Form 4: PINE CEO Buys 3,500 Shares in Pre-Planned Trade

Alpine Income Property Trust CEO John P. Albright purchased 3,500 shares of common stock at an average price of $14.2007 in a pre-planned transaction.

Summary

• John P. Albright, President, CEO, and Director of Alpine Income Property Trust, Inc. (PINE), acquired 3,500 shares of the company's common stock.
• The transaction occurred on August 6, 2025, and was executed under a Rule 10b5-1(c) plan, indicating a pre-scheduled purchase.
• Shares were purchased at a weighted-average price of $14.2007, with individual transaction prices ranging from $14.17 to $14.21.
• Following this acquisition, Mr. Albright directly beneficially owns 11,444 shares of Alpine Income Property Trust, Inc. common stock.
• Mr. Albright disclaims beneficial ownership of any equity securities of the Issuer that are or may be beneficially owned by CTO Realty Growth, Inc. or its affiliates, where he also serves as President, CEO, and Board member.

Sentiment

Score: 8

Explanation: The purchase of company stock by the CEO is a strong positive signal, indicating management's confidence in the company's value and future performance. The transaction being pre-planned under a 10b5-1 plan adds to its credibility as a non-speculative investment.

Positives

• Insider buying by the President and CEO signals strong confidence in the company's current valuation and future prospects.
• The purchase was made pursuant to a Rule 10b5-1 plan, indicating a pre-scheduled, non-discretionary transaction rather than a reactive one.

Risks

• No specific operational or financial risks are disclosed in this filing.

Future Outlook

No forward-looking statements or guidance regarding the company's future performance or strategic direction are provided in this Form 4 filing.

Management Comments

• "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."
• "Mr. Albright disclaims beneficial ownership of all equity securities of the Issuer that are or may be beneficially owned by CTO or any of its affiliates."

Industry Context

This filing reports an insider stock purchase by the CEO of a real estate investment trust (REIT). Insider buying, particularly by top executives, is generally viewed as a positive signal within the REIT sector, indicating management's belief in the company's property portfolio and income generation capabilities, especially relevant in the current economic climate affecting real estate valuations.

Comparison to Industry Standards

• Insider purchases by a CEO are widely considered a strong positive indicator across all industries, including REITs, as they align management's financial interests directly with shareholder value.
• The purchase price of $14.2007 per share can be assessed against the company's historical trading range and the valuations of comparable single-tenant net lease REITs such as Realty Income (O), National Retail Properties (NNN), or Agree Realty (ADC).
• A CEO's decision to increase their stake at this price point suggests a belief that the company's shares are undervalued or poised for future appreciation relative to its peers.

Stakeholder Impact

• Shareholders: Potentially positive, as insider buying can boost investor confidence and signal management's belief in the company's undervaluation or strong future performance.
• Management/Employees: Reinforces alignment of interests between top management and the company's financial performance.

Key Dates

Recommendation

The CEO's direct purchase of a significant number of shares at the reported price signals strong confidence in the company's intrinsic value and future growth potential. This insider buying, especially from a top executive, often precedes positive performance and aligns management's interests with shareholders, making it a compelling 'buy' signal for long-term investors.

Keywords

Alpine Income Property Trust, PINE, Insider Trading, Stock Purchase, CEO, John P. Albright, Real Estate, REIT, Form 4, SEC Filing, 10b5-1 Plan