Andrew C Richardson - Insider Trading Tracker

Alpine Income Property Trust, Inc.

US ˙ NYSE ˙ US02083X1037

Introduction

This page provides a comprehensive analysis of the known insider trading history of Andrew C Richardson. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

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Companies with Reported Insider Positions

The SEC filings indicate Andrew C Richardson has reported holdings or trades in the following companies:

Security	Title	Latest Reported Holdings
US:PINE / Alpine Income Property Trust, Inc.	Director	17,968
US:STAR / iStar Inc		0
US:SAFE / Safehold Inc.	Interim CFO	0
US:HHC / Howard Hughes Corporation	Chief Financial Officer	34,831

How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Andrew C Richardson. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases PINE / Alpine Income Property Trust, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in PINE / Alpine Income Property Trust, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date	Ticker	Insider	Reported Shares	Reported Price	Adjusted Shares	Adjusted Price	Cost Basis	Days to Max	Price at Max	Max Profit ($)	Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

PINE / Alpine Income Property Trust, Inc. Insider Trades

Insider Sales PINE / Alpine Income Property Trust, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in PINE / Alpine Income Property Trust, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date	Ticker	Insider	Reported Shares	Reported Price	Adjusted Shares	Adjusted Price	Cost Basis	Days to Min	Price at Min	Max Loss Avoided ($)	Max Loss Avoided (%)
2025-08-27	PINE	Richardson Andrew C	1,000	15.0000	1,000	15.0000	15,000	1	15.1100	110	0.73
2025-02-25	PINE	Richardson Andrew C	400	16.7075	400	16.7075	6,683
2025-02-24	PINE	Richardson Andrew C	2,000	16.6392	2,000	16.6392	33,278
2024-11-21	PINE	Richardson Andrew C	500	17.7334	500	17.7334	8,867
2024-11-20	PINE	Richardson Andrew C	500	17.6469	500	17.6469	8,823
2024-11-14	PINE	Richardson Andrew C	1,000	17.7620	1,000	17.7620	17,762
2024-09-30	PINE	Richardson Andrew C	1,000	18.1485	1,000	18.1485	18,148

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

Insider Purchases SAFE / Safehold Inc. - Short Term Profit Analysis

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date	Ticker	Insider	Reported Shares	Reported Price	Adjusted Shares	Adjusted Price	Cost Basis	Days to Max	Price at Max	Max Profit ($)	Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

Insider Sales SAFE / Safehold Inc. - Short Term Loss Analysis

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date	Ticker	Insider	Reported Shares	Reported Price	Adjusted Shares	Adjusted Price	Cost Basis	Days to Min	Price at Min	Max Loss Avoided ($)	Max Loss Avoided (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

Insider Trading History

This table shows the complete list of insider trades made by Andrew C Richardson as disclosed to the Securities Exchange Commission (SEC).

