FRPH director reports purchase of 334 shares at $23.50

Rhea-AI Filing Summary

FRP Holdings, Inc. (FRPH) director John D. Baker II reported an open‑market purchase of 334 shares of common stock at $23.50 per share on 11/10/2025 (Transaction Code P).

After the transaction, reported beneficial holdings include 191,850 shares held indirectly in a living trust and 20,556 shares held directly. Additional indirect holdings are shown as 2,571,775 shares (see footnote 1), 20,050 shares held in an IRA, 339,686 shares held in a GRAT, and 7,578 shares held in his wife's living trust. The filing states he disclaims beneficial ownership of certain indirect holdings except to the extent of his pecuniary interest.

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^*

BAKER JOHN D II

(Last) (First) (Middle)

200 W. FORSYTH STREET

7TH FLOOR

(Street)

JACKSONVILLE FL 32202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FRP HOLDINGS, INC. [ FRPH ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
11/10/2025

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	11/10/2025		P		334	A	$23.5	191,850	I	Held in Living Trust
Common Stock								20,556	D
Common Stock								2,571,775	I	See footnote(1)
Common Stock								20,050	I	Held in IRA
Common Stock								339,686	I	Held in GRAT
Common Stock								7,578	I	Held in Wife's Living Trust(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. Shares are held by the Trust FBO John D. Baker II U/A Cynthia L. Baker Trust dated 4/30/1965, for which the Reporting Person serves as co-trustee, and of which the Reporting Person is the sole income beneficiary. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.

2. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.

	Kelly D. Waters, as Attorney-in-Fact for John D. Baker II	11/12/2025
	** 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 did FRPH director John D. Baker II report on Form 4?

He purchased 334 shares of FRP Holdings common stock at $23.50 on 11/10/2025 (Code P).

What is the transaction code and price for the FRPH trade?

The transaction code is P (open‑market purchase) at $23.50 per share.

How many FRPH shares does the reporting person hold directly?

The filing lists 20,556 shares as directly owned.

What indirect FRPH holdings were reported?

Indirect positions include 191,850 shares in a living trust, 2,571,775 shares (see footnote 1), 20,050 in an IRA, 339,686 in a GRAT, and 7,578 in his wife's living trust.

Does the reporting person claim full beneficial ownership of all indirect shares?

No. He disclaims beneficial ownership of certain indirect shares except to the extent of his pecuniary interest, as noted in the footnotes.

What is the relationship of the reporting person to FRP Holdings (FRPH)?

He is a Director of FRP Holdings, Inc.