Alpine Income (PINE) Director Andrew C. Richardson Sells Shares

What Happened
Andrew C. Richardson, a director of Alpine Income Property Trust, Inc. (ticker: PINE), reported an open-market sale of 2,000 common shares on July 28, 2026. The filing shows a weighted-average sale price of $20.28 per share for total proceeds of $40,567. This was a sale (not a purchase or option exercise), which is often routine trading by insiders and does not by itself imply company performance.

Key Details

• Transaction date: July 28, 2026. Transaction type: Sale (S), open-market/private sale.
• Shares sold: 2,000; weighted-average price reported: $20.28; total proceeds: $40,567.
• Price range: shares were sold in multiple trades at prices from $20.130 to $20.400 (footnote F1). The insider offered to provide a breakdown of how many shares sold at each price upon request.
• Shares owned after the transaction: not specified in the provided filing details.
• Filing date / timeliness: Form 4 filed July 30, 2026; timing appears consistent with standard Form 4 reporting requirements.

Context

• Sales by directors are common and can be for many personal reasons (liquidity, diversification, tax planning). A modest $40.6k sale is relatively small for an insider and should be viewed as a data point rather than a definitive signal about company prospects.
• Because the sale occurred in multiple executions (see price range), the weighted-average price is reported; the footnote confirms the reporting person can disclose per-trade quantities/prices to the company, shareholders, or the SEC staff if requested.