File Date	Tran Date	Form	Ticker	Security	Code	Shares	Remaining Shares	Percent Change	Share Price	Tran Value	Remaining Value
2025-08-29	2025-08-27	4	PINE	Alpine Income Property Trust, Inc. Common Stock, par value $0.01 per share	S - Sale	-1,000	17,968	-5.27	15.00	-15,000	269,520
2025-07-03	2025-07-01	4	PINE	Alpine Income Property Trust, Inc. Common Stock, par value $0.01 per share	A - Award	1,156	18,968	6.49	15.13	17,494	287,043
2025-04-01	2025-04-01	4	PINE	Alpine Income Property Trust, Inc. Common Stock, par value $0.01 per share	A - Award	1,069	17,812	6.38	16.36	17,485	291,333
2025-02-26	2025-02-25	4	PINE	Alpine Income Property Trust, Inc. Common Stock, par value $0.01 per share	S - Sale	-400	16,743	-2.33	16.71	-6,683	279,734
2025-02-26	2025-02-24	4	PINE	Alpine Income Property Trust, Inc. Common Stock, par value $0.01 per share	S - Sale	-2,000	17,143	-10.45	16.64	-33,278	285,246
2024-11-22	2024-11-21	4	PINE	Alpine Income Property Trust, Inc. Common Stock, par value $0.01 per share	S - Sale	-500	19,143	-2.55	17.73	-8,867	339,470
2024-11-22	2024-11-20	4	PINE	Alpine Income Property Trust, Inc. Common Stock, par value $0.01 per share	S - Sale	-500	19,643	-2.48	17.65	-8,823	346,638
2024-11-18	2024-11-14	4	PINE	Alpine Income Property Trust, Inc. Common Stock, par value $0.01 per share	S - Sale	-1,000	20,143	-4.73	17.76	-17,762	357,780
2024-10-02	2024-10-01	4	PINE	Alpine Income Property Trust, Inc. Common Stock, par value $0.01 per share	A - Award	1,056	21,143	5.26	18.46	19,497	390,363
2024-10-02	2024-09-30	4	PINE	Alpine Income Property Trust, Inc. Common Stock, par value $0.01 per share	S - Sale	-1,000	20,087	-4.74	18.15	-18,148	364,549
2024-07-02	2024-07-01	4	PINE	Alpine Income Property Trust, Inc. Common Stock, par value $0.01 per share	A - Award	1,268	21,087	6.40	15.37	19,488	324,086
2024-04-02	2024-04-01	4	PINE	Alpine Income Property Trust, Inc. Common Stock, par value $0.01 per share	A - Award	1,259	17,819	7.60	15.48	19,491	275,865
2024-01-04	2024-01-02	4	PINE	Alpine Income Property Trust, Inc. Common Stock, par value $0.01 per share	A - Award	1,145	18,560	6.57	17.02	19,483	315,817
2023-10-02	2023-10-02	4	PINE	Alpine Income Property Trust, Inc. Common Stock, par value $0.01 per share	A - Award	1,164	17,415	7.16	16.74	19,485	291,527
2023-07-03	2023-07-03	4	PINE	Alpine Income Property Trust, Inc. Common Stock	A - Award	1,212	16,251	8.06	16.08	19,494	261,389
2023-04-04	2023-04-03	4	PINE	Alpine Income Property Trust, Inc. Common Stock	A - Award	1,172	15,039	8.45	16.63	19,494	250,144
2023-01-04	2023-01-03	4	PINE	Alpine Income Property Trust, Inc. Common Stock	A - Award	860	13,867	6.61	18.88	16,237	261,809
2022-10-04	2022-10-01	4	PINE	Alpine Income Property Trust, Inc. Common Stock	A - Award	926	13,007	7.66	17.55	16,248	228,221
2022-07-05	2022-07-01	4	PINE	Alpine Income Property Trust, Inc. Common Stock	A - Award	905	12,081	8.10	17.95	16,241	216,800
2022-04-01	2022-04-01	4	PINE	Alpine Income Property Trust, Inc. Common Stock	A - Award	862	11,176	8.36	18.84	16,239	210,545
2022-01-05	2022-01-03	4	PINE	Alpine Income Property Trust, Inc. Common Stock	A - Award	853	10,314	9.02	19.04	16,239	196,348
2021-10-01	2021-10-01	4	PINE	Alpine Income Property Trust, Inc. Common Stock	A - Award	882	9,461	10.28	18.41	16,238	174,177
2021-07-02	2021-07-01	4	PINE	Alpine Income Property Trust, Inc. Common Stock	A - Award	865	8,579	11.21	18.78	16,243	161,096
