Andrew C. Richardson - Apr 3, 2023 Form 4 Insider Report for Alpine Income Property Trust, Inc. (PINE)

Role: Director
Signature: /s/ Daniel E. Smith, attorney-in-fact for Andrew C. Richardson
Stock symbol: PINE
Transactions as of: Apr 3, 2023
Transactions value $: $19,494
Form type: 4
Date filed: 4/4/2023, 06:00 PM
Previous filing: Jan 4, 2023
Next filing: Jul 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PINE	Common Stock	Award	$19.5K	+1.17K	+8.45%	$16.63	15K	Apr 3, 2023	Direct	F1

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

Explanation of Responses:

Id	Content
F1	These shares were issued to the Reporting Person in lieu of his 1st quarter 2023 director retainer fee of $15,000 and his 1st quarter 2023 chairman fee of $4,500 pursuant to the Issuer's non-employee director compensation policy (the "Policy"). Pursuant to the Policy, the share price utilized to calculate the number of shares issued was the 20-day trailing average closing price as of the last day of the quarter, or $16.6330.

Content

These shares were issued to the Reporting Person in lieu of his 1st quarter 2023 director retainer fee of $15,000 and his 1st quarter 2023 chairman fee of $4,500 pursuant to the Issuer's non-employee director compensation policy (the "Policy"). Pursuant to the Policy, the share price utilized to calculate the number of shares issued was the 20-day trailing average closing price as of the last day of the quarter, or $16.6330.