CTO Realty Growth, Inc. - 14 Oct 2022 Form 4 Insider Report for Alpine Income Property Trust, Inc. (PINE)

Role: 10%+ Owner
Signature: /s/ Daniel E. Smith, Senior Vice President, General Counsel & Corporate Secretary of CTO Realty Growth, Inc.
Issuer symbol: PINE
Transactions as of: 14 Oct 2022
Net transactions value: +$99,522
Form type: 4
Filing time: 18 Oct 2022, 16:30:46 UTC
Previous filing: 14 Oct 2022
Next filing: 21 Oct 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PINE	Common Stock	Purchase	$32,183	+1,990	+6.6%	$16.17	32,260	14 Oct 2022	see footnote below	F1, F2, F3
transaction	PINE	Common Stock	Purchase	$33,239	+2,000	+6.2%	$16.62	34,260	17 Oct 2022	see footnote below	F1, F3, F4
transaction	PINE	Common Stock	Purchase	$34,100	+2,000	+5.8%	$17.05	36,260	18 Oct 2022	see footnote below	F1, F3, F5
holding	PINE	Common Stock						935,703	14 Oct 2022	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 27, 2021 and last modified June 23, 2022.
F2	The price reported is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $16.12 to $16.38, 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.
F3	These shares are owned directly by CTO TRS Crisp39 LLC, which is a wholly owned subsidiary of CTO Realty Growth, Inc. ("CTO"). CTO is an indirect beneficial owner of the reported securities.
F4	The price reported is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $16.41 to $16.82, 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.
F5	The price reported is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $16.95 to $17.12, 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.