Elias Wein Rachel 4

What Happened
Elias Wein, a director of Alpine Income Property Trust, received 932 shares on 2026-04-01 as an equity award (grant/acquisition) under the company's Non-Employee Director Compensation Policy. The shares were valued at $18.77 each (20-day trailing average of $18.7660) for a total value of approximately $17,490 — this was compensation, not an open-market purchase.

Key Details

• Transaction date: 2026-04-01; Form 4 filed 2026-04-02 (timely filing).
• Shares issued: 932 shares at $18.77 per share; total value ≈ $17,490 (footnote says value approx $17,500).
• Reason: Equity component of Q1 2026 quarterly retainer under the Issuer’s Non-Employee Director Compensation Policy (policy adopted Feb 3, 2020; last amended Jan 30, 2025).
• Price basis: 20-day trailing average closing price as of the last business day of the calendar quarter — $18.7660 used to compute shares.
• Shares owned after transaction: Not disclosed in this filing.

Context
This was a routine compensation award to a non-employee director (an acquisition by grant), which is standard corporate governance practice and does not necessarily indicate the director’s personal market view. The filing documents the award calculation and payment; no option exercises, open-market buys/sells, tax-withholding, or 10b5-1 plan were reported.