[Form 4] Alpine Income Property Trust, Inc Insider Trading Activity

Rhea-AI Filing Summary

John P. Albright, identified as a director and as President and CEO, reported an insider purchase of 3,500 shares of Alpine Income Property Trust, Inc. (ticker: PINE) on 08/06/2025 at a weighted-average price of $14.2007 per share. After the reported transactions, Mr. Albright's direct beneficial ownership in the issuer is shown as 11,444 shares.

The filing notes the weighted-average price reflects multiple purchases between $14.17 and $14.21 and includes a disclosure that Mr. Albright also serves as an officer and director of CTO Realty Growth, Inc. and disclaims beneficial ownership of shares held by CTO or its affiliates.

Positive

• Insider purchase reported: CEO/President John P. Albright acquired 3,500 shares, indicating a disclosed personal purchase by a senior insider
• Transparent pricing detail: Filing reports a precise weighted-average price of $14.2007 and a purchase price range of $14.17–$14.21

Negative

• Beneficial ownership complexity: Mr. Albright disclaims beneficial ownership of shares held by CTO Realty Growth, Inc., which complicates assessment of total economic exposure

Insights

Financial Analyst

TL;DR: CEO purchased 3,500 shares at a weighted-average $14.2007, raising direct holdings to 11,444 shares.

The Form 4 documents a clear, open-market acquisition by John P. Albright totaling 3,500 common shares at a weighted-average price of $14.2007. The filing quantifies post-transaction direct ownership as 11,444 shares and specifies the purchase prices ranged from $14.17 to $14.21. From a reporting standpoint, this is a routine insider purchase disclosure; the size and value are explicit in the filing and suggest a measured acquisition rather than a block trade.

Corporate Governance Expert

TL;DR: Disclosure includes an ownership disclaimer for CTO and documents the insider trade without additional governance actions.

The filing identifies Mr. Albright as both President and CEO and as a director of the issuer and records his acquisition of 3,500 shares. The explanatory note states he also serves as an officer and director of CTO Realty Growth, Inc. and disclaims beneficial ownership of any issuer shares held by CTO or its affiliates. This disclosure clarifies the boundary between his personal holdings and potential third-party holdings, as recorded on the Form 4.

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^*

Albright John P

(Last) (First) (Middle)

369 N. NEW YORK AVE

SUITE 201

(Street)

WINTER PARK FL 32789

(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
X	Officer (give title below)		Other (specify below)
	PRESIDENT AND CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2025

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	08/06/2025		P		3,500	A	$14.2007(1)	11,444(2)	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 purchased in multiple transactions at prices ranging from $14.17 to $14.21, 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.

2. Mr. Albright also serves as the President, CEO and member of the Board of Directors of CTO Realty Growth, Inc. ("CTO"). Mr. Albright disclaims beneficial ownership of all equity securities of the Issuer that are or may be beneficially owned by CTO or any of its affiliates. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that Mr. Albright is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any equity securities of the Issuer that are or may be beneficially owned by CTO or any of its affiliates.

	/s/ Daniel E. Smith, attorney-in-fact for John P. Albright	08/08/2025
	** 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

Who filed the Form 4 for Alpine Income Property Trust (PINE)?

John P. Albright, identified as a director and as the issuer's President and CEO, is the reporting person.

What transaction was reported on the Form 4 for PINE?

A reported purchase of 3,500 shares of common stock, indicated as an acquisition (A).

What price was paid per share in the PINE insider purchase?

A weighted-average price of $14.2007 per share; individual transactions ranged from $14.17 to $14.21.

How many PINE shares does John P. Albright beneficially own after the reported trades?

The filing shows 11,444 shares beneficially owned by Mr. Albright following the reported transactions.

Does the Form 4 indicate any indirect ownership or disclaimers?

Yes. The filing discloses Mr. Albright also serves at CTO Realty Growth, Inc., and he disclaims beneficial ownership of any issuer shares held by CTO or its affiliates.