Andrew C. Richardson - Sep 30, 2024 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: Sep 30, 2024
Transactions value $: $1,348
Form type: 4
Date filed: 10/2/2024, 05:30 PM
Previous filing: Jul 2, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PINE	Common Stock, par value $0.01 per share	Sale	-$18.1K	-1K	-4.74%	$18.15	20.1K	Sep 30, 2024	Direct	F1
transaction	PINE	Common Stock, par value $0.01 per share	Award	$19.5K	+1.06K	+5.26%	$18.46	21.1K	Oct 1, 2024	Direct	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 sold in multiple transactions at prices ranging from $18.1401 to $18.1550, 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	These shares were issued to the Reporting Person in lieu of his 3rd quarter 2024 director retainer fee of $15,000 and his 3rd quarter 2024 chairman fee of $2,500 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 $18.46300.

Content

The price reported is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $18.1401 to $18.1550, 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.

These shares were issued to the Reporting Person in lieu of his 3rd quarter 2024 director retainer fee of $15,000 and his 3rd quarter 2024 chairman fee of $2,500 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 $18.46300.