

Under which plan was Adrienne Uleau’s AMREP (AXR) restricted stock granted?

The award was made under the AMREP Corporation 2016 Equity Compensation Plan. This plan provides for equity-based compensation such as restricted stock, aligning executive interests with shareholders through stock ownership subject to vesting requirements.

Is Adrienne Uleau’s AMREP (AXR) stock award contingent on continued employment?

Yes. Each 750-share tranche of the restricted stock will vest only if Ms. Uleau remains employed by AMREP Corporation on the respective vesting dates in 2027, 2028 and 2029, tying the compensation to ongoing service.

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^*

Uleau Adrienne

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/13/2026

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(1)	07/13/2026		A		2,250	A	$0	10,574	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. Grant of restricted stock under the AMREP Corporation 2016 Equity Compensation Plan. The restricted stock will vest as follows: 750 shares on July 13, 2027, 750 shares on July 13, 2028 and 750 shares on July 13, 2029, subject to the continued employment of Ms. Uleau by AMREP Corporation on each vesting date.

	/s/ Adrienne M. Uleau	07/14/2026
	** 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)