DAHL JAMES H 4

What Happened James H. Dahl, a reported 10% owner of AMREP Corp. (AXR), purchased 5,000 shares in open-market transactions on May 20, 2026. The filing shows a weighted average price of $24.50 per share (transactions ranged $24.48–$24.50), for a total reported cost of $122,491. This was a purchase (insider buy), which many investors view as a potentially positive signal compared with routine selling.

Key Details

• Transaction date: May 20, 2026; transaction reported May 22, 2026 (filed timely).
• Transaction type/code: Open-market purchase (P).
• Price: Weighted average $24.50; prices ranged $24.48–$24.50 (footnote).
• Shares purchased: 5,000; total reported value ≈ $122,491.
• Reported holdings (per footnotes): 204,151 shares held in a ROTH Conversion Account and 25,000 shares held in an IRA Account. Additional holdings are noted as held by Dahl Family Foundation, Inc., and by Rainey E. Lancaster (a group member with Dahl) per the filing.
• No 10b5-1 plan, tax-withholding, or late-filing footnotes were reported in this filing.

Context As a 10% owner (not an executive-only disclosure), Dahl’s purchase increases his stake through personal and related accounts listed in the footnotes. Purchases by large shareholders can be interpreted by some investors as a sign of confidence, but filings are factual reports of transactions and do not explain motivation.