CTO Realty Growth, Inc. — Director's Dealing 2021

Oct 1, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CTO Realty Growth, Inc. (CTO)
CIK: 0000023795
Period of Report: 2021-10-01

Reporting Person: Brokaw George R (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-10-01	Common Stock	A	275	$54.4130	Acquired	17814	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1286	Indirect

Footnotes

F1: The Reporting Person acquired 1,000 shares of the Issuer's common stock on August 12, 2021, which was reported in a Form 4 filed on August 16, 2021 (the "8/16/21 Form 4"). The 8/16/21 Form 4 was erroneously filed twice, and thus the duplicate filing should be disregarded. Therefore, this Form 4 correctly states the number of shares of common stock beneficially owned by the Reporting Person after the transaction reported herein.

F2: These shares were issued to the Reporting Person in lieu of his 3rd quarter 2021 board retainer fee of $10,000 and committee retainer fees of $5,000 pursuant to the Issuer's Non-Employee Director Compensation Policy (the "Policy") adopted by the Issuer's board of directors on February 27, 2019 (last amended February 10, 2021). 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 day of the quarter, or $54.4130.

F3: These securities are held directly by the above-named trust, of which the Reporting Person is a beneficiary and trustee.