Robert Robotti - Jul 31, 2023 Form 4 Insider Report for AMREP CORP. (AXR)

Role: Director
Signature: /s/ Robert E. Robotti
Stock symbol: AXR
Transactions as of: Jul 31, 2023
Transactions value $: $28,951
Form type: 4
Date filed: 7/31/2023, 05:12 PM
Previous filing: Jul 28, 2023
Next filing: Aug 11, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AXR	Common Stock, $0.10 Par Value	Purchase	$29K	+1.75K	+0.62%	$16.52	287K	Jul 31, 2023	See Footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This amount includes 156,636 shares of the Common Stock, $0.10 par value (the "Common Stock") directly owned by The Ravenswood Investment Company, LP ("RIC") and 129,869 shares of the Common Stock directly owned by Ravenswood Investments III, L.P. ("RI").
F2	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 director 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.

Content

This amount includes 156,636 shares of the Common Stock, $0.10 par value (the "Common Stock") directly owned by The Ravenswood Investment Company, LP ("RIC") and 129,869 shares of the Common Stock directly owned by Ravenswood Investments III, L.P. ("RI").

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 director 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.