Form 4: Alpine Income Director Sells PINE Stock Under 10b5-1 Plan

Andrew C. Richardson, a director at Alpine Income Property Trust, Inc., sold 1,000 shares of common stock for approximately $17,110 under a pre-arranged trading plan.

Summary

• Andrew C. Richardson, a Director of Alpine Income Property Trust, Inc. (PINE), reported the sale of 1,000 shares of the company's common stock.
• The transactions occurred on December 11, 2025, and were executed under a Rule 10b5-1(c) pre-arranged trading plan.
• The shares were sold in two separate transactions: 500 shares at $17.10 per share and another 500 shares at $17.12 per share.
• The total value of the shares sold amounted to $17,110.
• Following these transactions, Mr. Richardson directly beneficially owns 18,160 shares of Alpine Income Property Trust, Inc. common stock.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to a director selling shares, but mitigated by the small volume and the fact that it was executed under a pre-arranged 10b5-1 plan, suggesting it's part of routine financial management rather than a reaction to new negative information.

Negatives

• A director sold 1,000 shares of common stock, which represents a reduction in insider holdings.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context. Insider sales, especially under a 10b5-1 plan, are common and often relate to personal financial planning rather than a specific view on the company's future performance or industry trends.

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership, which could be perceived as a slightly negative signal, though the small volume and 10b5-1 plan minimize its significance.

Key Dates

Keywords

Alpine Income Property Trust, PINE, Insider Trading, Form 4, Director Sale, Stock Sale, 10b5-1 Plan, Real Estate Investment Trust