Alpine Income Property Trust: director Elias Wein Rachel received 969 shares

What happened

• Elias Wein Rachel, a director, received 969 shares as an award/grant. The Form 4 lists the transaction as 969 shares at $18.06 per share, totaling $17,498.

Key details

• Transaction date and price: Oct 1, 2026; 969 shares at $18.06 (per-share amount reported), total $17,498.
• Shares owned after the transaction: not reported in the filing.
• Footnote: the shares were issued as the equity component of the director's Q3 2026 quarterly retainer under the issuer's Non-Employee Director Compensation Policy. The filing states the share price used to calculate shares was the 20-day trailing average closing price as of the last business day of the quarter, $18.0580, and the value of the equity component was approximately $17,500.
• Filing timeliness: the filing does not indicate it was filed late.

Why it may matter

• This was an award/grant as director compensation (transaction code A); it was not a market sale or open-market purchase.
• The filing does not show why the insider received the shares or why the company issued them.