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

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Rachel Elias Wein, a director of Alpine Income Property Trust, Inc. (PINE), reported the grant of 1,192 shares of common stock on 10/01/2025. The shares were issued as the equity component of her Q3 2025 quarterly retainer under the issuer's Non-Employee Director Compensation Policy and were valued at approximately $17,500. The share count was calculated using the 20-day trailing average closing price as of the last business day of the quarter, which the filer states was $14.67250 per share. After the issuance, the reporting person beneficially owned 12,909 shares. The Form 4 was signed by an attorney-in-fact on behalf of Ms. Wein on 10/03/2025.

Rachel Elias Wein, una direttrice di Alpine Income Property Trust, Inc. (PINE), ha riportato l'assegnazione di 1.192 azioni ordinarie il 01/10/2025. Le azioni sono state emesse come componente di capitale proprio del suo compenso trimestrale del terzo trimestre 2025 secondo la politica di compensazione per i direttori non dipendenti dell'emittente e valutate circa $17.500. Il conteggio delle azioni è stato calcolato utilizzando la media mobile a 20 giorni come prezzo di chiusura dell'ultimo giorno lavorativo del trimestre, che il dichiarante indica essere $14,67250 per azione. Dopo l'emissione, la persona che riporta possiede in proprio 12.909 azioni. Il Form 4 è stato firmato da un procuratore-in-fiducia per conto della signora Wein il 03/10/2025.

Rachel Elias Wein, una directora de Alpine Income Property Trust, Inc. (PINE), informó la asignación de 1.192 acciones comunes el 01/10/2025. Las acciones se emitieron como componente de patrimonio de su honorario trimestral del tercer trimestre de 2025 bajo la Política de Compensación para Directores No Empleados del emisor y tuvieron un valor aproximado de $17,500. El conteo de acciones se calculó usando la media de cierre de 20 días al último día hábil del trimestre, que el declarante indica fue de $14.67250 por acción. Después de la emisión, la persona informante posee de forma beneficiosa 12.909 acciones. El Formulario 4 fue firmado por un apoderado (attorney-in-fact) en nombre de la Sra. Wein el 03/10/2025.

레이첼 엘리아스 와인Alpine Income Property Trust, Inc. (PINE)이사로서 1,192주 보통주를 2025-10-01에 수여받았다고 보고했습니다. 이 주식은 발행인의 비피용자 이사 보상정책에 따른 2025년 3분기 분기 보수의 지분 구성요소로 발행되었으며 대략 $17,500로 평가되었습니다. 주식 수는 분기의 마지막 영업일 기준 20거래일 종가 평균를 사용하여 계산되었으며, 이는 $14.67250 주당으로 필러가 밝힌 바 있습니다. 발행 후 보고인은 12,909주를 실소유로 보유하게 되었습니다. Form 4는 〈2025-10-03〉에 와인 부인과를 대신하여 대리인(attorney-in-fact)이 서명했습니다.

Rachel Elias Wein, une endroit déstrice de Alpine Income Property Trust, Inc. (PINE), a signalé l'attribution de 1 192 actions ordinaires le 01/10/2025. Les actions ont été émises comme composant d'équité de son acompte trimestriel trimestriel du T3 2025 dans le cadre de la politique de rémunération des administrateurs non salariés de l’émetteur et avaient une valeur d’environ $17.500. Le nombre d’actions a été calculé en utilisant la moyenne mobile sur 20 jours à la fermeture de la dernière journée ouvrable du trimestre, que le déclarant indique être de $14,67250 par action. Après l’émission, la personne qui déclare possède avantageusement 12 909 actions. Le Formulaire 4 a été signé par un procureur (attorney-in-fact) pour le compte de Mme Wein le 03/10/2025.

Rachel Elias Wein, eine Direktorin von Alpine Income Property Trust, Inc. (PINE), meldete die Zuweisung von 1.192 Stammaktien am 01.10.2025. Die Aktien wurden als Eigenkapitalkomponente ihres vierteljährlichen Q3 2025-Gehaltanteils gemäß der Richtlinie des Emittenten zur Vergütung nicht angestellter Direktoren ausgegeben und mit etwa $17.500 bewertet. Die Aktienanzahl wurde unter Verwendung des 20-Tage-Gleitendes Schlusskurs-Durchschnitts zum letzten Geschäftstag des Quartals berechnet, der vom Einreicher mit $14,67250 pro Aktie angegeben wird. Nach der Ausgabe hielt die meldende Person vorteilhaft 12.909 Aktien. Das Formblatt 4 wurde am 03.10.2025 von einem bevollmächtigten Vertreter (attorney-in-fact) im Namen von Frau Wein unterschrieben.

رايتشل إلياس واين، مديرة لدى Alpine Income Property Trust, Inc. (PINE)، أبلغت بمنحة 1,192 سهماً عاديًا في 01/10/2025. أُصدرت الأسهم كمكوّن أساسي للمكوّن الرأسمالي من أجرها ربع السنوي للربع الثالث من 2025 وفقاً لسياسة تعويض المديرين غير الموظفين للجهة المصدرة، وبقيمة تقريبة قدرها $17,500. تم حساب عدد الأسهم باستخدام متوسط إغلاق لمدة 20 يوماً حتى آخر يوم عمل من الربع، والذي ذكر المُبلغ أنه كان $14.67250 للسهم. بعد الإصدارات، أصبحت المبلَّغة تملك 12,909 أسهم بشكل مستفيد. تم توقيع Form 4 من قبل وكيل مفوَّض نيابة عن السيدة واين في 03/10/2025.

