X0609 4 2026-03-31 0001786117 Alpine Income Property Trust, Inc. PINE 0001358969 Richardson Andrew C false 1140 N. WILLIAMSON BLVD., SUITE 140 DAYTONA BEACH FL 32114 true false false false 0 Common Stock, par value $0.01 per share 2026-03-31 4 S 0 2750 18.1372 D 16444 D Common Stock, par value $0.01 per share 2026-04-01 4 A 0 932 18.766 A 17376 D 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. 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. /s/ Daniel E. Smith, attorney-in-fact for Andrew C. Richardson 2026-04-02