DAHL JAMES H 4
4 · AMREP CORP. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
AMREP (AXR) 10% Owner James H. Dahl Buys Shares
What Happened
James H. Dahl, a reported 10% owner of AMREP Corp. (AXR), made open-market purchases on Feb 19, 2026 totaling 1,300 common shares. He bought 416 shares at a reported weighted average price of $26.11 (≈ $10,861) and 884 shares at a reported weighted average price of $26.49 (≈ $23,414), for combined consideration of about $34,275. These were purchases (code P), which are generally treated by investors as a more informative/“bullish” signal than routine sales.
Key Details
- Transaction dates: Feb 19, 2026; Form 4 filed Feb 20, 2026 (timely filing).
- Prices reported: weighted averages $26.11 (416 sh) and $26.49 (884 sh).
- Footnote: the $26.11 average reflects multiple trades priced $25.19–$26.18.
- Footnote: the $26.49 average reflects multiple trades priced $26.24–$26.52.
- Total shares purchased: 1,300; total cash spent ≈ $34,275.
- Shares after transaction / reported holdings: filing notes shares are held by James H. Dahl and lists 204,151 shares in a ROTH Conversion Account and 25,000 shares in an IRA account (per footnote). The filing also references shares held by Dahl Family Foundation, Inc. (no pecuniary interest by Dahl/family) and by Rainey E. Lancaster (group member with Dahl for Section 13(d)).
- Transaction type: Open-market purchases (P). Not an option exercise, gift, or award.
Context
Dahl is identified as a 10% owner (large shareholder), not necessarily an executive — purchases by large shareholders can reflect personal allocation decisions rather than company operations insights. The filing contains clarifying footnotes about where shares are held and that some foundation-held shares are not pecuniarily owned by Dahl or his family.
Insider Transaction Report
- Purchase
Common Shares
[F1][F2]2026-02-19$26.11/sh+416$10,861→ 459,314 total - Purchase
Common Shares
[F3][F2]2026-02-19$26.49/sh+884$23,414→ 460,198 total
- 229,151(indirect: By IRA)
Common Shares
[F4] - 94,120(indirect: By Trust)
Common Shares
[F5] - 173,750
Common Shares
[F6]
Footnotes (6)
- [F1]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $25.19 to $26.18 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 $26.24 to $26.52 per share.
- [F4]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.
- [F5]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.
- [F6]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.