AMREP CORP. — Director's Dealing 2024

Dec 24, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMREP CORP. (AXR)
CIK: 0000006207
Period of Report: 2024-12-20

Reporting Person: ROBOTTI ROBERT (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-12-20	Common Stock, $0.001 Par Value Per Share	S	179	$31.5579	Disposed	309415	Indirect
2024-12-20	Common Stock, $0.001 Par Value Per Share	S	12821	$31.5579	Disposed	296594	Indirect

Footnotes

F1: This amount includes 181,604 shares of the Common Stock, $0.10 par value (the "Common Stock") directly owned by The Ravenswood Investment Company L.P. ("RIC") and 127,811 shares of the Common Stock directly owned by Ravenswood Investments III, L.P.

F2: This amount includes 181,604 shares of the Common Stock, directly owned by RIC and 114,990 shares of the Common Stock directly owned by RI.

F3: Mr. Robotti may be deemed to beneficially own (solely for the purpose of Rule 16a-1(a)(2) under the Securities Exchange Act of 1934, as amended ("Exchange Act")) certain of the shares of Common Stock set forth in this Form 4 as managing member of Ravenswood Management Company, LLC, which serves as the general partner of RIC and RI. Mr. Robotti disclaims beneficial ownership of all securities reported herein except to the extent of any pecuniary interest therein, if any.