# EDGAR Filing Document

**Accession Number:** 0001984157
**File Stem:** 0001104659-26-014349
**Filing Date:** 2026-2
**Character Count:** 8946
**Document Hash:** daaec54d314c4d892a1a1a0062ed1f77
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-014349.hdr.sgml**: 20260212

**ACCESSION NUMBER**: 0001104659-26-014349

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260210

**FILED AS OF DATE**: 20260212

**DATE AS OF CHANGE**: 20260212

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** DAHL JAMES H
- **CENTRAL INDEX KEY:** 0000933422

**ORGANIZATION NAME:**
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-04702
- **FILM NUMBER:** 26627106

**MAIL ADDRESS:**
- **STREET 1:** 4314 PABLO OAKS COURT
- **CITY:** JACKSONVILLE
- **STATE:** FL
- **ZIP:** 32224
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Lancaster Rainey E.
- **CENTRAL INDEX KEY:** 0001984157

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-04702
- **FILM NUMBER:** 26627105

**MAIL ADDRESS:**
- **STREET 1:** C/O JAMES H. DAHL
- **STREET 2:** 4314 PABLO OAKS COURT
- **CITY:** JACKSONVILLE
- **STATE:** FL
- **ZIP:** 32224
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMREP CORP.
- **CENTRAL INDEX KEY:** 0000006207
- **STANDARD INDUSTRIAL CLASSIFICATION:** LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES) [6552]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 590936128
- **STATE OF INCORPORATION:** OK
- **FISCAL YEAR END:** 0430

**BUSINESS ADDRESS:**
- **STREET 1:** 850 WEST CHESTER PIKE
- **STREET 2:** SUITE 205
- **CITY:** HAVERTOWN
- **STATE:** PA
- **ZIP:** 19083
- **BUSINESS PHONE:** 610-487-0905

**MAIL ADDRESS:**
- **STREET 1:** 850 WEST CHESTER PIKE
- **STREET 2:** SUITE 205
- **CITY:** HAVERTOWN
- **STATE:** PA
- **ZIP:** 19083

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMREP CORP
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN REALTY & PETROLEUM CORP
- **DATE OF NAME CHANGE:** 19671019

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>DAHL JAMES H<br><sub>(Last) (First) (Middle)</sub><br>4314 PABLO OAKS COURT<br><sub>(Street)</sub><br>JACKSONVILLE, FL 32224<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2026-02-10 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>AMREP CORP. [ AXR ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Lancaster Rainey E.<br><sub>(Last) (First) (Middle)</sub><br>C/O JAMES H. DAHL<br>4314 PABLO OAKS COURT<br><sub>(Street)</sub><br>JACKSONVILLE, FL 32224<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2026-02-10 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>AMREP CORP. [ AXR ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Shares | 2026-02-10 |  | P |  | 3636 | A | 21.1223<sup>(1)</sup> | 438210 | D<sup>(2)</sup> |  |
| Common Shares | 2026-02-10 |  | P |  | 2488 | A | 22.2916<sup>(3)</sup> | 440698 | D<sup>(2)</sup> |  |
| Common Shares | 2026-02-11 |  | P |  | 2303 | A | 23.343<sup>(4)</sup> | 443001 | D<sup>(2)</sup> |  |
| Common Shares | 2026-02-11 |  | P |  | 697 | A | 23.9478<sup>(5)</sup> | 443698 | D<sup>(2)</sup> |  |
| Common Shares |  |  |  |  |  |  |  | 229151 | I | IRA Accounts<sup>(6)</sup> |
| Common Shares |  |  |  |  |  |  |  | 94120 | I | Trust<sup>(7)</sup> |
| Common Shares |  |  |  |  |  |  |  | 173750 | D<sup>(8)</sup> |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $20.68 to $21.65 per share.

(2) The shares are held by James H. Dahl.

(3) The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.685 to $22.59 per share.

(4) The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $22.83 to $23.76 per share.

(5) The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $23.84 to $24.00 per share.

(6) The shares are held in two IRA accounts as follows: 204,151 shares held by the ROTH Conversion Account and 25,000 shares held by the IRA Account.

(7) The shares are held by Dahl Family Foundation, Inc. Neither James H. Dahl nor any member of his family have any pecuniary interest in shares held by Dahl Family Foundation, Inc.

(8) The shares are held by Rainey E. Lancaster who is a member of a group with James H. Dahl for purposes of Section 13(d) of the Exchange Act.

**Signature:** /s/ Ivan A. Colao, Attorney-in-Fact for James H. Dahl  
**Date:** 2026-02-12

**Signature:** /s/ Ivan A. Colao, Attorney-in-Fact for Rainey E. Lancaster  
**Date:** 2026-02-12

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**