CTO Realty Growth, Inc. - Aug 1, 2025 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.
Stock symbol
PINE
Transactions as of
Aug 1, 2025
Transactions value $
$563,488
Form type
4
Date filed
8/5/2025, 09:30 PM
Previous filing
Jul 31, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
CTO Realty Growth, Inc. 10%+ Owner 369 N. NEW YORK AVE, SUITE 201, WINTER PARK /s/ Daniel E. Smith, Senior Vice President, General Counsel & Corporate Secretary of CTO Realty Growth, Inc. 2025-08-05 0000023795

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PINE Common Stock Purchase $250K +17.7K +6.51% $14.11 290K Aug 1, 2025 see footnote below F1, F2, F3
transaction PINE Common Stock Purchase $183K +12.8K +4.4% $14.35 303K Aug 4, 2025 see footnote below F1, F3, F4
transaction PINE Common Stock Purchase $130K +9.09K +3% $14.33 312K Aug 5, 2025 see footnote below F1, F3, F5
holding PINE Common Stock 936K Aug 1, 2025 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

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 July 28, 2025.
F2 The price reported is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $14.02 to $14.17, 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 purchased 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 $14.23 to $14.40, 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 $14.17 to $14.37, 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.