Alpine Income (PINE) Insider Plans Sale of 1,000 Shares via Fidelity
Rhea-AI Filing Summary
Alpine Income Property Trust, Inc. (PINE) filed a Form 144 reporting a proposed sale of 1,000 shares of common stock acquired as compensation on 10/23/2023. The filer lists Fidelity Brokerage Services LLC in Boston as the broker and estimates an aggregate market value of $15,150 for the shares. The filing states 14,158,190 shares outstanding and an approximate sale date of 08/26/2025 on the NYSE. The notice reports no securities sold in the past three months by the seller and includes the signer’s representation that they are unaware of any undisclosed material adverse information.
Positive
- Full disclosure of transaction details: acquisition date, nature (compensation), broker, quantity, and estimated market value are all provided
- No sales in the past three months reported by the seller, indicating this is an isolated planned sale
Negative
- None.
Insights
TL;DR: Small, routine insider sale notice; unlikely to be material to shareholders.
The Form 144 documents a proposed sale of 1,000 common shares received as compensation on 10/23/2023, routed through Fidelity and scheduled around 08/26/2025. Relative to the reported 14,158,190 shares outstanding, the transaction size is minimal and the filer reports no other sales in the prior three months. The filing is procedural under Rule 144 to notify the market of an intended sale by an affiliate; it contains no new operational or financial information about the issuer.
TL;DR: Compliance-focused disclosure showing adherence to Rule 144 requirements.
The document provides required transparency for an affiliate sale: acquisition date, nature (compensation), broker identity, amount, estimated market value, and planned sale window. The signatory affirms no undisclosed material adverse information, aligning with disclosure standards. There are no indications of concentrated insider selling or recent related sales that would raise governance concerns based on the information provided.