Form 4 for PINE Alpine Income Property Trust, Inc.

Accepted 2026-04-02 17:30:05 ET · period of report 2026-03-31 · accession 0001358969-26-000004 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
	2026-04-02 17:30	2026-03-31	PINE	Richardson Andrew C	Dir	S - Sale	$18.14	-2,750	16.4K	-14%	-$49.9K
	2026-04-02 17:30	2026-04-01	PINE	Richardson Andrew C	Dir	A - Grant	$18.77	+932	17.4K	+6%	+$17.5K

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock, par value $0.01 per share	2026-03-31	S	D	2,750	$18.14	16,444	D	—	—	(F1) The price reported is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $18.10 to $18.20, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
2	Common	Common Stock, par value $0.01 per share	2026-04-01	A	A	932	$18.77	17,376	D	—	—	(F2) These shares were issued to the Reporting Person as the equity component of his Q1 2026 quarterly retainer fee (the value of such component being approximately $17,500), pursuant to the Issuer's Non-Employee Director Compensation Policy (the "Policy") adopted by the Issuer's board of directors on February 3, 2020 (last amended January 30, 2025). Pursuant to the Policy, the share price utilized to calculate the number of shares issued was the 20-day trailing average closing price as of the last business day of the calendar quarter, or $18.7660.