STOCK TITAN

Insider James H. Dahl adds 8,000 AMREP (NYSE: AXR) shares

Filing Impact
(Moderate)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

AMREP CORP. major shareholder James H. Dahl reported open-market purchases of a total of 8,000 common shares of AXR. He bought 5,000 shares on April 29, 2026 at a weighted average price of $27.7413 and 3,000 shares on May 1, 2026 at $27.85 per share, with each trade executed across multiple prices within disclosed ranges. Following these purchases, Dahl directly holds 486,977 common shares. The filing also lists 229,151 shares held in two IRA accounts, 94,120 shares held by Dahl Family Foundation, Inc., in which Dahl and his family have no pecuniary interest, and 173,750 shares held by Rainey E. Lancaster, who is reported as part of a group with Dahl for Section 13(d) purposes.

Positive

  • None.

Negative

  • None.
Insider DAHL JAMES H, Lancaster Rainey E.
Role null | null
Bought 8,000 shs ($222K)
Type Security Shares Price Value
Purchase Common Shares 3,000 $27.85 $84K
Purchase Common Shares 5,000 $27.7413 $139K
holding Common Shares -- -- --
holding Common Shares -- -- --
holding Common Shares -- -- --
Holdings After Transaction: Common Shares — 486,977 shares (Direct, null); Common Shares — 229,151 shares (Indirect, IRA Accounts)
Footnotes (1)
  1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $27.505 to $27.90 per share. The shares are held by James H. Dahl. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $27.36 and $27.90 per share. 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. 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. 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.
Shares purchased on April 29, 2026 5,000 shares Open-market purchase at $27.7413 weighted average
Shares purchased on May 1, 2026 3,000 shares Open-market purchase at $27.85 per share
Direct holdings after May 1, 2026 486,977 shares Common shares held directly by James H. Dahl
IRA account holdings 229,151 shares Common shares held in two IRA accounts
Foundation holdings 94,120 shares Held by Dahl Family Foundation, Inc.; no pecuniary interest for Dahl or family
Group member holdings 173,750 shares Shares held by Rainey E. Lancaster, group with Dahl under Section 13(d)
open-market purchase financial
"transaction_action is described as an open-market purchase of common shares"
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.
IRA Accounts financial
"The shares are held in two IRA accounts as follows: 204,151 shares..."
pecuniary interest financial
"Neither James H. Dahl nor any member of his family have any pecuniary interest in shares..."
Section 13(d) regulatory
"Rainey E. Lancaster who is a member of a group with James H. Dahl for purposes of Section 13(d)..."
ten percent owner regulatory
"reporting persons are indicated as a ten percent owner of the issuer"
SEC Form 4
FORM 4UNITED 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 FLORIDA 32224

(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)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/29/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm 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)
CodeVAmount(A) or (D)Price
Common Shares04/29/2026P5,000A$27.7413(1)483,977D(2)
Common Shares05/01/2026P3,000A$27.85(3)486,977D(2)
Common Shares229,151IIRA Accounts(4)
Common Shares94,120ITrust(5)
Common Shares173,750D(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*
DAHL JAMES H

(Last)(First)(Middle)
4314 PABLO OAKS COURT

(Street)
JACKSONVILLE FLORIDA 32224

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Lancaster Rainey E.

(Last)(First)(Middle)
4314 PABLO OAKS COURT

(Street)
JACKSONVILLE FLORIDA 32224

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% 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 $27.505 to $27.90 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 $27.36 and $27.90 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. Dahl05/01/2026
/s/ Ivan A. Colao, Attorney-in-Fact for Rainey E. Lancaster05/01/2026
** Signature of Reporting PersonDate
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 were reported for AMREP CORP. (AXR) on this Form 4?

The Form 4 reports that major shareholder James H. Dahl made two open-market purchases totaling 8,000 AXR common shares, with trades on April 29, 2026 and May 1, 2026 at weighted average prices around $27.7–$27.9.

How many AMREP (AXR) shares did James H. Dahl buy and at what prices?

James H. Dahl bought 5,000 AXR shares on April 29, 2026 at a weighted average of $27.7413, and 3,000 shares on May 1, 2026 at $27.85. Both trades were executed in multiple transactions within specified price ranges.

What are James H. Dahl’s direct AMREP (AXR) holdings after these transactions?

After the reported purchases, James H. Dahl directly holds 486,977 AMREP common shares. This figure reflects his position immediately following the May 1, 2026 open-market purchase of 3,000 shares disclosed in the Form 4 filing.

Who is Rainey E. Lancaster in relation to AMREP (AXR) and this Form 4?

The Form 4 identifies Rainey E. Lancaster as a reporting person and a ten percent owner. A footnote explains Lancaster holds 173,750 AXR shares and is a member of a group with James H. Dahl for Section 13(d) purposes.

Were the AMREP (AXR) insider purchases executed in single or multiple trades?

Footnotes state the prices reported are weighted averages. The 5,000-share and 3,000-share purchases were each completed through multiple transactions at prices ranging from about $27.36–$27.90 per share on the respective trade dates.