Richardson Andrew C 4

What Happened
Andrew C. Richardson, a director of Alpine Income Property Trust, sold a total of 2,000 shares in open-market transactions. He sold 500 shares on 2026-05-22 at $18.87 for $9,435, and 1,500 shares on 2026-05-26 at a weighted-average price reported as $19.39 for $29,079, for combined proceeds of about $38,514. These were sales (dispositions), which are often routine insider liquidity events rather than explicit signals of company performance.

Key Details

• Transaction dates and prices: 2026-05-22 — 500 shares @ $18.87 ($9,435); 2026-05-26 — 1,500 shares @ $19.39 (weighted avg) ($29,079).
• Footnote: The $19.39 price is a weighted-average; the May 26 shares were sold across prices ranging from $19.315 to $19.41. The filer offers to provide a price-by-price breakdown on request.
• Shares owned after transaction: Not specified in the provided filing details.
• Timeliness: The Form 4 was filed on 2026-05-27. The May 26 trade was reported promptly; the May 22 sale appears to have been filed after the typical two-business-day Form 4 deadline.

Context
This filing documents outright open-market sales (code S). Sales are common for insiders for diversification or personal liquidity and are generally less informative than purchases when assessing insider sentiment. No 10b5-1 plan, gift, or option exercise is referenced in the provided information.