Daniel E. Smith - 08 Aug 2025 Form 4 Insider Report for Alpine Income Property Trust, Inc. (PINE)

Role: SVP, GEN COUNSEL & CORP SECRET
Signature: /s/ Daniel E. Smith
Issuer symbol: PINE
Transactions as of: 08 Aug 2025
Net transactions value: +$49,357
Form type: 4
Filing time: 11 Aug 2025, 16:30:13 UTC
Previous filing: 26 Jun 2025
Next filing: 11 Sep 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Smith Daniel Earl	SVP, GEN COUNSEL & CORP SECRET	1140 N. WILLIAMSON BLVD., SUITE 140, DAYTONA BEACH	/s/ Daniel E. Smith	11 Aug 2025	0001623528

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PINE	Common Stock	Purchase	$49,357	+3,500	+73%	$14.10	8,300	06 Aug 2025	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The price reported is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $14.095 to $14.13, 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.
F2	Mr. Smith also serves as the Senior Vice President, General Counsel and Corporate Secretary of CTO Realty Growth, Inc. ("CTO"). Mr. Smith 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. Smith 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.

Content

The price reported is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $14.095 to $14.13, 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.

Mr. Smith also serves as the Senior Vice President, General Counsel and Corporate Secretary of CTO Realty Growth, Inc. ("CTO"). Mr. Smith 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. Smith 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.