Bradford A. Phillips - 01 May 2023 Form 4 Insider Report for AMERICAN REALTY INVESTORS INC (ARL)

Role
Director
Signature
Bradford A. Phillips
Issuer symbol
ARL
Transactions as of
01 May 2023
Net transactions value
+$9,174
Form type
4
Filing time
02 May 2023, 17:23:33 UTC
Previous filing
27 Apr 2023
Next filing
05 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARL Common Stock, par value $0.01 per share Purchase $9,174 +500 +6.8% $18.35 7,815 01 May 2023 PS II Management LLC, governing person as Manager
* 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).