Income Opportunity Realty Investors (IOR) director and 10% owner buys more shares

Rhea-AI Filing Summary

Income Opportunity Realty Investors Inc. reported insider share purchases by a major holder. On 12/10/2025, the reporting person bought 320 shares of common stock at $17.85 per share in an open market purchase, bringing its beneficial ownership to 3,438,229 shares held directly. On 12/19/2025, it purchased an additional 358 shares at $17.55 per share, increasing its direct holdings to 3,438,587 shares.

The reporting person is identified as a director and 10% owner of Income Opportunity Realty Investors Inc., and the filing notes these transactions were open market purchases.

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^*

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)
12/10/2025

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, par value $0.01 per share	12/10/2025		P(1)		320(1)	A	$17.85	3,438,229	D
Common Stock, par value $0.01 per share	12/19/2025		P(1)		358(1)	A	$17.55	3,438,587	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.	01/06/2026
	By: Erik L. Johnson, President and Chief Executive Officer	01/06/2026
	** 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.

FAQ

What insider transactions were reported for IOR in this Form 4?

The Form 4 reports that a director and 10% owner of Income Opportunity Realty Investors Inc. (IOR) made two open market purchases of common stock: 320 shares at $17.85 on 12/10/2025 and 358 shares at $17.55 on 12/19/2025.

How many IOR shares does the reporting person own after these transactions?

After the reported purchases, the reporting person beneficially owns 3,438,587 shares of Income Opportunity Realty Investors Inc. common stock, held directly.

At what prices did the insider buy IOR shares?

The insider bought 320 shares at a price of $17.85 per share on 12/10/2025 and 358 shares at $17.55 per share on 12/19/2025.

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

The reporting person is identified as both a director and a 10% owner of Income Opportunity Realty Investors Inc.

What type of security did the insider acquire in IOR?

The insider acquired common stock of Income Opportunity Realty Investors Inc., with a par value of $0.01 per share, through open market purchases.

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

The Form 4 includes a section for derivative securities, but no derivative transactions or holdings are listed in the provided content.

How were the IOR insider transactions classified in the Form 4?

Both transactions in Income Opportunity Realty Investors Inc. common stock were coded as P and described in the explanation of responses as an open market purchase.