CTO Insider Buy: 750 Shares Added by Chief Accounting Officer

Rhea-AI Filing Summary

CTO Realty Growth insider Lisa M. Vorakoun, SVP & Chief Accounting Officer, acquired 750 shares of CTO common stock on 09/12/2025 at a price of $16.595 per share. After the transaction, Ms. Vorakoun beneficially owns 46,759 shares, which includes 15,798 restricted shares that vest over time. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person. No derivatives or dispositions are reported.

Positive

• Insider purchase reported: SVP & Chief Accounting Officer acquired 750 shares at $16.595 on 09/12/2025.
• Disclosure of restricted stock: Filing clarifies that 15,798 restricted shares are included in beneficial ownership and vest over time.

Negative

• None.

Insights

Financial Analyst

TL;DR: A routine insider buy of 750 shares by the company's chief accounting officer; size appears modest relative to total outstanding shares.

The purchase of 750 shares at $16.595 is an outright acquisition increasing the officer's direct stake to 46,759 shares, including restricted stock. This is a straightforward non-derivative purchase reported on Form 4 and signals a personal investment by a senior officer. The transaction size is small and, absent other material disclosures, is unlikely to move valuation metrics materially.

Corporate Governance Expert

TL;DR: Governance filing is complete and timely; transaction follows standard reporting and includes disclosure of restricted shares.

The Form 4 discloses the reporting person's role as SVP & Chief Accounting Officer and specifies the inclusion of 15,798 restricted shares in total beneficial ownership. The filing is signed by an attorney-in-fact and documents the required details for insider reporting. There are no indications of atypical reporting practices or complex compensation arrangements in this filing.

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
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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^*

Vorakoun Lisa

(Last) (First) (Middle)

1140 N. WILLIAMSON BLVD.

SUITE 140

(Street)

DAYTONA BEACH FL 32114

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CTO Realty Growth, Inc. [ CTO ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & CHIEF ACCOUNTING OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025

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

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

X	Form filed by One Reporting Person
	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 Stock	09/12/2025		P		750	A	$16.595	46,759(1)	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. This amount includes 15,798 shares of restricted common stock which vest over time, which were previously reported.

	/s/ Daniel E. Smith, attorney-in-fact for Lisa M. Vorakoun	09/12/2025
	** 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.

FAQ

What insider transaction did CTO (CTO) report on 09/12/2025?

The company's SVP & Chief Accounting Officer purchased 750 shares of common stock at $16.595 per share on 09/12/2025.

How many shares does Lisa M. Vorakoun beneficially own after the reported transaction?

She beneficially owns 46,759 shares following the transaction, which includes 15,798 restricted shares.

Does the Form 4 show any option exercises or derivative transactions for CTO?

No. The Form 4 reports a non-derivative purchase of common stock and does not list any derivative transactions.

Who signed the Form 4 for the reporting person?

The Form 4 was signed by Daniel E. Smith, attorney-in-fact for Lisa M. Vorakoun on 09/12/2025.

Are the restricted shares disclosed in the Form 4 immediately vested?

No. The filing states that 15,798 restricted shares vest over time; it does not indicate immediate vesting.