Director at Alpine Income (NYSE: PINE) sells 2,832 shares

Rhea-AI Filing Summary

Alpine Income Property Trust director Andrew C. Richardson reported an open-market sale of 2,832 shares of Common Stock. The shares were sold at a weighted-average price of $19.9584 per share, in multiple trades between $19.88 and $20.325. After this transaction, he directly owns 9,544 shares of Alpine Income Property Trust common stock.

Insider Trade Summary

Net Seller: 2,832 shares ($56,522)

Net Sell 1 txn

Insider Richardson Andrew C

Role null

Sold 2,832 shs ($57K)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.01 per share	2,832	$19.9584	$57K

Holdings After Transaction: Common Stock, par value $0.01 per share — 9,544 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 2,832 shares Weighted-average sale price: $19.9584 per share Shares owned after transaction: 9,544 shares

3 metrics

Shares sold 2,832 shares Open-market sale on 2026-06-25

Weighted-average sale price $19.9584 per share Common Stock, sales between $19.88 and $20.325

Shares owned after transaction 9,544 shares Total common shares directly held post-sale

Key Terms

weighted-average price, open-market sale, Common Stock, par value $0.01 per share, Securities and Exchange Commission

4 terms

weighted-average price financial

"The price reported is a weighted-average price. These shares were sold in multiple transactions..."

Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Stock, par value $0.01 per share financial

"security_title": "Common Stock, par value $0.01 per share""

Securities and Exchange Commission regulatory

"...or the staff of the Securities and Exchange Commission, upon request..."

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/26/2026 - 05:01 PM Accepted by SEC EDGAR 06/26/2026 - 05:00 PM Learn about SEC filing dates

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^*

Richardson Andrew C

(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)
06/25/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.01 per share	06/25/2026		S		2,832	D	$19.9584(1)	9,544	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. The price reported is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $19.88 to $20.325, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

	/s/ Daniel E. Smith, attorney-in-fact for Andrew C. Richardson	06/26/2026
	** 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)

FAQ

What did Alpine Income Property Trust (PINE) director Andrew C. Richardson report in this Form 4?

Director Andrew C. Richardson reported selling 2,832 shares of Alpine Income Property Trust common stock. The transaction was an open-market sale, and he continues to hold 9,544 shares directly after the trade, according to the Form 4 filing details.

How many Alpine Income Property Trust (PINE) shares did the director sell and at what price?

Andrew C. Richardson sold 2,832 shares of Alpine Income Property Trust common stock. The weighted-average sale price was $19.9584 per share, with individual trades executed between $19.88 and $20.325, as disclosed in the Form 4 footnote.

How many Alpine Income Property Trust (PINE) shares does the director own after this sale?

Following the reported sale, Andrew C. Richardson directly owns 9,544 shares of Alpine Income Property Trust common stock. This post-transaction share balance is explicitly stated in the Form 4 as the total shares beneficially owned after the transaction.

Was the Alpine Income Property Trust (PINE) director’s sale a single trade or multiple trades?

The sale was executed in multiple trades, not a single transaction. The Form 4 footnote explains that shares were sold at prices ranging from $19.88 to $20.325, resulting in a weighted-average sale price of $19.9584 per share overall.

What type of transaction did Alpine Income Property Trust (PINE) disclose for the director?

The filing describes an open-market sale of common stock by director Andrew C. Richardson. The transaction is coded “S” on the Form 4, indicating a sale in the open market or a private transaction, with the director retaining 9,544 shares afterward.