DAHL JAMES H 4

What Happened
James H. Dahl, a 10% owner of AMREP Corp. (AXR), purchased a total of 4,000 shares on May 29, 2026 in open-market/private purchases. He acquired 3,000 shares at a weighted average price of $25.67 (≈ $77,016) and 1,000 shares at a weighted average price of $27.63 (≈ $27,630), for a combined outlay of approximately $104,646. These were purchases (P), which are generally considered a more informative "buy" signal than routine sales.

Key Details

• Transaction date: 2026-05-29 (both purchases). Transaction code: P (purchase).
• Prices and values: 3,000 shares @ $25.67 (weighted avg; transactions ranged $25.52–$25.84) = $77,016; 1,000 shares @ $27.63 (weighted avg; range $27.10–$27.74) = $27,630. Total ≈ $104,646.
• Shares held after transaction: Not explicitly stated in the provided details. The filing notes holdings in two IRA accounts (204,151 shares in a ROTH Conversion Account and 25,000 shares in an IRA) and additional holdings tied to the Dahl Family Foundation and an associate (Rainey E. Lancaster).
• Footnotes: F1/F3 explain the reported prices are weighted averages from multiple trades; F2/F4/F5/F6 describe how shares are held (individual accounts, IRA accounts, Dahl Family Foundation, and a related-group member).
• Filing timeliness: Reported with period and filing date of 2026-05-29; no late filing indicated in the provided data.

Context
As a 10% owner, Dahl is a substantial shareholder rather than a necessarily active executive; purchases by significant holders can reflect increased conviction but are not proof of future performance. The transactions were simple purchases (not option exercises, gifts, or awards) and shares appear to be held in specified accounts per the footnotes.