2021-04-02	2021-04-01	4	PINE	Alpine Income Property Trust, Inc. Common Stock	A - Award	925	7,714	13.62	17.56	16,243	135,458
2021-01-05	2021-01-04	4	PINE	Alpine Income Property Trust, Inc. Common Stock	A - Award	1,084	6,789	19.00	14.99	16,246	101,747
2020-10-02	2020-10-01	4	PINE	Alpine Income Property Trust, Inc. Common Stock	A - Award	1,050	5,705	22.56	15.46	16,238	88,225
2020-07-02	2020-07-01	4	PINE	Alpine Income Property Trust, Inc. Common Stock	A - Award	1,032	4,655	28.48	15.73	16,238	73,243
2020-04-02	2020-04-01	4	PINE	Alpine Income Property Trust, Inc. Common Stock	A - Award	1,240	3,624	52.01	13.11	16,253	47,502
2020-01-06	2020-01-02	4	PINE	Alpine Income Property Trust, Inc. Common Stock, par value $0.01 per share	A - Award	384	2,384	19.20	18.82	7,227	44,867
2019-11-26	2019-11-26	4	PINE	Alpine Income Property Trust, Inc. Common Stock, par value $0.01 per share	A - Award	2,000	2,000
2019-05-24	2019-05-14	4	STAR	ISTAR INC. Restricted Stock Units	J - Other	-60,000	0	-100.00
2019-05-24	2019-05-14	4	STAR	ISTAR INC. Restricted Stock Units	J - Other	-11,429	0	-100.00
2019-05-24	2019-03-30	4	STAR	ISTAR INC. Common Stock	F - Taxes	-7,643	26,882	-22.14
2019-05-24	2019-03-30	4	STAR	ISTAR INC. Common Stock	A - Award	20,000	26,882	290.61
2019-05-24	2019-02-28	4	STAR	ISTAR INC. Restricted Stock Units	A - Award	11,429	0	-100.00
2018-04-02		3	SAFE	Safety, Income & Growth, Inc. Common Stock,par value $0.01 per share			0
2018-04-02		3	STAR	ISTAR INC. Common Stock			120,000
2018-04-02		3	STAR	ISTAR INC. Preferred Stock			100,000
2018-04-02		3	STAR	ISTAR INC. Restricted Stock Units			180,000
2018-04-02		3	STAR	ISTAR INC. Common Stock			120,000
2018-04-02		3	STAR	ISTAR INC. Preferred Stock			100,000
2018-04-02		3	STAR	ISTAR INC. Restricted Stock Units			180,000
2018-04-02		3	STAR	ISTAR INC. Common Stock			120,000
2018-04-02		3	STAR	ISTAR INC. Preferred Stock			100,000
2018-04-02		3	STAR	ISTAR INC. Restricted Stock Units			180,000
2016-03-30	2016-03-28	4	HHC	Howard Hughes Corp Common stock, par value $0.01 per share	F - Taxes	-8,390	34,831	-19.41	100.15	-840,258	3,488,325
2016-02-29	2016-02-25	4	HHC	Howard Hughes Corp Common stock, par value $0.01 per share	A - Award	8,150	43,221	23.24
2015-03-02	2015-02-26	4	HHC	Howard Hughes Corp Common stock, par value $0.01 per share	A - Award	6,747	35,071	23.82
2014-03-25	2014-03-21	4	HHC	Howard Hughes Corp Common stock, par value $0.01 per share	A - Award	3,472	28,324	13.97
2013-06-10	2013-06-06	4	HHC	Howard Hughes Corp Common stock, par value $0.01 per share	A - Award	4,852	24,852	24.26
2011-03-29	2011-03-28	4	HHC	Howard Hughes Corp Warrant (right to buy)	A - Award	178,981	178,981		2,000,000.00	357,962,000,000	357,962,000,000
2011-03-29	2011-03-28	4	HHC	Howard Hughes Corp Common Stock, par value $0.01 per share	A - Award	20,000	20,000

Open market or private purchase of non-derivative or derivative security

Open market or private sale of non-derivative or derivative security

Grant, award, or other acquisition of securities from the company (such as an option)

Conversion of derivative

Sale or transfer of securities back to the company

Payment of exercise price or tax liability using portion of securities received from the company

Gift of securities by or to the insider

Equity swaps and similar hedging transactions

Exercise or conversion of derivative security received from the company (such as an option)

A transaction voluntarily reported on Form 4

Other (accompanied by a footnote describing the transaction)