Alpine Income Property Trust (NYSE: PINE) director reports 1,000-share sale

Rhea-AI Filing Summary

Alpine Income Property Trust, Inc. director Andrew C. Richardson reported selling a total of 1,000 shares of common stock on 12/11/2025 in two open-market transactions. He sold 500 shares at $17.10 per share and another 500 shares at $17.12 per share. After these sales, Richardson directly beneficially owns 18,160 shares of Alpine Income Property Trust common stock. This is a routine insider ownership update reported on a Form 4.

Insider Trade Summary

Net Seller: 1,000 shares ($17,110)

Net Sell 2 txns

Insider Richardson Andrew C

Role Director

Sold 1,000 shs ($17K)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.01 per share	500	$17.10	$9K
Sale	Common Stock, par value $0.01 per share	500	$17.12	$9K

Holdings After Transaction: Common Stock, par value $0.01 per share — 18,660 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 12/12/2025 - 06:00 PM Learn about SEC filing dates

FAQ

What insider transaction did Alpine Income Property Trust (PINE) report?

Alpine Income Property Trust reported that director Andrew C. Richardson sold a total of 1,000 shares of common stock in two transactions on 12/11/2025.

At what prices did the PINE director sell shares on 12/11/2025?

Andrew C. Richardson sold 500 shares at $17.10 per share and another 500 shares at $17.12 per share.

How many Alpine Income Property Trust (PINE) shares does the director still own?

Following the reported sales, Andrew C. Richardson directly beneficially owns 18,160 shares of Alpine Income Property Trust common stock.

What is the role of the reporting person at Alpine Income Property Trust (PINE)?

The reporting person, Andrew C. Richardson, is identified as a director of Alpine Income Property Trust, Inc.

Is this Alpine Income Property Trust (PINE) filing made by one or multiple reporting persons?

The Form 4 is indicated as being filed by one reporting person, reflecting transactions for a single insider.

Does the Form 4 for Alpine Income Property Trust (PINE) report any derivative securities?

The filing includes a Table II heading for derivative securities, but no specific derivative transactions or holdings are listed in the provided excerpt.

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 FL 32114

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
12/11/2025

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	12/11/2025		S		500	D	$17.1	18,660	D
Common Stock, par value $0.01 per share	12/11/2025		S		500	D	$17.12	18,160	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:

	/s/ Daniel E. Smith, attorney-in-fact for Andrew C. Richardson	12/12/2025
	** 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.