AMREP CORP.|4Feb 19, 4:17 PM ET

DAHL JAMES H 4

4 · AMREP CORP. · Filed Feb 19, 2026

AI-generated summary of this filing

Updated Feb 19, 2026

AMREP (AXR) 10% Owner James H. Dahl Buys Shares

What Happened

James H. Dahl, a reported 10% owner of AMREP Corp. (AXR), made a series of open-market purchases (transaction code P) totaling 10,842 shares on Feb 17–18, 2026 for an aggregate cash outlay of about $270,898. The four buys were: 4,411 shares at a weighted average $24.53 ($108,193); 2,431 shares at $25.50 ($61,991); 3,212 shares at $25.04 ($80,425); and 788 shares at $25.75 ($20,289). Purchases are purchases of company stock (commonly viewed as a bullish signal, though they do not prove motivation).

Key Details

Dates and transactions:
- 2026-02-17: 4,411 sh @ $24.53 (weighted avg; prices in that lot ranged $23.98–$24.95) — $108,193. (F1)
- 2026-02-17: 2,431 sh @ $25.50 (weighted avg; prices in that lot ranged $25.07–$25.94) — $61,991. (F3)
- 2026-02-18: 3,212 sh @ $25.04 (weighted avg; prices in that lot ranged $24.29–$25.23) — $80,425. (F4)
- 2026-02-18: 788 sh @ $25.75 (weighted avg; prices in that lot ranged $25.35–$25.86) — $20,289. (F5)
Aggregate: 10,842 shares purchased for ~$270,898 across two days.
Ownership after transaction: not specified in the excerpt provided. Footnotes indicate holdings include shares held in IRA accounts (204,151 in a ROTH Conversion Account and 25,000 in an IRA Account — F6) and other shares held by related entities (Dahl Family Foundation, Inc. — F7) and by Rainey E. Lancaster as a reporting group member (F8). F2 notes some shares are held directly by James H. Dahl.
Filing: Form 4 was filed Feb 19, 2026 (transactions reported for Feb 17–18). No indication in the provided data that the filing was late.
Transaction type code: P = Purchase (open-market/private purchase).

Context

Dahl is a 10% owner (insider category), not necessarily reporting as a company executive; 10% owner purchases are institutional insider activity and can be informative to investors.
Several footnotes clarify the reported prices are weighted averages because each reported lot was made up of multiple trades at slightly different prices.
These were outright purchases (not option exercises, gifts, or awards), so they increase Dahl’s economic stake in AMREP.

Form 4

Period: 2026-02-17

10% Owner

Transactions

Purchase
Common Shares
[F1][F2]
2026-02-17$24.53/sh+4,411$108,193→ 452,467 total
Purchase
Common Shares
[F3][F2]
2026-02-17$25.50/sh+2,431$61,991→ 454,898 total
Purchase
Common Shares
[F4][F2]
2026-02-18$25.04/sh+3,212$80,425→ 458,110 total
Purchase
Common Shares
[F5][F2]
2026-02-18$25.75/sh+788$20,289→ 458,898 total

Holdings

Footnotes (8)

[F1]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $23.98 to $24.95 per share.
[F2]The shares are held by James H. Dahl.
[F3]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $25.07 to $25.94 per share.
[F4]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $24.29 to $25.23 per share.
[F5]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $25.35 to $25.86 per share.
[F6]The shares are held in two IRA accounts as follows: 204,151 shares held by the ROTH Conversion Account and 25,000 shares held by the IRA Account.
[F7]The shares are held by Dahl Family Foundation, Inc. Neither James H. Dahl nor any member of his family have any pecuniary interest in shares held by Dahl Family Foundation, Inc.
[F8]The shares are held by Rainey E. Lancaster who is a member of a group with James H. Dahl for purposes of Section 13(d) of the Exchange Act.

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