Rachel Elias WeinAlpine Income Property Trust, Inc.(PINE)董事,报告在2025/10/01授予她1,192股普通股。此批股权作为她在发行方非雇员董事薪酬政策下的2025 年第 3 季度季度报酬的股权组成部分,估值约为$17,500。股数的计算使用截至季度最后一个工作日的20 天滚动收盘价平均,披露者称为每股$14.67250。发行后,该披露人实际拥有12,909股。Form 4 由一名代理人代表 Wein 女士在2025/10/03签署。

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Rachel Elias Wein, una direttrice di Alpine Income Property Trust, Inc. (PINE), ha riportato l'assegnazione di 1.192 azioni ordinarie il 01/10/2025. Le azioni sono state emesse come componente di capitale proprio del suo compenso trimestrale del terzo trimestre 2025 secondo la politica di compensazione per i direttori non dipendenti dell'emittente e valutate circa $17.500. Il conteggio delle azioni è stato calcolato utilizzando la media mobile a 20 giorni come prezzo di chiusura dell'ultimo giorno lavorativo del trimestre, che il dichiarante indica essere $14,67250 per azione. Dopo l'emissione, la persona che riporta possiede in proprio 12.909 azioni. Il Form 4 è stato firmato da un procuratore-in-fiducia per conto della signora Wein il 03/10/2025.

Rachel Elias Wein, una directora de Alpine Income Property Trust, Inc. (PINE), informó la asignación de 1.192 acciones comunes el 01/10/2025. Las acciones se emitieron como componente de patrimonio de su honorario trimestral del tercer trimestre de 2025 bajo la Política de Compensación para Directores No Empleados del emisor y tuvieron un valor aproximado de $17,500. El conteo de acciones se calculó usando la media de cierre de 20 días al último día hábil del trimestre, que el declarante indica fue de $14.67250 por acción. Después de la emisión, la persona informante posee de forma beneficiosa 12.909 acciones. El Formulario 4 fue firmado por un apoderado (attorney-in-fact) en nombre de la Sra. Wein el 03/10/2025.

레이첼 엘리아스 와인Alpine Income Property Trust, Inc. (PINE)이사로서 1,192주 보통주를 2025-10-01에 수여받았다고 보고했습니다. 이 주식은 발행인의 비피용자 이사 보상정책에 따른 2025년 3분기 분기 보수의 지분 구성요소로 발행되었으며 대략 $17,500로 평가되었습니다. 주식 수는 분기의 마지막 영업일 기준 20거래일 종가 평균를 사용하여 계산되었으며, 이는 $14.67250 주당으로 필러가 밝힌 바 있습니다. 발행 후 보고인은 12,909주를 실소유로 보유하게 되었습니다. Form 4는 〈2025-10-03〉에 와인 부인과를 대신하여 대리인(attorney-in-fact)이 서명했습니다.

Rachel Elias Wein, une endroit déstrice de Alpine Income Property Trust, Inc. (PINE), a signalé l'attribution de 1 192 actions ordinaires le 01/10/2025. Les actions ont été émises comme composant d'équité de son acompte trimestriel trimestriel du T3 2025 dans le cadre de la politique de rémunération des administrateurs non salariés de l’émetteur et avaient une valeur d’environ $17.500. Le nombre d’actions a été calculé en utilisant la moyenne mobile sur 20 jours à la fermeture de la dernière journée ouvrable du trimestre, que le déclarant indique être de $14,67250 par action. Après l’émission, la personne qui déclare possède avantageusement 12 909 actions. Le Formulaire 4 a été signé par un procureur (attorney-in-fact) pour le compte de Mme Wein le 03/10/2025.

Rachel Elias Wein, eine Direktorin von Alpine Income Property Trust, Inc. (PINE), meldete die Zuweisung von 1.192 Stammaktien am 01.10.2025. Die Aktien wurden als Eigenkapitalkomponente ihres vierteljährlichen Q3 2025-Gehaltanteils gemäß der Richtlinie des Emittenten zur Vergütung nicht angestellter Direktoren ausgegeben und mit etwa $17.500 bewertet. Die Aktienanzahl wurde unter Verwendung des 20-Tage-Gleitendes Schlusskurs-Durchschnitts zum letzten Geschäftstag des Quartals berechnet, der vom Einreicher mit $14,67250 pro Aktie angegeben wird. Nach der Ausgabe hielt die meldende Person vorteilhaft 12.909 Aktien. Das Formblatt 4 wurde am 03.10.2025 von einem bevollmächtigten Vertreter (attorney-in-fact) im Namen von Frau Wein unterschrieben.

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).
1. Name and Address of Reporting Person*
Elias Wein Rachel

(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)
10/01/2025
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 10/01/2025 A 1,192 A $14.6725(1) 12,909 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. These shares were issued to the Reporting Person as the equity component of her Q3 2025 quarterly retainer fee (the value of such component being approximately $17,500), 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 $14.67250.
/s/ Daniel E. Smith, attorney-in-fact for Rachel Elias Wein 10/03/2025
** 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

What transaction did PINE director Rachel Elias Wein report on Form 4?

She reported the acquisition of 1,192 shares of PINE common stock issued as director compensation on 10/01/2025.

How much were the shares for Rachel Elias Wein worth?

The equity component was valued at approximately $17,500, using a per-share price of $14.67250.

How many PINE shares does Rachel Elias Wein beneficially own after the transaction?

Following the reported issuance, she beneficially owned 12,909 shares.

Under what policy were the shares issued?

The shares were issued pursuant to the Issuer's Non-Employee Director Compensation Policy, adopted February 3, 2020 and last amended January 30, 2025.

Who signed the Form 4 filing for Rachel Elias Wein?

The Form 4 was signed by Daniel E. Smith, attorney-in-fact, on behalf of Rachel Elias Wein on 10/03/2025.
Alpine Income Property Trust, Inc.

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