CTO Realty Growth, Inc. - Sep 29, 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.
Stock symbol
PINE
Transactions as of
Sep 29, 2022
Transactions value $
$88,114
Form type
4
Date filed
10/3/2022, 04:30 PM
Previous filing
Sep 29, 2022
Next filing
Oct 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PINE Common Stock Purchase $27.4K +1.7K +15.58% $16.13 12.6K Sep 29, 2022 see footnote below F1, F2, F3
transaction PINE Common Stock Purchase $27.9K +1.7K +13.48% $16.41 14.3K Sep 30, 2022 see footnote below F1, F3, F4
transaction PINE Common Stock Purchase $32.8K +2K +13.98% $16.40 16.3K Oct 3, 2022 see footnote below F1, F3, F5
holding PINE Common Stock 936K Sep 29, 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 $15.90 to $16.39, 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 $16.115 to $16.51, 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 $16.23 to $16.62, 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.