IOR insider buys; 3,436,093 shares owned after open‑market trades

Income Opportunity Realty Investors (IOR) reported insider open‑market purchases by a 10% owner.

Accepted by SEC EDGAR 10/27/2025 - 12:58 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Income Opportunity Realty Investors (IOR) reported insider open‑market purchases by a 10% owner. On 08/28/2025, 09/09/2025, 09/10/2025, 09/12/2025, and 09/15/2025, the reporting person bought small blocks of Common Stock, $0.01 par at $17.90 and $17.75 per share (Form 4 code P). Individual trades included 1, 2, 262, 52, and 262 shares, respectively. Following these transactions, the filer reported 3,436,093 shares beneficially owned, held directly.

Insider Trade Summary

Net Buyer: 579 shares

Net Buy 5 txns

Insider TRANSCONTINENTAL REALTY INVESTORS INC

Role 10% Owner

Bought 579 shs ($10K)

Increase in Position 0.02%

Type	Security	Shares	Price	Value
Purchase	Common Stock, par value $0.01 per share	262	$17.75	$5K
Purchase	Common Stock, par value $0.01 per share	52	$17.75	$923.00
Purchase	Common Stock, par value $0.01 per share	262	$17.90	$5K
Purchase	Common Stock, par value $0.01 per share	2	$17.90	$35.80
Purchase	Common Stock, par value $0.01 per share	1	$17.90	$17.90

Holdings After Transaction: Common Stock, par value $0.01 per share — 3,436,093 shares (Direct)

Holdings Before and After: Common Stock, par value $0.01 per share, 3,435,514 to 3,436,093 shares (Direct)

FAQ

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What did IOR disclose on this Form 4?

A 10% owner reported open‑market purchases of Common Stock at $17.90 and $17.75 per share across several dates.

How many shares were purchased and when?

Trades were 1 (08/28/2025), 2 (09/09/2025), 262 (09/10/2025), 52 (09/12/2025), and 262 (09/15/2025).

What is the reporting person’s stake after the trades?

Beneficial ownership reported was 3,436,093 shares, held directly, following the listed transactions.

What transaction code was used?

Code P for open‑market or private purchases of non‑derivative securities.

Were any derivative securities involved?

No. Table II shows no derivative transactions reported.

What security class was traded?

Common Stock, par value $0.01 per share of Income Opportunity Realty Investors, Inc. (IOR).

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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)
08/28/2025

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	08/28/2025		P		1	A	$17.9	3,435,515	D
Common Stock, par value $0.01 per share	09/09/2025		P		2	A	$17.9	3,435,517	D
Common Stock, par value $0.01 per share	09/10/2025		P		262	A	$17.9	3,435,779	D
Common Stock, par value $0.01 per share	09/12/2025		P		52	A	$17.75	3,435,831	D
Common Stock, par value $0.01 per share	09/15/2025		P		262	A	$17.75	3,436,093	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:

Remarks:

	Transcontinental Realty Investors, Inc. by Erik L. Johnson, President and Chief Executive Officer	10/26/2025
	** 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.