AMERICAN REALTY INVESTORS INC 4/A

What Happened
American Realty Investors, Inc., a disclosed 10% owner of Transcontinental Realty Investors, Inc. (TCI), acquired 70,023 shares of TCI common stock in a privately negotiated purchase on 2026-01-12. The shares were bought at $55.50 per share (the 10-day simple average closing price), for a total purchase value of $3,886,277. This was a purchase (accumulation) rather than a sale.

Key Details

• Transaction date and price: 2026-01-12, 70,023 shares at $55.50 per share (total $3,886,277). Transaction code: P (purchase).
• Source of shares: Acquired from ABC Land & Development, Inc. (ABCLD) as part of a privately negotiated transaction tied to a litigation settlement.
• Shares owned after transaction: Beneficial ownership now totals at least 1,453,249 shares (includes 1,383,226 shares held for several years by Transcontinental Realty Acquisition Corporation, a wholly owned subsidiary of American Realty).
• Filing status: This is an amended Form 4 filed 2026-01-21 reporting the 2026-01-12 transaction (the filing date is after the transaction date).
• Footnotes: Purchase price was based on the simple average of TCI’s daily NYSE closing price for the 10 trading days immediately preceding the transaction.

Context
This transaction was by a 10% owner (institutional entity), not an individual executive. Purchases by large shareholders can indicate increased institutional exposure but do not necessarily reflect insider view of company operations. The transfer arose from a litigation settlement and was executed via a private transfer rather than an open-market trade.