DAHL JAMES H 4

What Happened
James H. Dahl, a reported 10% owner of AMREP Corp. (AXR), purchased 2,060 shares in open-market/private purchases on March 31, 2026. The filing reports a weighted average purchase price of $27.92 per share for a total cost of $57,521. The purchases were executed in multiple trades (see price range below).

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-02.
• Transaction type/code: Open market/private purchase (P).
• Shares acquired: 2,060 shares for $57,521 (weighted avg $27.92).
• Price range: purchases occurred at $27.60 to $28.131 per share (weighted avg shown). (Footnote F1)
• Holdings notes from filing: 204,151 shares are held in a ROTH Conversion Account and 25,000 shares in an IRA Account (Footnote F3). Other footnotes indicate shares held by James H. Dahl (F2), shares held by Dahl Family Foundation, Inc. with no pecuniary interest by Dahl/family (F4), and that Rainey E. Lancaster is in a reporting group with Dahl for Section 13(d) purposes (F5).
• The filing does not state a single combined "shares owned after" total in the primary text of this summary.

Context

• Purchases by a 10% owner are filed on Form 4 and can indicate accumulation, but do not by themselves explain intent. This was a purchase (potentially a more informative signal than a sale), not an option exercise, gift, or award.
• The transaction appears routine and was reported a few days after the trade date (filed 2026-04-02 for a 2026-03-31 trade); the filing does not indicate any special plan (e.g., 10b5-1) or tax withholding.