Alpine Income Property Trust grants director 1,661 shares

Q: How many shares did PINE director Morton Carson Good receive?

Morton Carson Good received 1,661 shares on October 1, 2026, bringing his directly held common stock to 29,894 shares. The shares were issued for his Q3 2026 quarterly retainer.

The issuance covered both the director’s equity retainer component and shares provided instead of his cash retainer component.

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Form Type

Rhea-AI Filing Summary

Morton Carson Good reported acquisition or exercise transactions in this Form 4 filing. Alpine Income Property Trust, Inc. issued director Morton Carson Good 1,661 common shares on October 1, 2026, as compensation for his Q3 2026 quarterly retainer. The shares covered an approximately $17,500 equity component and were also issued in lieu of the $12,500 cash component. The $18.0580 price was the 20-day trailing average closing price used to calculate the shares, as of the last business day of the calendar quarter. After the issuance, Good directly held 29,894 common shares.

Insider Trade Summary

Grant/Award: 1,661 shares

Grant/Award 1 txn

Insider Good Morton Carson

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.01 per share ^F1	1,661	$18.058	$30K

Holdings After Transaction: Common Stock, par value $0.01 per share — 29,894 shares (Direct)

Footnotes (1)

F1. These shares were issued to the Reporting Person as (i) the equity component of his Q3 2026 quarterly retainer fee (the value of such component being approximately $17,500) and (ii) in lieu of the cash component of his Q3 2026 quarterly retainer fee of $12,500, pursuant to the Issuer's Non-Employee Director Compensation Policy (the "Policy") adopted by the Issuer's board of directors on February 3, 2020 (last amended January 30, 2025). Pursuant to the Policy, the share price utilized to calculate the number of shares issued was the 20-day trailing average closing price as of the last business day of the calendar quarter, or $18.0580.

Key Figures

Common shares issued: 1,661 shares Share price used for calculation: $18.0580 per share Direct common shares after transaction: 29,894 shares +2 more

5 metrics

Common shares issued 1,661 shares Q3 2026 quarterly retainer; October 1, 2026

Share price used for calculation $18.0580 per share 20-day trailing average closing price as of the last business day of the calendar quarter

Direct common shares after transaction 29,894 shares Reported following the October 1, 2026 issuance

Equity component of quarterly retainer Approximately $17,500 Q3 2026

Cash component replaced with shares $12,500 Q3 2026 quarterly retainer

Key Terms

Non-Employee Director Compensation Policy, 20-day trailing average closing price, equity component

3 terms

Non-Employee Director Compensation Policy financial

"pursuant to the Issuer's Non-Employee Director Compensation Policy"

20-day trailing average closing price financial

"the 20-day trailing average closing price as of the last business day"

equity component financial

"the equity component of his Q3 2026 quarterly retainer fee"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did PINE director Morton Carson Good receive?

Morton Carson Good received 1,661 shares on October 1, 2026, bringing his directly held common stock to 29,894 shares. The shares were issued for his Q3 2026 quarterly retainer.

What compensation policy covered PINE director Morton Carson Good’s shares?

The shares were issued under Alpine Income Property Trust’s Non-Employee Director Compensation Policy, adopted by the board on February 3, 2020, and last amended January 30, 2025.

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

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Available on EDGAR 10/02/2026 - 04:30 PM Accepted by SEC EDGAR 10/02/2026 - 04:30 PM

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^*

Good Morton Carson

(Last)

(First)

(Middle)

1140 N. WILLIAMSON BLVD., SUITE 140

(Street)

DAYTONA BEACH

FLORIDA

32114

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Alpine Income Property Trust, Inc. [ PINE ]

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.01 per share	10/01/2026		A		1,661	A	$18.058⁽¹⁾	29,894	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. These shares were issued to the Reporting Person as (i) the equity component of his Q3 2026 quarterly retainer fee (the value of such component being approximately $17,500) and (ii) in lieu of the cash component of his Q3 2026 quarterly retainer fee of $12,500, pursuant to the Issuer's Non-Employee Director Compensation Policy (the "Policy") adopted by the Issuer's board of directors on February 3, 2020 (last amended January 30, 2025). Pursuant to the Policy, the share price utilized to calculate the number of shares issued was the 20-day trailing average closing price as of the last business day of the calendar quarter, or $18.0580.

	/s/ Daniel E. Smith, attorney-in-fact for M. Carson Good	10/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR