Daniel E. Smith - Jun 7, 2022 Form 4 Insider Report for CTO Realty Growth, Inc. (CTO)

Role
SVP, GEN COUNSEL & CORP SECRET
Signature
/s/ Daniel E. Smith
Stock symbol
CTO
Transactions as of
Jun 7, 2022
Transactions value $
-$57,177
Form type
4
Date filed
6/9/2022, 06:00 PM
Previous filing
Mar 24, 2022
Next filing
Sep 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTO Common Stock Options Exercise $359K +9K +24.13% $39.87 46.3K Jun 7, 2022 Direct F1
transaction CTO Common Stock Tax liability -$416K -6.31K -13.62% $65.97 40K Jun 7, 2022 Direct F1
holding CTO Common Stock 1K Jun 7, 2022 Kathyleen R. Smith WFCS Custodian Trad IRA F2
holding CTO Common Stock 370 Jun 7, 2022 Kathyleen R. Smith TOD F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CTO Employee Stock Option Options Exercise $0 -9K -100% $0.00* 0 Jun 7, 2022 Common Stock 9K $39.87 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This amount includes (i) 4,999 shares of restricted common stock which vest over time, which were previously reported, and (ii) 261 shares of common stock acquired through the Issuer's dividend reinvestment plan since February 18, 2022 (the date of the Reporting Person's previous Form 4 filing).
F2 The Reporting Person may be regarded as the beneficial owner of the shares of the Issuer's common stock held in this account as a result of a durable power of attorney pursuant to which the Reporting Person has the authority to direct the voting and disposition of such shares. The Reporting Person disclaims beneficial ownership of any shares of the Issuer's common stock held in this account except to the extent of his pecuniary interest therein.
F3 The option, representing a right to purchase a total of 12,541 shares, became exercisable in three installments on the first, second and third anniversaries of the grant date, which was 10/22/2014.