Income Opportunity Realty (IOR) major holder reports October open market share buys

Rhea-AI Filing Summary

Transcontinental Realty Investors, Inc., a more than 10% owner of Income Opportunity Realty Investors Inc. (IOR), reported a series of open market purchases of IOR common stock. On multiple dates in October 2025, it bought small blocks of shares at prices between $17.75 and $17.80 per share, including 11 shares on October 2, 150 shares on October 7, 2 shares on October 22, 173 shares on October 28, 3 shares on October 29, and 41 shares on October 31. Following these transactions, Transcontinental Realty Investors, Inc. beneficially owned 3,435,473 IOR common shares, held directly.

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

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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^*

TRANSCONTINENTAL REALTY INVESTORS INC

(Last) (First) (Middle)

1603 LBJ FREEWAY

SUITE 800

(Street)

DALLAS TX 75234

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ [ IOR ]

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)
10/02/2025

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, par value $0.01 per share	10/02/2025		P(1)		11	A	$17.75	3,436,104	D
Common Stock, par value $0.01 per share	10/07/2025		P(1)		150	A	$17.75	3,436,254	D
Common Stock, par value $0.01 per share	10/22/2025		P(1)		2	A	$17.8	3,436,256	D
Common Stock, par value $0.01 per share	10/28/2025		P(1)		173	A	$17.8	3,436,429	D
Common Stock, par value $0.01 per share	10/29/2025		P(1)		3	A	$17.8	3,436,432	D
Common Stock, par value $0.01 per share	10/31/2025		P(1)		41	A	$17.8	3,435,473	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. Open Market Purchase

	Transcontinental Realty Investors, Inc.	11/04/2025
	By: Erik L. Johnson, President and Chief Executive Officer	11/04/2025
	** 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).
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FAQ

What did Transcontinental Realty Investors report in this Form 4 for IOR?

Transcontinental Realty Investors, Inc. reported open market purchases of Income Opportunity Realty Investors Inc. (IOR) common stock in October 2025, increasing its directly held position.

How many IOR shares did Transcontinental Realty Investors buy in October 2025?

It purchased multiple small lots of IOR common stock, including 11, 150, 2, 173, 3, and 41 shares on separate days, at prices around $17.75–$17.80 per share.

What is Transcontinental Realty Investors total beneficial ownership in IOR after these trades?

After the reported transactions, Transcontinental Realty Investors, Inc. beneficially owned 3,435,473 shares of IOR common stock, held directly.

At what prices were the IOR shares purchased by Transcontinental Realty Investors?

The IOR common shares were purchased in the open market at prices of $17.75 and $17.80 per share on different October 2025 trade dates.

What is the relationship of the reporting person to Income Opportunity Realty Investors Inc. (IOR)?

The reporting person is identified as a more than 10% owner of Income Opportunity Realty Investors Inc.

Were any derivative securities reported in this Form 4 for IOR?

No derivative securities positions were reported; the Form 4 table for derivative securities shows no transactions or holdings.