Form 4: AMREP CORP.: James H. Dahl and Rainey E. Lancaster Report Beneficial Ownership Changes

James H. Dahl and Rainey E. Lancaster, both directors and 10% owners of AMREP CORP., report changes in their beneficial ownership of common shares, with Dahl purchasing 4,400 shares at an average price of $20.9534.

Summary

• James H. Dahl, a director and 10% owner of AMREP CORP. [AXR], reported a transaction on May 15, 2024.
• Dahl purchased 4,400 common shares at a weighted average price of $20.9534, with prices ranging from $20.65 to $21.25 per share.
• Following the transaction, Dahl directly owns 388,428 shares.
• Dahl also indirectly owns 229,151 shares through IRA accounts and 94,120 shares through a trust.
• Rainey E. Lancaster, also a director and 10% owner, is part of a 'group' with James H. Dahl and directly owns 173,750 shares.
• The report was filed on May 16, 2024.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing. The purchase of shares could be seen as slightly positive, but it's a routine disclosure.

Positives

• James H. Dahl's purchase of shares may indicate confidence in the company's future prospects.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and large shareholders. They provide transparency into the trading activities of those with privileged information, helping to maintain fair markets.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the insider purchase.

Key Dates