[Form 4] ONE LIBERTY PROPERTIES INC Insider Trading Activity

Rhea-AI Filing Summary

Isaac Kalish, Senior Vice President and Chief Financial Officer of One Liberty Properties, filed a Form 4 reporting changes in his beneficial ownership of the issuer's common stock. The filing lists existing direct and indirect holdings, including 90,245.871 shares held directly (including dividend reinvestment plan shares) and several indirect holdings through trusts and plans totaling approximately 178,640 shares across Gould Investors L.P. pension trust, REIT Management Corp. plans, and BRT Apartments Corp. pension trust. The filing documents gift transactions on 10/09/2024 transferring 4,513.15 shares (reported as both an acquisition and a disposition between family members) at no cash price, and a further gift scheduled on 09/04/2025 for 4,513.15 shares. The report discloses custodial holdings for minors and includes disclaimers that the reporting person disclaims beneficial interest in shares held by his children.

Insights

Securities Analyst

TL;DR: Insider disclosed intra-family gifts and custodial transfers, with substantial indirect holdings via pension and trust accounts.

The Form 4 shows the CFO holds a material position both directly and indirectly through multiple trust and retirement vehicles. The reported 4,513.15-share transfers on 10/09/2024 were recorded at $0, indicating gifts between family members rather than market sales; a matching disposition is scheduled on 09/04/2025. Inclusion of shares acquired via the dividend reinvestment plan is explicitly noted. For investors, these are non-sale transfers that change beneficial ownership lines but do not generate proceeds and therefore do not signal liquidity events.

Corporate Governance Expert

TL;DR: Filing documents proper Section 16 reporting for gifts and custodial arrangements, with appropriate disclaimers of beneficial interest.

The report identifies the reporting person as an officer and trustee for multiple plans and includes explicit disclaimers where ownership is custodial or by family members. The mixture of direct, indirect, and custodial holdings is clearly stated and the zero-price entries for interfamily gifts are consistent with non-compensatory transfers. From a governance perspective, the filing appears to satisfy Form 4 disclosure requirements by itemizing each class of ownership and noting the nature of indirect holdings.

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

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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).

1. Name and Address of Reporting Person^*

Kalish Isaac

(Last) (First) (Middle)

60 CUTTER MILL ROAD

SUITE 303

(Street)

GREAT NECK NY 11021

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ONE LIBERTY PROPERTIES INC [ OLP ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr Vice President and CFO

3. Date of Earliest Transaction (Month/Day/Year)
10/09/2024

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								90,245.871(1)	D
Common Stock								19,438(2)	I	By Gould Investors L.P. pension trust
Common Stock								155,033(3)	I	By REIT Mgt. Corp. pension and profit sharing trusts
Common Stock								4,169(4)	I	By BRT Apartments Corp. Pension Trust
Common Stock	10/09/2024		G		4,513.15(7)	A	$0	7,070.41(1)(5)	I	As custodian for child pursuant to UGMA
Common Stock	10/09/2024		G		4,513.15(7)	D	$0	4,668.415(1)(6)	I	By daughter
Common Stock	09/04/2025		G		4,513.15(7)	D	$0	2,641.813(1)(5)	I	As custodian for child pursuant to UGMA

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. Includes shares acquired through issuer's dividend reinvestment plan.

2. Reporting person is a trustee of Gould Investors L.P. Pension Trust.

3. Reporting person is a trustee of each of the REIT Management Corp. Pension Plan and the REIT Management Corp. 401(k) Tax Deferred Savings Plan Profit Sharing Trust, which in the aggregate own the number of shares shown.

4. Reporting person is a trustee of BRT Apartments Corp. Pension Trust, which owns these shares.

5. Reporting person is custodian of these shares for a minor. Reporting person disclaims any beneficial interest in these shares.

6. These shares are owned by a child of reporting person who resides with the reporting person. Reporting person disclaims any beneficial interest in these shares.

7. These transactions represent the gift and the receipt of the gift by and between the children of the reporting person.

Remarks:

	/s/ Isaac Kalish	09/25/2025
	** 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 changes did Isaac Kalish report on the Form 4 for OLP?

The Form 4 reports gift transactions on 10/09/2024 transferring 4,513.15 shares at $0 and a scheduled gift on 09/04/2025 for 4,513.15 shares, plus existing direct and indirect holdings.

How many shares does the filing show Isaac Kalish directly owns?

The filing lists 90,245.871 shares held directly, which includes shares acquired through the issuer's dividend reinvestment plan.

Are there indirect holdings disclosed by the reporting person in this Form 4?

Yes. The filing discloses indirect holdings including 19,438 shares via Gould Investors L.P. pension trust, 155,033 shares via REIT Management Corp. pension and profit sharing trusts, and 4,169 shares via BRT Apartments Corp. Pension Trust.

Were any sales or purchases for cash reported in the Form 4?

No. The reported transactions on 10/09/2024 are recorded at $0, indicating gifts rather than cash sales or purchases.

Does the reporting person claim beneficial interest in shares held by family or minors?

The filing includes disclaimers stating the reporting person disclaims any beneficial interest in shares owned by his children and those held in custodial accounts.