McNaney Timothy S 4

What Happened Timothy S. McNaney, a director of AMREP Corp. (AXR), purchased 1,765 shares in an open-market transaction on April 21, 2026. The reported weighted-average purchase price was $28.17 per share, for a total transaction value of approximately $49,720. This was a purchase (code P), which is generally viewed as a buying/accumulation action rather than a sale.

Key Details

• Transaction date: 2026-04-21; Form 4 filed: 2026-04-22 (appears timely).
• Shares purchased: 1,765 at a weighted-average price of $28.17; total ≈ $49,720.
• Price range: purchases occurred at prices between $27.97 and $28.20 per share (weighted average reported; reporter can provide per-trade breakdown on request).
• Reported holding: these shares are held directly in the reporting person’s Individual Retirement Account (IRA).
• Filing status: no indication in the provided data that the filing was late.

Context

• This is a straightforward open-market purchase into an IRA; purchases are often monitored by investors as a potential positive signal, but this is a relatively small transaction (~$50k) and should be considered alongside other insider activity and company fundamentals.
• Because the shares are held in an IRA, trading may reflect retirement-account activity rather than active trading of the director’s personal brokerage account.