AMREP CORP. — Director's Dealing 2024

Dec 20, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMREP CORP. (AXR)
CIK: 0000006207
Period of Report: 2024-12-18

Reporting Person: ROBOTTI ROBERT (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-12-18	Common Stock, $0.001 Par Value Per Share	S	4	$31.7492	Disposed	327644	Indirect
2024-12-18	Common Stock, $0.001 Par Value Per Share	S	197	$31.7492	Disposed	327447	Indirect
2024-12-19	Common Stock, $0.001 Par Value Per Share	S	357	$31.2407	Disposed	327090	Indirect
2024-12-19	Common Stock, $0.001 Par Value Per Share	S	17496	$31.2407	Disposed	309594	Indirect

Footnotes

F1: This amount includes 182,140 shares of the Common Stock, $0.10 par value (the "Common Stock") directly owned by The Ravenswood Investment Company, LP ("RIC") and 145,504 shares of the Common Stock directly owned by Ravenswood Investments III, L.P.

F2: This amount includes 182,140 shares of the Common Stock, directly owned by RIC and 145,307 shares of the Common Stock directly owned by RI.

F3: This amount includes 181,783 shares of the Common Stock, directly owned by RIC and 145,307 shares of the Common Stock directly owned by RI.

F4: This amount includes 181,783 shares of the Common Stock, directly owned by RIC and 127,811 shares of the Common Stock directly owned by RI.

F5: 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, L.L.C., 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.